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MONDAY NOVEMBER 2, 2015 ISSUE 2037/2015

Najib: Sabah’s
rural development
FINANCIAL continues to be
government’s
priority

DAILY
www.theedgemarkets.com
MAKE
BETTER
DECISIONS
16 H O M E

4 HOME BUSINESS

Poultry firms
unfazed by haze
8 HOME BUSINESS

Vale Malaysia sees

higher Asian revenue
EWEIN SET TO BAG
with new hub in Perak SECOND PENANG PROJECT
9 HOME BUSINESS

Local companies BY YEAR END

should not fear TPP,
say experts It will start to see profit
10 P R O P E R T Y S N A P S H O T
contributions from
City of Dreams from 3Q.
Hitachi hopes to Chester Tay has the story
collaborate with
more Malaysian on Page 4.
developers
15 H O M E

Air quality improves

Datuk Ewe Swee Kheng

18 F E AT U R E SHH Resources not for sale

CIDB looks to 6 HOME BUSINESS
do more for
construction industry

INTRODUCING A CONVENIENT WAY

TO HIRE EXPATRIATES
MYXpats centre processes and issues all
expatriate-related passes conveniently.
For more information, call us at +603 8892 3939
or visit esd.imi.gov.my.
2 M ON DAY N OVEM B ER 2 , 2 0 1 5 • TH EEDGE FI N AN C I AL DAI LY
ON EDGE T V
www.theedgemarkets.com
1MDB defends
debt to equity
swap with Ipic
Attractiveness
of Bandar M’sia
is unrivalled
— 1MDB
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US jobs data is key
to Fed’s rate plans
Employment figures could raise chances of hike
BY F RANCE S CO C ANE PA
FRANKFURT: US jobs data due
in the coming week may hold the
key to whether the Federal Reserve
(Fed) will raise interest rates for the
first time since 2006 in December,
signalling its intention to end an
era of almost free dollars.
An increase in Fed rates would
have consequences well beyond
US borders, increasing borrowing
costs for dollar debtors in emerging
markets, pushing up the greenback
against some major currencies and
driving a global reallocation of in-
vestment money.
The Fed, which has a dual man-
date including inflation and em-
ployment, put a Dec rate hike firmly
in play in the past week and inves-
tors will be scrutinising last Friday’s
US employment data to work out
Norway rates seen approaching zero
BY SALEHA M O HS I N
OSLO: It may have sounded far-
fetched only a year ago, but today’s
buzz is all about how low they can go.
A 16-month oil rout and grow-
ing talk of recessionary risks have
led economists tracking monetary
policy in Norway to wonder whether
zero, or even negative, rates are in
store for western Europe’s biggest
crude producer.
Norges Bank Governor Oeystein
Olsen “has to think in terms of neg-
ative rates, especially when all our
neighbouring countries have it.” said
Jan Ludvig Andreassen, chief econ-
omist at Eika Gruppen AS in Oslo.
With Denmark’s benchmark at
-0.75% and Sweden’s at -0.35%, he
sees a series of rate cuts ahead for Nor-
Exxon pumps up position in world of cheap oil
BY KEV IN ALLI S O N
NEW YORK: Exxon Mobil is pumping
up its position in a world of cheap oil.
The US$340 billion (RM1.45 trillion)
energy giant stood firm despite sharp-
ly lower profit in the third quarter,
avoiding the kind of write-downs and
job cuts that overshadowed results at
Royal Dutch Shell and Chevron. An
ironclad balance sheet and strong
cash flow leave the world’s biggest
private-sector oil producer primed to
acquire assets as weaker rivals falter.
The Irving, Texas-based oil titan
did take a hit from crude’s price
drop. Net income of US$4.2 bil-
lion for the three months ended
in September was 47% less than a
year ago as a jump in refining profit
the odds of such a move.
Analysts polled by Reuters ex-
pect US employers outside the
agricultural sector to have added
180,000 jobs in October and overall
earnings to have increased by 0.2%
during the month.
See related story on Page 23
“If we get 175,000 or 180,000
(new jobs) and wages up three
tenths of a per cent, that signifi-
cantly increases the probability that
the Fed will raise rates in Decem-
ber.” said Mickey Levy, an analyst
at Berenberg in New York.
HSBC economists also said that
average job gains above 150,000
a month in October and Novem-
ber may be enough to keep a De-
cember rate hike on the table for
most members of the Fed’s Federal
way, reaching -0.25% in 2017. That’s
based on an assumption that oil will
rise to a modest US$60(RM255.60),
from just below US$50 now.
“We’ll probably avoid a recession
if the bank makes a timely use of the
tools it has available.” said Andre-
assen, who calls himself an “outli-
failed to offset lower returns from
Exxon’s oil and gas fields.
The pain is relative, though. The
company managed to squeeze
US$1.4 billion of profit from crude
production during the quarter, de-
spite a near 60% drop in oil prices
since last summer. Sub-US$50-per-
barrel crude all but wiped out Chev-
ron’s upstream earnings, however,
driving quarterly profit down 64%.
A US$7.9 billion write-down at
Shell, meanwhile, pushed Europe’s
biggest petroleum company to a
quarterly loss last Thursday. Cono-
co, the US$66 billion independent
US oil producer, reported its third
loss in four quarters.
Exxon may eventually have to
engage in lay-offs and write-downs
For breaking news updates go to
www.theedgemarkets.com
Open Market Committee.
Financial markets are pricing in
a 50% probability that the Fed will
increase its main interest rate to
0.25% or even 0.5% from the cur-
rent 0.125% on Dec 16, according
to data compiled by CME group.
The state of the US labour market
is not the only concern for the Fed,
which made an explicit reference to
“uncertainty abroad” when it decid-
ed to hold rates steady in September.
Even though this reference dis-
appeared in the October policy
statement, lower growth in emerg-
ing markets including China and
falling oil prices has taken a toll
on US manufacturers.
A survey due yesterday is expect-
ed to show activity in the US man-
ufacturing sector marked time in
October, losing further momentum
from the month before. — Reuters
Olsen ‘has to think in terms of negative
rates’. Photo by Bloomberg
er” among economists in Norway.
None of his counterparts at the re-
gion’s five largest bank’s see negative
rates ahead.
When it comes to Thursday’s rate
decision, Norway is expected to keep
them unchanged at 0.75%, according
to 13 of 14 economists surveyed by
Bloomberg. One sees a cut to 0.5%.
The bank will not release any new
economic forecasts.
Since oil’s decline gathered pace
more than a year ago, Norges Bank
has eased policy three times, halving
rates. Olsen signaled a more than
50% chance of more easing in the
coming year. — Bloomberg
if oil remains cheap. But its total
debt-to-equity ratio of 17% is the
lowest in the sector, and cash flow
from new projects is starting to rise.
That should allow the company to
keep paying dividends and buying
back stock while it waits for prices
to increase. Exxon’s shares have also
outperformed those of its biggest ri-
vals since crude prices took a dive,
leaving it with a stronger currency
for making acquisitions.
The company wouldn’t say
during last Friday’s earnings call
whether it planned to do any deals,
stating only that any acquisition
would have to compete with a “di-
verse inventory” of internal pro-
jects. In the battered oil patch, that’s
a nice problem to have. — Reuters
IN BRIEF
UAE bank to buy US$900m
RBS Indian loans
DUBAI: National Bank of Abu
Dhabi PJSC, the United Arab
Emirates’ largest bank, signed
an agreement with Royal Bank
of Scotland Group Plc to buy
about US$900 million (RM3.83
billion)of offshore loans to
Indian companies. The deal
should be completed progres-
sively from the third quarter of
2015, subject to conditions, the
bank, which is 70% owned by
the oil-rich emirate, said in a
statement posted on the Abu
Dhabi stock exchange website
yesterday. Deutsche Bank AG
acquired about US$200 mil-
lion of RBS’ Indian loan as-
sets, people familiar with the
matter said last month. The
German lender also bought
some Singaporean and Indo-
nesian assets from RBS, they
said. — Bloomberg
China may let individuals
invest more abroad
SHANGHAI: China is consid-
ering relaxing limits to allow
individuals to invest overseas in
stocks and property, the central
bank said, which would poten-
tially unleash a flood of money
if the government loosens strict
capital controls. The country
keeps a tight grip on outflows
of funds due to worries capital
flight which could disrupt the
economy and weaken its con-
trol. The People’s Bank of Chi-
na said it was studying letting
“qualified” individuals invest
abroad in industry, property
and financial products through
the Shanghai Free Trade Zone,
according to a statement re-
leased last Friday. — AFP
Emaar quarterly profit
misses estimates
DUBAI: Emaar Properties PJSC,
the builder of the world’s tall-
est tower in Dubai, yester-
day reported an increase in
third-quarter profit that missed
analysts’ estimates after costs
escalated and demand for real
estate in its home market began
to slow. Net income rose 31% to
843 million dirhams (RM979.8
million), or 12 fils a share, from
645 million dirhams, or 9 fils,
a year earlier, the Dubai based
company said in a statement
yesterday. The mean estimate
of five analysts was for a profit
of 1 billion dirhams, according
to data compiled by Bloomberg.
— Bloomberg
IMF urges Fed to
be cautious on rates
WASHINGTON: The Interna-
tional Monetary Fund (IMF)
on Friday urged the Federal Re-
serve to be cautious on raising
rates, warning that tightening
too fast could force it to reverse
and possibly lose credibility. In
a review of the world’s top in-
dustrial economies ahead of
the Nov 15-16 G-20 summit in
Antalya, Turkey, the IMF said
the US and the global economy
face risks tied to the impending
rate hike, which would be the
first in more than nine years.
— Reuters
M ON DAY N OV E MB E R 2, 2015 • T HEED G E FINA NCIA L DA ILY
3
4 HOME BUSINESS
Ewein set to bag second
Penang project by year end
It will start to see profit contributions from City of Dreams from 3Q
BY C H ESTER TAY
KUALA LUMPUR: Ewein Bhd,
which is currently jointly devel-
oping the RM800 million City of
Dreams condominium project in
Bandar Tanjong Pinang, Penang
with Consortium Zenith BUCG
Sdn Bhd (CZBUCG), is set to bag
its second project on the island by
the end of the year.
“Right now, we are finalising and
fine-tuning the [contract] terms [to
develop] the next parcel of land [in
Bandar Tanjong Pinang] with CZ-
BUCG, and hope to make an an-
nouncement by year end,” its dep-
uty chairman and group managing
director Datuk Ewe Swee Kheng
told The Edge Financial Daily in
an interview last week.
In June, it incorporated a new
60%-owned subsidiary, Ewein Ze-
nith II Sdn Bhd, in anticipation of
winning the contract. The remain-
ing 40% stake in Ewein Zenith II
will be held by CZBUCG.
Ewe said Ewein is proposing
to develop three blocks of luxury
serviced apartments on the 4.4252-
acre (1.79ha) piece of freehold land,
which will have a gross develop-
ment value (GDV) of RM1 billion.
To be called City of Dreams II,
the serviced apartments will com-
Poultry firms unfazed by haze
BY L I EW JI A TENG
KUALA LUMPUR: Millions of broil-
er chickens may have been killed,
and egg production is falling be-
cause of the haze in Malaysia, but
most locally-listed poultry compa-
nies appear to be unfazed by the
recent air pollution crisis.
According to a news report by
a local English daily recently, on
average, the haze from Indonesia
fires has killed about two million
to three million chickens in the
northern states of Penang, Kedah,
Perlis and Perak a month.
Peninsular Malaysia produces
50 million chickens every month,
but birds died of suffocation, about
twice the usual number of deaths.
Commenting on the impact of
haze on the poultry companies,
the Federation of Livestock Farm-
ers' Associations Of Malaysia (FL-
FAM), the umbrella organisation
of the Malaysian livestock indus-
try, said the overall production of
broiler chickens and eggs remains
satisfactory.
“The haze problem has been
affecting our country for the past
few weeks. While our members’
performance varied from farm to
farm and state to state, chickens
kept in a closed special ventilated
prise 891 units, but with small-
er built-ups than that of City of
Dreams, he said.
“Nevertheless, this is subject to
the finalisation of the second par-
cel of land,” said Ewe.
Meanwhile, Ewein will start to
see contributions from the City of
Dreams project to its profit for the
third quarter ended Sept 30, 2015
(3QFY15), based on its 60% share
of the joint venture with CZBUCG,
which owns the remaining 40%. It
is due to announce the results of
the quarter in the second week of
this month.
“We have started
progress billing for
road and drainage
works serving the
project. We expect
the project to gain
momentum from
4 Q F Y 1 5 ,” s a i d
Ewe.
“The develop-
ment is expected
to contribute RM200
million in profit be-
fore tax and mi-
These (small-scale)
players may suffer
from the haze problem
because the air
pollution can cause
breathing difficulties
for the chickens.
house generally fared better,” FL-
FAM told The Edge Financial Daily
in an email reply.
It was also reported that some
poultry farms saw their egg produc-
tion decline by about 5% since the
start of the haze, as their hens be-
came restless and weak. Normally,
each bird would produce 25 eggs
a month but for the past month,
they produced between 15 and 20
eggs each.
Layer farming company Teo
Seng Capital Bhd, which only pro-
duces chicken eggs, highlighted
that its layer farms are mostly lo-
cated in Yong Peng, Johor, where
the Pollutant Standards Index (PSI)
is not as high as other areas.
“Our company was not much af-
fected by the haze because we don’t
raise broiler chickens. Our chick-
nority interests over the next four
years,” he said.
Ewein saw its 2QFY15 net prof-
it jump 88.1% to RM521,000 from
RM277,000 in 2QFY14. Revenue,
however, fell by a marginal 1.48%
to RM10.55 million from RM10.71
million a year ago.
Ewe said the group had received
overwhelming responses to the City
of Dreams condominium project,
receiving 1,203 applications for the
572 units available.
“We are in the progress of quali-
fying these applications, and hope-
fully will be able to sign some
of the SPAs (sale and pur-
chase agreements) by
the end of this year,”
he added.
Ewe: We are in the
progress of qualifying
these applications, and
hopefully will be able to
sign some of the SPAs
by the end of this year.
Photo by Sam Fong
Peer comparison of poultry companies
COMPANIES MARKET CAPITALISATION
(RM MILLION)^
QL Resources Bhd
Teo Seng Capital Bhd
Lay Hong Bhd
Huat Lai Resources Bhd
LTKM Bhd
CAB Cakaran Corp Bhd
CCK Consolidated
Holdings Bhd
PW Consolidated Bhd
Farm’s Best Bhd
* First half of calendar year 2015
^ On Oct 29, 2015
Source: Bursa Malaysia, Bloomberg
en eggs production remains good
because we operate (the) closed
house [system] with environmental
control system,” the company told
The Edge Financial Daily.
“We think the reported data
on declining egg production was
mainly referring to the open house
farming system,” it added.
A spokesman for a locally-listed
poultry firm, who asked to remain
anonymous, stressed that the ef-
fect of the haze on the production
of broiler chickens and eggs is ex-
pected to be minimal.
“All of our broiler farms and 90%
M ON DAY N OVEM B ER 2 , 2 0 1 5 • TH EEDGE FI N AN C I AL DAI LY
City of Dreams features two
blocks of 40-storey towers hous-
ing a total of 572 condominium
units, with built-ups ranging from
1,100 sq ft to 2,350 sq ft.
Sitting on a 3.67-acre piece of
freehold land, the seafront units
are priced from RM1,172 per sq ft
(psf), which is relatively lower than
Eastern & Oriental Bhd’s high-end
condominiums in Seri Tanjung
Pinang nearby, which are going
for RM1,800 psf.
City of Dreams and City of
Dreams II are part of a proposed
development measuring 50 acres
to be known as Wellness City of
Dreams, which will have a GDV
of RM13.89 billion. The proposed
project is expected to comprise,
among others, a wellness resort,
retirement and nursing residential
suites, and serviced apartments.
While property development
will contribute “significantly” to the
group’s pre-tax profit from FY16,
Ewe said the group had no inten-
tions of ending its manufacturing
of precision sheet metal fabricated
parts business.
“We can still remain profitable in
the manufacturing segment. While
profit growth rates may be flat, but
in times like these (lower demand
from the electronics and electrical
REVENUE NET PROFIT
(RM MILLION)* (RM MILLION)*
4,992 1,317 88
471 203 25
283 326 6 in open house systems.
273 721 49
217 91 25
167 440 11
122 246 6 Currently, QL Resources Bhd
89 140 5 (fundamental:1.3; valuation: 1.1) is
36 177 -8
of our layer farms are using the
closed house system. As far as the
supply is concerned, it is still fairly
sufficient, and hence, the prices (of
chickens and eggs) are relatively
stable,” he commented.
Meanwhile, an industry expert
from a privately-held poultry com-
pany, who only wants to be known
as Tan, also said he has not seen
any major impact from the haze
on his chicken and egg production.
“For us, 80% to 90% of our farms
are being operated in closed hous-
es with advanced cooling systems.
So, our production efficiency is still
sector), I think we are considered
good to be able to remain profita-
ble,” he remarked.
On its property investment busi-
ness, Ewe said rental income from
Menara IJM Land in Penang pro-
vides the group recurring income
on an annual basis. The group ac-
quired the property in 2011 for
RM50 million.
Ewe said contributions from this
segment are expected to increase
in the coming years from a revision
of rental rates.
Year to date, Ewein’s (funda-
mental: 0.95; valuation: 1.4) share
price has risen 109.78% to close
at 96.5 sen last Friday, up 7.5 sen
or 8.43% higher from the previous
day’s closing. Its market capitali-
sation stood at RM186.68 million.
The Edge Research’s fundamental
score reflects a company’s profitabil-
ity and balance sheet strength, cal-
culated based on historical numbers.
The valuation score determines if a
stock is attractively valued or not,
also based on historical numbers.
A score of 3 suggests strong funda-
mentals and attractive valuations.
Go to www.theedgemarkets.com for
more details on a company’s finan-
cial dashboard.
there,” he noted.
Tan went on to say that most
large-scale poultry firms have envi-
ronmental control housing system
in their farms, but some traditional
farmers still prefer to raise chickens
“These (small-scale) players may
suffer from the haze problem be-
cause the air pollution can cause
breathing difficulties for the chick-
ens,” he said.
among the country’s largest poultry
egg producers with a production
rate of about 3.2 million eggs per
day. Some 20 million day-old chicks
are processed annually in East Ma-
laysia and another 20 million are
processed in Indonesia.
Johor-based Teo Seng Capital
(fundamental: 1.9; valuation: 1.5)
operates nine layer farms with
about two million layer birds,
producing an average of 1.7 mil-
lion eggs daily. The company was
ranked second in terms of mar-
ket share in Peninsular Malaysia,
capturing some 7% of the market
in 2008.
Lay Hong Bhd (fundamental:
0.75; valuation:0.8) produces 500
million eggs and 30,000 tonnes of
broiler meat annually.
M ON DAY N OV E MB E R 2, 2015 • T HEED G E FINA NCIA L DA ILY
5
6 HOME BUSINESS
SHH Resources not for sale
Its earnings will continue to be boosted by strong US dollar, which will support ‘better’ dividend payouts
BY TA N SI EW MU NG
KUALA LUMPUR: SHH Resourc-
es Holdings Bhd, which has been
touted as a potential acquisition
target for bigger rival HeveaBoard
Bhd since it was first reported by
The Edge weekly in March this year,
has come out to say that it is not
for sale.
Its executive deputy chairman
Ling Hee Keat said any tie-ups with
HeveaBoard will merely be collabo-
rative in nature and will not involve
a disposal or exchange of shares.
“There is no plan to sell SHH
Resources to Heveaboard. We are
not buying and selling shares [to
each other] or partnering Hevea-
board with a share swap,” he told
The Edge Financial Daily in an
interview.
“Most businesses want to grow
bigger, yet any merger or acquisi-
tion (M&A) will have internal issues
to sort out. So unless something
fantastic comes along, we don’t
want to rock the boat too much,”
said Ling, who held a 4.13% stake
in SHH Resources as at Oct 6.
On Sept 3, HeveaBoard group
managing director Yoong Hau Chun
told a media and analyst briefing
that the group remained actively
engaged in discussions with SHH
Resources on various issues, in-
cluding an acquisition.
“Yes, we are in discussions with
HeveaBoard, but the talks centre on
how we can collaborate with each
Sanichi remains upbeat on property venture
BY TA N SI EW MU NG
KUALA LUMPUR: Sanichi Tech-
nology Bhd, whose original busi-
ness is in precision plastic injection
moulding, seems unperturbed by
the current property slowdown. Its
managing director Datuk Seri Dr
Jacky Pang Chow Huat remained
sanguine on the group’s upcom-
ing launch of its maiden property
development project in Klebang,
Melaka.
In an interview with The Edge
Financial Daily, Pang revealed that
Sanichi is expecting an annual prof-
it of up to RM13 million from this
project for the next three years.
The group reported net profit
of RM2.99 million net profit for
its financial year ended June 30,
2015 (FY15).
“We expect to earn a profit mar-
gin of about RM40 million, the pro-
ject spans three years, so if we divide
it equally, we would get about RM13
million every year,” he said, adding
that the calculation is still subject to
auditors’ review ultimately.
“The management is quite con-
fident of the project. During our
soft launch, we managed to secure
about 20% bookings. Upon the of-
ficial launch, I think it is safe to say
that we can get another 50%.”
other because we cater to different
market segments. Any collaboration
will only involve sharing customer
base or marketing of products to
our customers,” explained Ling.
HeveaBoard is a particle
board-related manufacturer that
exports to China, Japan and Aus-
tralia, while SHH Resources is a
Johor-based solid wood furniture
manufacturer that exports to the
United States and Canada.
Ling said HeveaBoard sells
ready-to-assemble furniture, also
known as flat-pack furniture, while
SHH Resources sells bedroom and
dining furniture sets.
To recap, Tan Sri Vincent Lee
Fook Long, a director and formerly
a substantial shareholder of SHH
Resources, has been paring down
his stake in the company, igniting
speculation about a possible take-
over by HeveaBoard (fundamental:
2.1; valuation: 1.4). He ceased to be
a substantial shareholder of SHH
Resources on July 24.
As at July 28, Lee had one mil-
lion shares or a 2% stake in SHH
Resources compared with a 5.56%
stake as at Oct 7, 2014.
Meanwhile, SHH Resources’
founder and managing director
Datuk Teo Wee Cheng and his wife
Datin Teo Chan Huat, who is the
deputy managing director, have
been accumulating shares in the
company.
According to filings with Bursa
Malaysia, the couple acquired a
A year since the inception of the
project with a gross development
value of about RM200 million, Pang
said Sanichi has just completed
the piling works, and is poised to
kick off the official launch within
two months.
The project, dubbed Marina
Point, is a mixed development that
spans 93,345 sq ft comprising 352
and 120 residential and commer-
cial units, respectively.
“We have a competitive edge
in the Melaka market, our project
is on freehold land, with selling
price of about RM500 per sq ft [for
residential], this is about the same
with those properties on reclaimed
land, which normally have lease-
hold titles,” Pang said.
In addition, he also expects that
with the weakening ringgit, Mari-
na Point would be able to attract
foreign buyers as well.
Year-to-date, the ringgit has
weakened as much as 27% to 4.4812
against the US dollar on Sept 29,
before it strengthened to 4.2595
last Friday.
The strengthening US dollar is a
blessing for Sanichi’s manufactur-
ing business, as most of the group’s
output is for the export market.
“It’s not just the foreign ex-
change gain. Since it is cheaper
SHH Resources Holdings Bhd
Vol (mil) RM
3.0 2.5
RM2.23
2.5
2.0
2.0
1.5 1.5
1.0
1.0
0.5
0 0.5
Nov 3, 2014 Oct 30, 2015
total of 5.58 million shares or an
11.6% stake at RM1.40 apiece from
Lee’s advertising agency Naga DDB
Sdn Bhd through an off-market
transaction on June 15.
As at Oct 6, their collective share-
holding in SHH Resources stood at
28.66% from 17.51% as at Dec 22,
2004, remaining as the company’s
largest shareholder.
Year to date, SHH Resourc-
es shares have gained RM1.44 or
182.28% to RM2.23, significant-
ly outperforming the FBM KLCI’s
5.42% decline. The counter closed
14 sen or 6.7% higher at RM2.23 last
Friday, bringing a market capitali-
sation of RM104.5 million.
On the reason for Lee’s disposal
of shares, Ling said: “We under-
stand that he had expressed his
interest to dispose of his shares,
for our European client to import,
they are increasing their orders
with us now,” Pang said, adding
that the group is expecting to see
at least 10% revenue growth in its
manufacturing business for FY16.
The group’s major clients are car
makers such as Audi AG, Daimler
AG, and Volkswagen Group, they
constituted up to 80% of Sanichi’s
total revenue in FY15, Pang said.
For its fourth quarter ended June
30, 2015 (4QFY15), Sanichi reg-
istered a net loss of RM536,000,
against a net profit of RM423,000
a year ago. This was on the back
of RM11.99 million in revenue,
doubling from RM5.32 million in
4QFY14.
For the full year, net
profit rose 31.3% to
RM2.99 million,
from RM2.28 mil-
lion previously,
while revenue al-
most doubled to
RM42.84 million,
from RM22.41 mil-
lion.
M ON DAY N OVEM B ER 2 , 2 0 1 5 • TH EEDGE FI N AN C I AL DAI LY
but I cannot speak on his behalf.”
Ling also said he is not aware of
any new major shareholder enter-
ing the company.
On its part, SHH Resources is
continuing its acquisition drive,
with a focus on smaller, unlisted
furniture players in the country. As
at June 30, its cash and cash equiv-
alents stood at RM24.08 million.
Ling said SHH Resources has
initiated talks with several unlist-
ed furniture players and expects to
finalise an acquisition in the next
three to four months.
“We are looking at [acquiring]
smaller players in the industry who
manufacture products that we are
not manufacturing at the moment.
For example, if they offer products
like sofa sets and chairs made from
materials different than our own,
then we can set up an outdoor fur-
niture division and immediately
supply to our customers,” he added.
The company is also looking to
expand its business overseas, in-
cluding the Middle East, Europe,
Australia and the United Kingdom.
Ling said to meet increased de-
mand, SHH Resources is allocating
RM5 million as its capital expend-
iture for the financial year ending
June 30, 2016 (FY16), to expand its
capacity by 20% to 30%.
“We still have 40 acres (16.19ha)
of unused land at our existing fa-
cility in Pagoh, Muar, Johor, for
expansion,” he added.
SHH Resources saw its net profit
Pang said since Sanichi’s (fun-
damental: 0.9; valuation: 1.5) man-
ufacturing business is still viable,
the management has no plan to
divest it even when the property
division starts contributing.
“No doubt the property project
is going to give us substantial in-
come, but I think there is no harm
to have a diversified business port-
folio,” he said.
Notably, Pang is also the manag-
ing director of another listed enti-
ty, DGB Asia Bhd, and has a 3.68%
stake in the automated identifica-
tion solutions provider.
The 42-year-old revealed that
Sanichi’s management is currently
eyeing a piece of land measuring
1.2ha to 1.6ha in Selangor for
the group’s second high-rise
Pang: It’s not just
the foreign exchange
gain. Since it is
cheaper for our
European client to
import, they are
increasing their
orders with us
now. Photo by
Patrick Goh
drop 20% to RM6.58 million in FY15
from RM8.23 million the previous
year, partly due to a one-off RM2
million gain on disposal of prop-
erty in Muar in FY14.
Ling said excluding the one-off
item, the company posted a better
profit in FY15.
On a quarterly basis, the com-
pany’s net profit more than dou-
bled to RM3.76 million for the
three months ended June 30, 2015
(4QFY15), from RM1.71 million in
4QFY14, on higher revenue and as
it benefited from a strong US dollar
against the ringgit.
Looking at its performance in
4QFY15, Ling said SHH Resources
may well register strong double-dig-
it earnings growth in FY16 with the
recovery in the US economy and the
strong US dollar, which are more
than enough to offset rising labour
and raw material costs.
This in turn will support “better”
dividend payouts, he added.
Indeed SHH Resources (funda-
mental: 2.5; valuation: 0.8) is well
placed to benefit from the strong US
dollar against the ringgit, Ling said,
expecting the company’s earnings
and dividends to remain strong for
at least the next three years.
Ling noted that the company’s
dividend payout of 10 sen per
share for FY15 was its highest to
date. “Going forward, we should
be able to maintain this dividend
payout to our shareholders, if not
higher.”
development project, and has al-
located funds for the acquisition.
Sanichi’s FY15 audited account
showed that its cash and bank bal-
ances stood at RM24.59 million.
Pang, who is also Sanichi’s
founder, has a 4.87% stake in the
group, of which 1.12% was bought
in September.
The group’s largest shareholder
is currently Pelaburan MARA Bhd
with 11.09% stake, followed by Mah
Wee Hian @ Mah Siew Kung who
holds 10.68% stake, according to
filings with the bourse.
The group’s net asset per share
as at June 30, 2015, was 11.8 sen.
Its counter closed half a sen low-
er last Friday at 6.5 sen, giving it a
market capitalisation of RM74.39
million.
The Edge Research’s fundamental
score reflects a company’s profitabil-
ity and balance sheet strength, cal-
culated based on historical numbers.
The valuation score determines if a
stock is attractively valued or not,
also based on historical numbers.
A score of 3 suggests strong funda-
mentals and attractive valuations.
Go to www.theedgemarkets.com for
more details on a company’s finan-
cial dashboard.
M ON DAY N OV E MB E R 2, 2015 • T HEED G E FINA NCIA L DA ILY
7
8 HOME BUSINESS
Vale Malaysia sees
higher revenue
with new hub
It has also secured Malaysian customers
BY C H EN SHAUA F UI
LUMUT: Vale Malaysia Miner-
als Sdn Bhd — a unit of Brazilian
mining giant Vale SA, the world’s
largest iron ore producer — has
seen revenue contribution from
Asian markets rise from 49.2%
in the first quarter ended March
31, 2015 (1QFY15) to 53.6% in
3QFY15, thanks to the opening
of its Teluk Rubiah Maritime Ter-
minal iron ore distribution hub in
Lumut, Perak.
China is its biggest Asian cus-
tomer and revenue contribution
from the country rose to 38.6% of
its 3QFY15 revenue, compared
with 30.3% in 1QFY15, as the Teluk
Rubiah hub, which began opera-
tions in Oct 1, 2014, had shortened
the shipping time of its iron ore to
China to 10 days (from Malaysia).
Previously, it needed an av-
erage 30 to 40 days to ship from
Brazil, according to the company’s
latest quarterly financial report.
Vale Malaysia managing direc-
tor Efrem Daumas said the compa-
ny had also brought a new product
— a blend of two different types
of iron ore from Brazil — to Asia
through its Teluk Rubiah hub.
Although China is the compa-
ny’s biggest Asian market, the re-
gional hub is also aimed at serving
Southeast Asian markets, includ-
ing Malaysia, from where it has
managed to secure An Joo Steel
Bhd and Eastern Steel Sdn Bhd
as new customers.
“From here, we make products
available not only for China but
Southeast Asia — it is a regional
hub. Of course, China is an im-
portant client, [but] we also have
clients in Malaysia,” Daumas said
in response to whether Vale aims
to expand in other Asian markets
apart from China.
It is understood that An Joo
Steel, a subsidiary of Anjoo Re-
sources Bhd based in Penang, to-
gether with Eastern Steel, were
secured as customers this year,
but Daumas did not elaborate.
Meanwhile, the new product,
which blends Brazil’s southern ore
with those found in the north, has
received excellent feedback so far.
“The feedback from our clients
is excellent. They are happy with
what they have received and we
are happy with what we are offer-
ing,” Daumas said.
Vale Malaysia has plans to ex-
pand the Teluk Rubiah hub, which
currently has a throughput ca-
pacity of 60 metric tons per year
(MTY) and can only accommodate
one Valemax ship, a very large
ore carrier which can carry up to
Daumas: The feedback from our clients
is excellent. They are happy with what
they have received and we are happy
with what we are offering.
400,000 dead-weight tonnes, and
an export ship.
It aims to reach a throughput
capacity of 200MTY, which will
have three import berths for three
Valemaxes, though this will be de-
pendent on demand for iron ore
in the region. As such, no speci-
fied time frame for the expansion
plan was given.
Meanwhile, Daumas shared
that during the company’s one-
year operation in Malaysia, it had
been building up a local workforce
that can operate the company’s
system.
“We have come to one year’s
operation here now, and we are
developing very well in terms of
the aims that we have set when we
started the operation here.
“We are getting there [to a lo-
cal workforce that can operate
our system], [and] we are happy
at the state we have achieved. We
have a team here, with more than
95% who work at Vale [Malaysia]
being local people from Manjung
(Perak),” Daumas said at a press
conference after the official open-
ing of the Vale Eco Centre (VEC)
here on Saturday.
The group also signed a 10-year
memorandum of understanding
with local environment group Ma-
laysian Nature Society to conserve
the environment in Manjung and
to educate the public about envi-
ronmental preservation.
However, Daumas said the
company does not aim to mone-
tise the VEC, which will be open to
From here, we make
products available
not only for China but
Southeast Asia — it
is a regional hub. Of
course, China is an
important client, (but)
we also have clients in
Malaysia.
the public for free as an additional
ecotourism spot, as the company
deems the VEC as part of its cor-
porate social responsibility (CSR)
programme.
On how much was spent on
conservation, Vale Malaysia coun-
try manager Andre Kopperschmidt
did not state a figure, but explained
that the allocation came from the
parent company and part of Vale
Malaysia’s own operation budget
for the CSR initiative.
Vale Malaysia has also pledged
to reserve 60% of the total 1,196
acres (484ha) of forested land it
owns in Manjung — one of the
last four coastal forests in Penin-
sular Malaysia — for environment
preservation.
Asked if the pledge was legally
binding, Perak state committee
chairman for industries, invest-
ment and corridor development
Datuk Mohamad Zahir Abdul
Khalid, who was also present at the
press conference, said although
the land is privately owned, the
state can decide the land use.
“Lands are state matters.
Even though the land is private-
ly owned, the use of the land is
governed by state regulations.
“For instance, even if you own
the land, if the state specifies that
this land is to be preserved as a
forest, you cannot simply chop
off trees or quarry mines. If Vale
[Malaysia] wants to chop off a tree,
they need to get specific approv-
al from the state,” Mohamad Za-
hir said.
Vale Malaysia spent US$1.37
billion as its initial investment in
the Teluk Rubiah hub, the largest
investment secured by the Perak
state government to date, which
helped expand the state’s gross
domestic product to 7.2% in 2013
and 5% in 2014, according to Perak
Investment Management Centre
chief executive officer Datuk Mu-
hammad Hafni Ibrahim, who also
attended the event.
M ON DAY N OVEM B ER 2 , 2 0 1 5 • TH EEDGE FI N AN C I AL DAI LY
Key Asic readies for
its first bite of IoT pie
BY G H O C H E E Y UA N
KUALA LUMPUR: The emergence
of the Internet of Things (IoT), in
which everyday objects have net-
work connectivity to send and re-
ceive data, is transforming the way
businesses are conducted, and lit-
tle-known semiconductor design
company Key Asic Bhd is readying
itself to grab a bite of the estimat-
ed US$1.7 trillion (RM7.24 trillion)
IoT industry.
It launched two main products
last month: Its SPG1-01 chip (which
has already been shipped to Leno-
vo Group Ltd and Toshiba Corp for
their respective wireless cards) and
the Wi-Fi micro secure digital (mi-
cro SD) card known as K-Card for
WiFi-enabled electronic devices.
The K-Card is also touted to be
the world’s fastest WiFi SD card
today, and is capable of running
at real-time programmable multi-
ple-clock speeds of up to 200MHz.
Perhaps in anticipation of the
launches, Key Asic’s share price
rallied in early September, tripling
from eight sen on Sept 4 to 24 sen
on Sept 10. Last Friday, the stock
closed unchanged at 20 sen, but was
heavily traded with some 19.44 mil-
lion shares done. In comparison, its
trading volume was only averaging
774,976 shares in the last 200 days.
Key Asic is looking to launch two
more products, the SPG1-02 chip
and the K-Drive, a portable WiFi
personal backup Universal Serial
Bus (USB) device that can back up
personal data even without Internet
connection, to round up its stable
of key products that could create an
entire IoT ecosystem.
It is interesting to note that sov-
ereign wealth fund Khazanah Na-
sional Bhd has a 20.7% stake in Key
Asic — taken up since 2012 — while
the company’s largest shareholder
now is Key Asic Ltd, with a total
stakeholding of 40.61%.
“The microchips (SPG1-01 and
SPG1-02) we produce have the abil-
ity to offer online diagnostic services
through the cloud for IoT devices or
appliances, one of the areas that are
fast growing,” Key Asic non-execu-
tive chairman and chief executive
officer Eg Kah Yee told The Edge
Financial Daily in an interview re-
cently.
“Household appliances such as
air conditioners, factory equipment
or machinery, and hospital equip-
ment or devices can all be connected
to the cloud for regular online diag-
nostics on a regular basis.
“This means the manufacturers
of the equipment can have real-time
status of the usage conditions of the
equipment deployed,” Eg explained.
“IoT devices need more than just
a USB [slot and cable]. It needs WiFi
or 3G or 4G connection to the cloud,
and also an app-cloud platform,
where customers can develop their
applications [for both desktops and
mobile devices],” he added.
As for the K-Card and K-Drive,
with them, “users can now directly
transfer data from their cameras to
other devices, such as smartphones
or laptops, for uploading to their
social networking accounts or web
storage”, said Eg.
The group estimated that about
50 million digital cameras are
shipped a year. The two products
will allow the company to tap into
the digital camera market.
The local retail price of the K-Card
is comparable to the prevailing mar-
ket rate of micro SD cards, which is
about RM140 per piece.
Meanwhile, Key Asic’s SPG1-01
chips are already being shipped to
Toshiba for use in its TransferJet
cards, and to Lenovo for the manu-
facturing of its Wi-Fi SD cards. Over
the past two years, Key Asic shipped
about 1.2 million pieces of the chip
to the two tech giants.
“We officially launched the
K-Card last week (early October),
while for the SPG1-02 and K-Drive,
we will start shipping [them] by [the]
end of the year,” Eg said.
Key Asic is also readying its
K-Cloud, a cloud platform for IoT
applications, to be offered to com-
plete its full IoT solution range.
“This will greatly accelerate the
time to market to our customers a to-
tal IoT solution offering,” he added.
Besides the information and
communications technology sec-
tor, Eg said the group is also trying
to push for its microchips to be used
in medical devices approved by the
Food and Drug Administration, such
as Bluetooth blood pressure mon-
itors, electrocardiograms, glucose
meters and oximeters.
“The microchips can also be used
in wearable devices for fitness and
healthcare, which allow doctors to
keep track of their patients in real
time,” he said.
Financially, Key Asic, which sells
its products locally and in Taiwan,
narrowed its net loss to RM8.07 mil-
lion in the six months ended June
30, 2015 (2QFY15) from RM9.37
million in the same period a year
ago.
Turnover improved 30.85% to
RM9.24 million from RM7.06 mil-
lion a year ago — with the Taiwan-
ese market being its biggest revenue
driver — primarily due to higher
demand for its engineered prod-
ucts from both recurring and new
customers.
The company has been in the red
since FY10, with accumulated loss-
es of RM30.22 million as at June 30,
primarily due to research and devel-
opment of the four products. With
the launches, it expects to return to
the black in the next financial year.
Going forward, Eg said the com-
pany intends to manufacture mi-
crochips that are low in power con-
sumption to address the battery life
issue, which has been a constant
concern of smart device users.
“As we are moving into [the] IoT,
evertything will be connected to the
cloud. The battery life [issue] has re-
mained a major concern. It would
be inconvenient for users to keep
looking for charging ports.
“We plan to develop an ultra
low-powered microchip that is de-
signed for the IoT, with [a] battery
life lasting up to maybe six months
with a single charge,” Eg said.
Key Asic’s last closing price of
20 sen gives it a market value of
RM163.21 million, more than three
times from just over a month ago.
M ON DAY N OV E MB E R 2, 2015 • T HEED G E FINA NCIA L DA ILY
Local companies should
not fear TPP, say experts
Deal provides level playing field as everyone has to play by the same rules
BY A ZRI L A N N UA R
KUALA LUMPUR: Although there
are concerns that the Trans-Pacific
Partnership (TPP) agreement will
be disadvantageous to Malaysia,
industry experts say the trade deal
will actually achieve the reverse
and give Malaysian companies a
level playing field as everyone has
to play by the same rules.
Institute of Democracy and Eco-
nomic Affairs (Ideas) chief execu-
tive officer Wan Saiful Wan Jan said
under the deal, the rules remain
the same for all countries and in
fact, Malaysia is put at a huge ad-
vantage being one of the founding
members.
“There are fears that US-based
companies will come and dominate
us, that we will lose our sovereignty.
But we forget, all companies and
countries are subject to rules and
regulations [under the TPP] and
everyone has to behave in a pre-
dictable manner and the rules will
make sure everyone is equalised,”
he said at the Ideas’ forum “TPP:
Will America Bully Us?” on Saturday.
“And recently, [Indonesian] Pres-
ident Joko Widodo made an an-
nouncement that Indonesia is in-
terested to join the TPP while there
were elements here who wanted us to
leave the negotiating table as far back
as three years ago,” said Wan Saiful.
“What happened to us? We used
to be so confident. I am really dis-
appointed and frustrated about
this, about talks of other compa-
‘S’gor won’t be unseated as top GDP contributor soon’
BY A H MA D NAQ I B I DRIS
KUALA LUMPUR: Selangor, Malay-
sia’s most developed state and the
top contributor to the country’s gross
domestic product (GDP) in 2014 at
22.4%, is expected to remain the big-
gest contributor going forward as the
state has the most population in the
country, according to MIDF Research
economist Izzudin Yussof.
Last Friday, the Department of
Statistics (DoS) released statistics
on the country’s GDP contribution
by state for 2014. Selangor topped
the list, followed by the Federal Ter-
ritory of Kuala Lumpur at 15.1%, Sar-
awak (10.1%), Johor (9.3%) and Sa-
bah (6.5%).
“It is impossible for Kuala Lumpur
to exceed Selangor in terms of GDP
contribution in the next five years,”
Izzuddin said when asked to com-
ment on the ranking.
He also pointed out that while
Selangor’s GDP is currently at
RM227.1 billion, Kuala Lumpur, the
second-highest contributor to the
country’s economic growth, only
nies coming into Malaysia [and
affecting the business landscape].
“What about us going to oth-
er countries and taking over their
companies like how we took over
Guthrie (Kumpulan Guthrie Bhd)
and brought it back to Malaysia, or
companies like Petronas (Petro-
liam Nasional Bhd) competing on
a global level?” he said.
On Oct 5, the United States, Ja-
pan and 10 other Pacific Rim na-
tions including Malaysia reached
a final agreement on the largest
regional trade accord in history.
However, Malaysia will still need to
get Parliament’s nod before signing
the TPP agreement.
Nevertheless, Wan Saiful admit-
ted that it would be foolhardy for
Malaysia to simply enter into the
trade pact without preparing its
economy for upcoming competition.
“If we can’t change, it means
we’re not ‘man’ enough or strong
enough to take on everyone else.
We need to change and start to
prepare [for TPP]. I’m not saying
we should just take the bull by the
horns in a stupid way, no. We need
to be prepared for it.
“Currently the economy is domi-
nated by the government. You have
all seen what happens when one
company, whose name must not
be mentioned lest I be arrested, has
impacted the economy,” quipped
Wan Saiful.
“This is what happens when the
government wants to go into busi-
ness and stay in politics. If they
registered a GDP of RM152.4 billion.
Further, the state’s close proximity
to both the capital Kuala Lumpur and
the seat of administration in Putra-
jaya, coupled with the abundance
of projects and developments in the
Klang Valley, Selangor is bound to be
the main contributor to Malaysia’s
GDP, he added.
“Selangor also possesses the high-
est number of population in Ma-
laysia, where approximately 19% of
the Malaysian population resides in
Selangor, much higher than Johor at
second place with 12%, according
to the last population survey by the
DoS in 2010.
“Due to that, it is only to be ex-
pected that most of the economic
activities in Malaysia will be focused
in Selangor,” he noted.
The bulk of economic activities
in Selangor are contributed by its
services sector at 59.5%, followed by
manufacturing at 29.5%, construction
at 6.1%, agriculture at 1.7%, and con-
struction at 6.1%, with the remainder
from import duties.
In a statement last Friday, the
want to be in business, they should
leave politics, but it seems they
make more money from business
by being in politics,” he said.
Wan Saiful’s sentiments on be-
ing prepared for competition was
echoed by Mexican Ambassador to
Malaysia Carlos Isauro Felix Coron,
citing Mexico’s experience under
the North American Free Trade
Agreement (Nafta).
“Once you get into these kinds of
free trade agreements, there are rules
there. Everyone has to follow it. But
you have to be prepared. At the time
we entered Nafta, our textile indus-
try was nearly wiped out because
it wasn’t very productive and was
protected by government subsidies.
“These weren’t even rational
subsidies, just subsidies to main-
tain the status quo. Our industry did
not have modern technology and
we had low-skilled workers. But it
was a lesson learnt, [and] now our
textile players have adapted and
adopted,” said Corona.
“So Malaysia needs to review its
efficiency and competitiveness. If
you are not willing to invest, you
will face the same issues [as Mex-
ico back then],” he advised.
Despite the initial setback to its
textile industry, Corona believes
that the benefits of Nafta far out-
weigh the costs, seeing that Mexico
is now the 15th-largest economy
in the world where between 1994
and 2012 its trade with the US in-
creased fivefold to US$494 billion
in 2012 with a daily border trade
Economic growth and percentage share by state, 2014
Malaysia
WP KL*
Pulau Pinang
Melaka
2.5
Selangor
Johor
Terengganu
WP Labuan
Perlis
Kelantan
Sabah
Perak
Sarawak
Kedah
Pahang
Negeri Sembilan 2.8
0.0 1.0 2.0 3.0
Growth (%)
* Includes WP Putrajaya
** The sum is not equal to 100 due to Supra state
Sources: Dept of Statistics Malaysia
DoS said the top five states (Selan-
gor, Kuala Lumpur, Sarawak, Johor
and Sabah) contributed 63.4% of the
national economy, which saw six
states surpass the national growth
of 6%, namely Kuala Lumpur (8.4%),
Penang (8%), Melaka (7.6%), Selangor
(6.7%) and Johor (6.0%).
worth around US$1 billion.
Corona pointed out that,
post-Nafta, Mexico had also re-
duced its reliance as a commodities
exporter to include other industries
such as aerospace, automotive,
electrics, and electronics manu-
facturing.
The forum also brought about
Vietnam’s experience through the
lens of leading Vietnamese econo-
mist and former head of Vietnam’s
Central Institute for Economic
Management, Dr Le Dang Doanh.
“We already have a bilateral
trade agreement with the US, but
there were some incidences where
we had to deal with their lobby
groups. One was when their indus-
try players used the anti-dumping
laws against Chinese shrimpers.
“To strengthen their case, they
had included Vietnamese shrimp-
ers as well even though it had noth-
ing to do with us. It affected our
exports to the US and it was only
after the 2004 election and a lot of
petitions that the decision for Viet-
nam was reversed,” said Le Dang.
However, due to geopolitical
reasons, Vietnam is still keen on
joining the TPP despite having been
“bullied” by the US.
“Vietnam wants to join the TPP
because we need to reduce our
economic dependency on China.
In this respect, we are also looking
at other trade agreements including
with Europe. It is a bitter, but nec-
essary pill to take and our business
community wants it,” said Le Dang.
Percentage share (%)**
6.0
4.7
6.9
5.0
7.6
5.9
6.7
6.5
4.7
6.0
4.4
5.3
5.1
3.4
5.0
3.3
3.1
5.0
4.6
4.3
5.3
4.4
4.2
4.8
3.9
3.1
5.3
4.0 5.0 6.0 7.0
2014 2013
The main contributors to the
country’s economic growth was the
services sector with RM541.2 bil-
lion, followed by manufacturing with
RM232.9 billion, and the agriculture
sector with RM93 billion.
Selangor was the biggest contrib-
utor to the country’s services sec-
HOME BUSINESS 9
Miranda says that creative
executions, predicated on data
and insights, are critical in today’s
market. Photo by Sam Fong
Zenith
recognised
for marketing
excellence
KUALA LUMPUR: Media agen-
cy Zenith Malaysia has won
nine trophies at the recent Mar-
keting Excellence Awards held
last Thursday at the InterCon-
tinental Hotel Kuala Lumpur,
comprising three golds, three
silvers and three bronzes.
The golds it bagged were un-
der the categories of excellence
in corporate social responsi-
bility, excellence in video/TV
marketing and excellence in
mobile marketing.
The award wins came on
the heels of the agency’s earli-
er wins at the Malaysia Media
Awards, where it took home
eight awards in the highly com-
petitive non-fast-moving con-
sumer goods sector.
Zenith Group chief execu-
tive officer Gerald Miranda said
that creative executions, pred-
icated on data and insights,
were critical in today’s market,
and that the group was pleased
that its efforts in the area were
being recognised.
tor (25%) and manufacturing sector
(28.8%). Kuala Lumpur was the sec-
ond-largest contributor in the ser-
100.0
vices sector at 24.9%; Selangor and
8.4 15.1 Kuala Lumpur were the two largest
8.0 6.5
3.0
contributors to the country’s ser-
22.4 vices sector, with a combined share
9.3
2.7
of 49.9%.
9.2 0.5 Under the services sector, whole-
0.5
1.9
sale and retail trade activities were the
6.5 most significant contributors to most
5.4
10.1
states, with the exception of Tereng-
3.4 ganu and the Federal Territory of La-
4.3 buan, which were supported mainly
3.5
by utilities as well as the finance and
8.0 9.0 10.0
insurance subsectors, respectively.
Meanwhile, the country’s overall
manufacturing sector was backed by
the strong performance of electrical
and electronic products, particularly
in Penang, Selangor and Johor; Se-
langor topped the list as the biggest
sector contributor, Penang came in
second at 12.5%, followed by Johor
at 12.4% and Sarawak at 12%.
The DoS said motor vehicle and
transport equipment activity sup-
ported the manufacturing sector in
Selangor, Melaka and Pahang.
1 0 P R O P E RT Y S NA P S H T M ON DAY N OVEM B ER 2 , 2 0 1 5 • TH EEDGE FI N AN C I AL DAI LY

SOURCE: THEEDGEPROPERTY.COM

Shah Alam non-landed residential average price

Shah Alam Transitioning

• This week the spotlight falls on non-landed residential properties in
Shah Alam. Shah Alam is fairly large, with the areas covered in this study
spanning from Kayangan Heights and Alam Budiman in the north to
Kg. Lombong and Kg. Jalan Kebun in the south. The eastern boundaries
are the Guthrie Corridor Expressway and the ELITE Highway. The well-
known affluent townships of Setia Alam, Setia Eco-Park, Bukit Jelutong,
Kota Kemuning and Putra Heights are not included in this study.
• Based on theedgeproperty.com’s analysis of transactions, the average
price was RM209 per square foot (psf) in 3Q2014, a 15% fall from the
peak of RM246 psf in 2Q2014, but up 0.7% y-y from RM207 psf in 3Q2013.
• The average price had spiked in 4Q2013 and 2Q2014 on the back of an SOURCE: THEEDGEPROPERTY.COM

unusually large proportion of high-end transactions, particularly at Shah Alam non-landed residential volume
Indah Alam, Alam Idaman and Menara U. On the other hand, transaction
activity softened considerably in 2014, with the total transaction volume
for the 12 months to 3Q2014 declining 17% from 1,022 units to 848 units.
• Shah Alam has experienced its fair share of development activity in
recent years. One of the largest is the 70 acre i-City development.
• Some of the condominiums under construction include Alam Sanjung,
i-Residence, K3 Residensi, Metia Residence, Prins Hill Residences, and
V-Residensi 2. There expected to contribute over 2,300 new units.
• The local property market is set to receive a further boost from the
upcoming Bandar Utama-Klang LRT 3 line, which is due in 2020. Shah
Alam set to receive 7 new stations: Bukit Raja, I-City, UiTM, SIRIM,
Section 14, Persiaran Hishamuddin and Stadium.

Go to theedgeproperty.com for
The Analytics are based on the data available at the date of publication and may be subject to further revision as FREE transaction data, analytics, trend analysis,
and when more data is made available to us.
news, classified listings and more.

Hitachi looks to collaborate with Blackstone in talks to buy nearly 38%

stake in Taipei 101 tower operator
more Malaysian developers BY FAI TH HU NG

BY ROSEMA RI E KHOO M OHD SANI
TOKYO: Japanese multinational conglom-
erate Hitachi Ltd hopes to collaborate with
more property developers in Malaysia, and
propose an integrated solution in energy-sav-
ing technology and energy management
systems (EMS).
Chairman and chief executive officer
Hiroaki Nakanishi said the collaboration
with Sunway Group, signed in March, had
provided a better understanding to Hitachi
on the development landscape in Malaysia.
“We are quite new in starting various busi-
nesses with Sunway Group and it has taught
us a lot about current schemes for urban
development, for example, public-private
partnerships,” he added.
A memorandum of understanding was
signed with Sunway Group for a joint study
on energy-saving technology and EMS to
be implemented in commercial buildings,
facilities and condominiums in townships
owned or managed by Sunway Group, using
Hitachi’s expertise in energy technology.
“If there are opportunities to work with
other developers, we have no hesitation to
do so. We are willing to have an active rela-
tionship with them to learn more about the
industry,” he told reporters after delivering
his keynote address at Hitachi’s Social In-
novation Forum here last Thursday.
Earlier in his speech, Nakanishi said the
company’s social innovation, which is into its
sixth year, will continue to create new value
by achieving innovations through “collabo-
rative creation” with a variety of partners, in
the midst of ongoing changes to society and
business brought by the Internet of Things.
The forum also saw the transformation
of the future business of Hitachi’s Social In-
novation, which emphasises a comprehen-
sive solution as compared to the previous
commodity product business.
Nakanishi said Hitachi is also willing to
offer its expertise in other sectors to Ma-
laysia in its effort towards becoming a de-
veloped nation.
“Asean countries, including Malaysia,
If there are opportunities
to work with other
developers, we have no
hesitation to do so.
have been going through a lot of challeng-
es, and we would to like to contribute ap-
propriate solutions, apart from energy,”
said Nakanishi.
In the Asean region, Hitachi has a total
of 140 companies with 30,079 employees.
In Malaysia, it has 35 companies with 4,182
employees as of March.
Commenting on the business prospects
for Malaysia, he said there may be possible
cooperation as Energy, Green Technology
and Water Minister Datuk Seri Dr Maximus
Ongkili often meets him.
“The minister asked me why I don’t make
more visits to Malaysia, just like how China
has been doing (in terms of marketing),”
Nakanishi said.
He indicated that Malaysia’s development
is also an opportunity for Hitachi to further
deliver innovations that answer society’s
challenges. — Bernama
TAIPEI: Private equity firm Blackstone is
in talks to buy a nearly 38% stake in the
operator of the Taipei 101 tower, people
with direct knowledge of the matter said,
in a deal that could be worth up to US$700
million (RM2.98 billion).
The US firm has assured the Taiwan gov-
ernment that it will not use Chinese-backed
money to buy a stake in Taipei Financial
Center Corp (TFCC), two sources said last
Tuesday. TFCC’s Taipei 101 is among the 10
tallest buildings in the world. The stake will
be sold by Taiwanese food conglomerate
Ting Hsin International Group.
“Blackstone has checked the private
equity fund it would use to buy the poten-
tial stake. No Chinese investors are in this
fund,” said one of the sources. “I have pro-
vided them a certification.”
Blackstone’s move to check funding Filepic of Taipei 101. Blackstone is in talks to buy
sources underscores the Taiwan govern- a stake in the operator of the tower. Photo by
ment’s concerns that the island’s economy Reuters
will be overly influenced by Chinese-backed
capital. Taipei and Beijing remain political
foes even though cross-strait trade ties have An external spokesman for Blackstone
improved to their warmest levels in more in Hong Kong declined to comment. Ting
than six decades since President Ma Ying- Hsin officials could not be reached for com-
jeou took office in 2008. ment. The sources declined to be identified
China sees Taiwan as a renegade prov- as the discussions are confidential.
ince, and has vowed to take it back by force The potential deal will probably get
if necessary. the green light from the finance ministry,
IOI Properties Group Bhd backed out of TFCC’s controlling shareholder, said one of
a proposal in March to buy a 37.17% stake the sources, adding that given Blackstone’s
in TFCC for US$751 million after the Taiwan good reputation, the ministry would ap-
government said it was opposed to foreign prove the deal if there are no special neg-
control of the landmark skyscraper. ative circumstances.
Taiwanese media said then that part of When contacted, an official at the finance
the government’s opposition to the deal was ministry said the ministry would “totally
based on suspicion that Chinese funding respect TFCC’s board decision”. The official
was involved in that bid. declined to elaborate further. — Reuters
M ON DAY N OV E MB E R 2, 2015 • T HEED G E FINA NCIA L DA ILY
ST O C KS W I T H M O M E N T U M 11
This column is an analysis done by Asia Analytica Sdn Bhd on the fundamentals of stocks with momentum that were picked up using proprietary algorithm by
Anticipatory Analytics Sdn Bhd and that first appeared at www.theedgemarkets.com. Please exercise your own judgment or seek professional advice for your specific
www.theedgemarkets.com
investment needs. We are not responsible for your investment decisions. Our shareholders, directors and employees may have positions in any of the stocks mentioned.

EUPE CORPORATION BHD (-ve) EUPE CORPORATION BHD FY13 FY14 FY15 FY2016Q2
(ALL FIGURES IN MYR MIL) 28/2/2013 28/2/2014 28/2/2015 31/8/2015
PROPERTY developer Eupe (Fundamental: through joint venture with landowners. It is
Financials
1.25/3, Valuation: 1.4/3) triggered our mo- scheduled to launch the first tower of its Bang-
mentum alert on active trade last Friday, sar South development, ‘Novum’, this month, Turnover 146.6 186.1 167.7 22.2
closing unchanged at 85 sen. with the other two towers by mid-2016. The EBITDA 29.5 23.4 22.2 2.3
Primarily involved in property develop- project has total gross development value Interest expense 1.6 1.5 1.4 0.4
ment and construction, Eupe is a leading (GDV) of RM550 million. Its next project — ‘The Pre-tax profit 25.0 20.5 18.4 1.1
township developer in Sungai Petani, Kedah. Weave’ in Cheras — with GDV of RM300 mil- Net profit - owners of company 14.8 13.6 13.5 1.1
The company also owns and manages the 18- lion, is expected to be launched in early-2016. Fixed assets - PPE 75.3 74.8 74.0 73.0
hole Cinta Sayang Golf and Country Resort in For 1HFYFeb2016, revenue fell 37.3% y-y to Total assets 327.4 323.3 323.4 329.4
Sungai Petani and built the town’s first high- RM58.5 million, while net profit dropped 57% Shareholders' fund 261.9 273.0 284.2 285.9
end condominiums within the resort. to RM1.8 million, due mainly to lower reve- Gross borrowings 53.1 57.7 45.6 45.8
Eupe is venturing into the Klang Valley nue from the property construction segment. Net debt/(cash) 25.4 35.6 28.8 30.3

EUPE CORPORATION BHD Valuation score* 1.40

Fundamental score** 1.25
TTM P/E (x) 10.41 EUPE CORPORATION BHD FY13 FY14 FY15 ROLLING 12-MTH
TTM PEG (x) (0.76) RATIOS 28/2/2013 28/2/2014 28/2/2015
P/NAV (x) 0.38 DPS ($) - 0.02 0.02 0.02
TTM Dividend yield (%) 1.76 Net asset per share ($) 2.05 2.13 2.22 2.23
Market capitalisation (mil) 108.80 ROE (%) 5.83 5.10 4.83 3.76
Shares outstanding (ex-treasury) mil 128.00 Turnover growth (%) 2.51 26.92 (9.90) (32.21)
Beta 1.09 Net profit growth (%) 126.07 (8.20) (1.21) (13.72)
Net margin (%) 10.12 7.32 8.03 7.87
12-month price range 0.67-0.93
ROA (%) 4.85 4.19 4.16 3.19
*Valuation score - Composite measure of historical return & valuation
Current ratio (x) 1.81 1.65 1.39 1.35
**Fundamental score - Composite measure of balance sheet strength
& profitability
Gearing (%) 9.72 13.06 10.15 10.60
Note: A score of 3.0 is the best to have and 0.0 is the worst to have Interest cover (x) 17.94 15.34 16.45 16.87

UNITED U-LI CORPORATION BHD (-ve) UNITED U-LI CORPORATION BHD FY12 FY13 FY14 FY2015Q2
(ALL FIGURES IN MYR MIL) 31/12/2012 31/12/2013 31/12/2014 30/6/2015
SHARES of ULICORP (Fundamental: 2.7/3, was mainly due to higher administrative
Valuation: 1.7/3) rose 1.4% to close at a one- expenses. Financials
year high of RM4.41 last Friday. Since the ULICORP’s production capacity is ex- Turnover 147.3 154.3 172.3 42.1
stock was first picked by our momentum pected to double once its two new plants EBITDA 27.6 30.4 36.3 7.3
algorithm in March, it has surged by 93%. in Nilai are completed by year-end. It has Interest expense 1.0 1.2 0.7 0.1
To recap, ULICORP manufactures and earmarked about RM22 million for the pur- Pre-tax profit 22.5 24.5 30.8 6.1
trades cable support and management sys- chase of new machinery and equipment at Net profit - owners of company 17.0 16.6 23.2 4.6
tems, integrated ceiling systems, building the new plants. The funds were raised from Fixed assets - PPE 50.3 63.5 66.3 71.8
materials and light fittings. a RM46.2 million private placement that has Total assets 181.2 192.8 206.1 207.5
For 1H2015, revenue dropped 1.9% y-y been completed on August 21. The place- Shareholders' fund 179.6 191.2 205.2 206.6
to RM86.3 million while net profit fell 9.7% ment involved the issuance of 13.2 million Gross borrowings 19.6 22.2 18.4 23.2
to RM9.3 million. The drop in margins new shares at RM3.50 per share. Net debt/(cash) (30.1) (29.5) (49.7) (39.2)

UNITED U-LI CORPORATION BHD Valuation score* 1.70

Fundamental score** 2.70
TTM P/E (x) 28.44 UNITED U-LI CORPORATION BHD FY12 FY13 FY14 ROLLING 12-MTH
TTM PEG (x) 1.19 RATIOS 31/12/2012 31/12/2013 31/12/2014
P/NAV (x) 3.06 DPS ($) 0.02 0.05 0.10 0.14
TTM Dividend yield (%) 2.99 Net asset per share ($) 1.36 1.45 1.55 1.42
Market capitalisation (mil) 631.62 ROE (%) 9.81 8.95 11.72 11.08
Shares outstanding (ex-treasury) mil 145.20 Turnover growth (%) 3.28 4.80 11.62 3.42
Beta 0.77 Net profit growth (%) 3.38 (2.58) 40.03 23.97
1.36-4.41 Net margin (%) 11.56 10.75 13.48 13.02
12-month price range
ROA (%) 9.73 8.87 11.65 11.01
*Valuation score - Composite measure of historical return & valuation
Current ratio (x) 4.84 4.79 4.72 4.10
**Fundamental score - Composite measure of balance sheet strength
& profitability
Gearing (%) - - - -
Note: A score of 3.0 is the best to have and 0.0 is the worst to have Interest cover (x) 28.02 26.23 49.98 33.28

WEIDA (M) BHD (+ve) WEIDA (M) BHD FY13 FY14 FY15 FY2016Q1
(ALL FIGURES IN MYR MIL) 31/3/2013 31/3/2014 31/3/2015 30/6/2015
WEIDA (Fundamental: 1.7/3 Valuation: 2.4/3), accounted for 54.3% and 26.5% of revenue,
triggered our momentum algorithm for the respectively. It is also involved in property Financials
first time last Friday. The stock closed 9 sen development, sewage treatment, waste man- Turnover 409.5 318.2 333.8 102.9
or 5.4% higher at RM1.77 on heavy volume, agement and quarry operations. EBITDA 68.0 52.5 50.9 19.1
despite absence of significant developments. For 1QFY2016, net profit surged 145.1% y-y Interest expense 4.4 5.3 5.9 1.4
Sarawak-based WEIDA is primarily in- to RM9.4 million on the back of a 48.7% revenue Pre-tax profit 41.6 31.6 29.2 13.4
volved in the manufacturing of polyethyl- growth to RM102.9 million. This was mainly Net profit - owners of company 153.9 22.1 17.4 9.4
ene-based building materials, and construc- contributed by higher sales from construc- Fixed assets - PPE 84.9 91.4 105.6 103.6
tion of telecommunication towers and water & tion and property segments. Net debt stood Total assets 484.3 434.7 459.5 478.4
wastewater treatment plants. For FYMar2015, at RM17.5 million at end-June, compared to Shareholders' fund 333.1 350.5 379.0 388.4
the manufacturing and construction segments a net cash of RM94.6 million in FY2013. Gross borrowings 198.7 155.5 111.5 129.7
Net debt/(cash) (94.6) (89.9) (64.7) 17.5
WEIDA (M) BHD Valuation score* 2.40
Fundamental score** 1.70
TTM P/E (x) 9.28 WEIDA (M) BHD FY13 FY14 FY15 ROLLING 12-MTH
TTM PEG (x) 0.19 RATIOS 31/3/2013 31/3/2014 31/3/2015
P/NAV (x) 0.55 DPS ($) 0.04 0.03 0.03 0.03
TTM Dividend yield (%) 1.79 Net asset per share ($) 2.62 2.76 2.99 3.06
Market capitalisation (mil) 213.18 ROE (%) 58.13 6.48 4.78 6.39
Shares outstanding (ex-treasury) mil 126.89 Turnover growth (%) 32.29 (22.28) 4.91 22.76
Beta 1.10 Net profit growth (%) 291.10 (85.61) (21.34) 48.31
1.22-1.76 Net margin (%) 37.58 6.96 5.22 6.25
12-month price range
ROA (%) 35.01 4.82 3.90 5.08
*Valuation score - Composite measure of historical return & valuation
Current ratio (x) 2.53 2.45 2.92 2.74
**Fundamental score - Composite measure of balance sheet strength
& profitability
Gearing (%) - - - 4.51
Note: A score of 3.0 is the best to have and 0.0 is the worst to have Interest cover (x) 15.50 9.91 8.63 10.88
1 2 I N V E ST I N G I D E A S M ON DAY N OVEM B ER 2 , 2 0 1 5 • TH EEDGE FI N AN C I AL DAI LY

BROUGHT TO YOU BY Note: This report is brought to you by Asia Analytica Sdn Bhd, a licensed investment adviser. Please exercise your own
judgment or seek professional advice for your specific investment needs. We are not responsible for your investment
www.theedgemarkets.com
decisions. Our shareholders, directors and employees may have positions in any of the stocks mentioned.

I N S I D E R A S I A’S S TO C K O F T H E D AY COCOALAND HOLDINGS BHD FY12 FY13 FY14 FY2015Q2

(ALL FIGURES IN MYR MIL) 31/12/2012 31/12/2013 31/12/2014 30/6/2015
„ SECTOR FOCUS: FOOD AND BEVERAGE
Income Statement
COCOALAND HOLDINGS BHD Turnover
EBITDA
223.2
36.7
254.4
40.7
260.8
41.2
61.7
12.7
MALAYSIAN snack and confectionary companies Cocoaland is also a beneficiary of the strong- Depreciation 9.6 11.8 10.8 2.6
have made their mark on the region. With their low- er USD, with some 60% of sales derived from ex- EBIT 27.1 28.8 30.4 10.1
cost based operations, trusted brands and product in- ports. Meanwhile, the price of sugar — a key raw Associates - - - -
novation, they hold a competitive advantage against material — has declined by 10.8% year-to-date. Interest income 0.9 0.4 0.3 0.3
expensive products from developed countries. For 1H2015, net profit surged 98.2% y-o-y to Interest expense 0.0 0.0 0.0 -
As a result, export sales are rising, while the RM15.6 million, while sales grew 4.1% to RM129.4 Extraordinary gain/(loss) - - - -
ringgit’s depreciation and lower commodity costs million. With capacity utilisation running at only Pre-tax profit 28.0 29.3 30.6 10.4
are boosting earnings, making many of these 50% due to the major expansion exercise, there is Net profit - owners of company 21.2 22.1 21.9 7.5
stocks attractive growth and dividend plays, yet ample room for future sales and margins to improve. Balance sheet
with defensive qualities. Cocoaland’s share price has done very well
Fixed assets - PPE 118.7 146.9 139.1 134.9
Cocoaland (Fundamental: 2.8/3, Valuation: since we first recommended the stock on October
Biological assets - - - -
1.7/3) is one such company. It mainly manufactures 29, 2014, rising a whopping 104.7% to RM2.90 last
Intangibles & goodwill - - - -
fruit gummy, hard candy, chocolates, cookies, and Friday. Despite the sharp rise, we continue to like
Cash and equivalents 26.1 23.9 31.3 61.8
beverages under its own brand names — including the company. Valuations remain attractive at trail-
Total current assets 118.6 105.1 122.5 144.3
Lot100, Cocopie, Mum’s Bake, Koko Jelly and Fruit 10. ing 12-month P/E of 16.8 times and 2.2 times book
ST borrowings - - - -
As Malaysia’s sole producer of fruit gummy, it — relative to our forecast of strong double-digit
Total current liabilities 38.1 39.4 35.7 40.6
commands high gross margin of about 30%. Fruit earnings growth this year.
Total assets 199.2 212.6 226.0 238.6
gummy accounts for about 38% of sales. Sales and Going forward, dividends are expected to in-
Shareholders' fund 196.2 207.6 218.3 229.7
margins are expected to grow with the completion crease, in line with projected earnings growth.
Long term borrowings - - - -
of its recent aggressive expansion exercise, which Cocoaland has already paid dividends totalling
saw capacity increase by 160% for fruit gummy 22.5 sen per share (including 20 sen special divi-
and 260% for hard candy. dend) for 1H2015, giving an attractive yield of 7.8%.

COCOALAND HOLDINGS BHD Valuation score* 1.70

Fundamental score** 2.80
TTM P/E (x) 17.03 COCOALAND HOLDINGS BHD FY12 FY13 FY14 ROLLING 12-MTH
TTM PEG (x) 0.46 RATIOS 31/12/2012 31/12/2013 31/12/2014
P/NAV (x) 2.20 DPS ($) 0.06 0.07 0.08 0.28
TTM Dividend yield (%) 9.35 Net asset per share ($) 1.14 1.21 1.27 1.34
Market capitalisation (mil) 504.50 ROE (%) 11.03 10.92 10.29 13.69
Shares outstanding (ex-treasury) mil 171.60 Turnover growth (%) 28.28 14.00 2.48 5.82
Beta 0.27 Net profit growth (%) 10.56 3.92 (0.60) 37.14
12-month price range 1.26-2.94 Net margin (%) 9.51 8.67 8.41 11.14
ROA (%) 10.94 10.71 9.99 13.30
*Valuation score - Composite measure of historical return & valuation
Current ratio (x) 3.11 2.67 3.43 3.55
**Fundamental score - Composite measure of balance sheet strength
& profitability Gearing (%) - - - -
Note: A score of 3.0 is the best to have and 0.0 is the worst to have Interest cover (x) 22,908.31 21,351.63 22,244.26 25,420.00

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M ON DAY N OV E MB E R 2, 2015 • T HEED G E FINA NCIA L DA ILY
B R O K E R S’ C A L L 13

Office segment a drag Karex to launch its own brand of

condom in Malaysia next month
Karex Bhd tion to share the benefits with

for Sunway REIT on

(Oct 30, RM3.50)
Maintain buy with a higher tar-
get price (TP) of RM4.08: We
came away feeling more optimistic
about Karex Bhd’s prospects after
its clients. We forecast that net
margins would improve to 25.2%
for the quarter (4QFY15: 22%)
and earnings to come in around
RM20 million to RM21 million.

high vacancy rate

our recent company visit. We re- We also understand that
iterate our “buy” recommenda- the turnaround of recently ac-
tion and revise our TP to RM4.08 quired Medical Latex Dua Sdn
(from RM3.58, 19% upside). In Bhd (MLD) is likely to be faster
particular, we expect better first than anticipated. While initial-
quarter ended Sept 30 (1QFY16) ly guiding to break even within
earnings to be 18% to 21% high- 12 months, management is now
er quarter-on-quarter (q-o-q) on confident of a turnaround within
Sunway Real Estate Sunway REIT the back of better-than-anticipat- three months after bringing down
Investment Trust ed operating efficiency improve- costs. This was with the centrali-
(Oct 30, RM1.53) FYE JUNE (RM MIL) 2014A 2015E 2016E 2017E ments, favourable product mix sation of raw material purchases
Maintain hold with an unchanged Revenue 462.4 512.9 533.9 555.1 and a stronger US dollar. We be- and increasing operational utili-
target price (TP) of RM1.60: The NPI 351.2 387.2 402.2 424.4 lieve that the increased operating sation to 70%.
first quarter ended Sept 30 2015 Net invest income 353.7 390.1 405.4 427.9
efficiency was primarily led by At acquisition, MLD had 40%
(1QFY16) gross revenue of RM121.2 Karex’s automation drive and the utilisation. Karex is also to launch
Net profit 248.3 277.5 287.5 304.3
million (+6.5% year-on-year [y-o-y], realisation of greater cost scales. the ONE condom in Malaysia in
5.5% quarter-on-quarter) was trans- EPU (sen) 8.4 9.4 9.7 10.2 The company also guided for December, marking the expansion
lated into normalised net profit EPU growth (%) 5.7 6.5 11.2 3.1 a more favourable product mix of its own brand manufacturer am-
of RM64.5 million (+1.6% y-o-y), Norm PER (x) 17.7 15.9 15.4 14.6 resulting in improved margins, bitions in the Asia-Pacific region.
accounting for 23.2% and 23% of FD PER (x) 17.7 15.9 15.4 14.6 citing examples of tender orders We update our financial year
Hong Leong Investment Bank and EV/Ebitda (x) 19.2 17.7 17.4 16.8 with preference for less plain va- ending June 30, 2016 (FY16),
consensus financial year forecasts, DPU (sen) 8.9 9.9 10.2 10.7
nilla condoms (eg, more colour- FY17 and FY18 US dollar forex
respectively. ed condoms). The US dollar has assumptions to 4.27/4.30/4.27
Distb yield (%) 6.0 6.6 6.8 7.2
We consider this to be in-line as also appreciated by 10.9% q-o-q respectively. Coupled with Ka-
we expect gradual improvement BVPS (RM) 1.3 1.2 1.2 1.2 against the ringgit. rex’s latest margins experience,
in occupancy rate at Sunway Pu- P/BV (x) 1.2 1.2 1.2 1.2 Recall that Karex retains the we upgrade our FY16 to FY18
tra Mall. First interim dividend of Source: HLIB prerogative on any forex savings earnings forecast by 11% to 14%.
2.12 sen was declared (1QFY15: as it does not have any obliga- — RHB Research Institute, Oct 30
2.28 sen). and Sunway Putra Hotel. Howev- in FY16 due to high vacancy rate,
The retail segment continued er, performance of Sunway Hotel anticipated longer time as well as Karex Bhd
to drive Sunway Real Estate In- Seberang Jaya has been lacklustre increasingly high cost to secure
FYE JUNE (RM MIL) 2014 2015 2016F 2017F 2018F
vestment Trust (REIT)’s earnings during the quarter owing to soft new tenancies in an oversupply
growth, primarily from resilient market demand and intense com- and weak market environment. Total turnover 285 298 435 602 709
performance of Sunway Pyramid petition from new hotels. Sunway REIT has the largest ac- Reported net profit 45 60 94 117 146
shopping mall (+4.1%) and SunCity Data from the Malaysian Asso- quisition pipeline amongst Malay- Recurring net profit 45 60 94 117 146
Ipoh (+0.0%) as well as improved ciation of Tour and Travel Agents sian REITs with strong backing from Recurring net profit
performance of newly opened Sun- show that tourist arrivals and out- its sponsor. The REIT is well-diver- growth (%) 55.6 31.8 57.7 24.5 25.2
way Putra Mall (+1,746.4%). This bound declined by 30% in first half sified across various segments with Recurring EPS (RM) 0.13 0.11 0.14 0.17 0.22
has partially offset the marginal of 2015 despite various measures low tenant concentration, and syn- DPS (RM) 0.03 0.00 0.04 0.04 0.05
decline in performance at Sun- introduced to encourage tourist ergy with its sponsor’s townships. Recurring PER (x) 25.6 30.9 24.4 19.6 15.7
way Carnival Mall (-1.1% y-o-y). arrivals in Malaysia. Negatives are that it is still heavily P/BV (x) 6.22 5.31 5.29 5.03 4.57
Despite having moderate growth, The office segment is still in the reliant on Bandar Sunway, which P/CF (x) 30.6 38.8 17.7 17.0 15.4
management remains cautious on red (Menara Sunway -2.4%, Sun- will take time to change, and per- Dividend yield (%) 0.7 0.0 1.0 1.3 1.6
retail outlook on the back of weak way Tower -61.3%, Sunway Putra sistent weakness in the office seg- EV/Ebitda (x) 18.5 23.9 16.9 13.6 11.0
consumer sentiment and challeng- Tower -65.1%) primarily due to ment due to oversupply of new
Return on average
ing operating environment for some non-renewal by anchor tenants. office space. equity (%) 22.5 18.2 21.7 26.3 30.5
retailers which could potentially This has been partially mitigated Targeted yield is 6.2% based on Net debt to equity (%) net cash net cash net cash net cash net cash
dampen occupancy rates. by contribution of newly acquired historical average yield spread of
Our vs consensus
Sequentially, occupancy for ho- Wisma Sunway (+100%). Sunway REIT and seven-year Ma- EPS (adjusted) (%) - - 13.3 14.4 16.6
tel segment has improved — nota- Management shared that of- laysian government securities. —
Source: Company data, RHB
bly at Sunway Resort Hotel & Spa fice segment will remain a drag Hong Leong IB Research, Oct 31

Gadang Holdings to have record earnings in FY16

Gadang Holdings Bhd
(Oct 30, RM1.64)
Maintain buy with an unchanged
target price (TP) of RM1.98: Ga-
dang Holdings Bhd recorded
RM149.4 million revenue and
RM20.9 million net profit for the
first quarter ended Aug 31, 2015
(1QFY16), with both revenue and
net profit decreasing 12.4% and
16.9% quarter-on-quarter (q-o-q)
but increasing 12% and 116.4%
year-on-year (y-o-y) respectively.
The lower quarter revenue and net
profit were due to slow progress in
the construction segment. On an-
other note, 1QFY16 net earnings
increased 116.4% y-o-y due to high-
er property recognition progress in
this quarter.
The three months ended Aug
31, 2015 (3MFY16) revenue and
net profit met 20% and 32% of our
top-line and bottom-line forecast
for the financial year ending May
31, 2016 (FY16) respectively. The
strong earnings were contributed
by the robust performance in the
property segment.
The construction segment
marked RM105.7 million revenue
and RM8.3 million profit before tax
(PBT) for 1QFY16, slid 19.5% and
64% q-o-q as site preparation works
in refinery and petrochemical in-
tegrated development (Rapid)’s
projects are tapering off as they
reach tail-end stages.
The newly clinched project, Rapid
Package 14-0301, only commenced
last month. We believe the low PBT
margin of 7.8% (decreased 9.7 points
q-o-q) was due to higher portion of
Mass Rapid Transit package V2’s
progress being recognised which
bogged down the segment margin
as the MRT job has a lower margin
compared to Rapid’s projects.
Going forward, the newly
clinched project will act as a key
Gadang Holdings Bhd incurred is mainly land cost. In fu-
ture, the property segment is un-
Q-O-Q Y-O-Y derpinned by its unbilled sales of
FYE MAY (RM MIL) 1QFY16 4QFY15 1QFY15 (%) CHG (%) CHG
RM189 million with revenue visibil-
Revenue 149.4 170.5 133.4 -12.4% 12.0% ity over 1.57 times of FY15 revenue
Profit before tax 28.9 33.0 12.7 -12.5% 127.2% of the property segment.
Net profit 20.9 25.1 9.6 -16.9% 116.4% The utility segment recorded
Profit before RM5 million revenue and RM1.1
tax margin (%) 19% 19% 10% 0.00 9.8ppt million PBT for 1QFY16, increasing
Net Profit Margin (%) 14% 15% 7% -0.01ppt 6.7ppt
20.7% and 14.5% q-o-q respectively.
The improvement was contributed
EPS 9.6 16.0 4.1 -39.8% 134.4% by the newly acquired subsidiary,
Source: Company, JF Apex PT Dewata Bangun Tirta. It has
proposed first and final single tier
earnings contributor. To date, the that comprised about 44% and dividend of five sen per share that
current outstanding order book for about 25% respectively of PBT for will go ex on Nov 26.
Gadang stands at RM634.15 million. the property segment in 1QFY16. FY16 will see record earnings for
The property segment record- Meanwhile, PBT margin’s surge to Gadang ie net earnings are expect-
ed RM38.2 million revenue and 43.6 percentage points (increased ed to grow strongly at 13.82% y-o-y
RM16.7 million PBT for 1QFY16, in- 13.1 percentage points q-o-q) in before normalising in FY17 with
creasing 10.8% and 58.3% q-o-q re- 1QFY16 was attributable to the high net income declining by 12.91%
spectively. The stellar performance margin in the Capital City project. y-o-y due to lower construction
was mainly contributed by Capi- As Gadang plays the role of land- revenue in relation to lower order
tal City project in Johor Baru and owner in the joint venture with book assumption. — JF Apex Secu-
The Vyne project in Salak South Capital City Property Sdn Bhd, cost rities Bhd, Oct 30
14 B R O K E R S’ C A L L M ON DAY N OVEM B ER 2 , 2 0 1 5 • TH EEDGE FI N AN C I AL DAI LY

Unisem’s 3Q Patami
Unisem (M) Bhd

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

Revenue 990.6 1,038.3 1,245.2 1,308.9
Ebitda 171.5 255.9 320.3 326.5

surges 48.2% Ebit

Unisem (M) Bhd
(Oct 30, RM2.38)
Maintain buy with a higher target
price (TP) of RM3.13: Unisem (M)
Bhd’s third quarter ended Sept 30,
2015 (3QFY15), profit after tax and
minority interests (Patami) surged
by 48.2% year-on-year (y-o-y) to
RM40.2 million.
Subsequently, the group’s
nine-month Patami ended Sept
30, 2015 (9MFY15), was lifted by
101.4% y-o-y to RM95.1 million
from RM47.2 million in 9MFY14.
The improvement in earnings was
mainly attributable to favourable
US dollar exchange rate, higher vol-
ume production and expansion in
profit margin. Cumulative 9MFY15
earnings surpassed our and con-
sensus expectations, accounting
for 101.2% and 87.2% of full-year
FY15 earnings respectively.
On a cumulative basis, the
group recorded 9MFY15 revenue
of RM908.5 million, an increase of
20.7% y-o-y. The growth in revenue
was mainly supported by the in-
crease in demand from the leadless
packages and wafer-level packag-
ing segments.
On aggregate, these two seg-
ments formed more than 60% of
the group’s revenue. Higher US
dollar-ringgit exchange rate of 3.76
for 9MFY15 as compared with 3.24
for 9MFY14 further enhanced the
group’s 9MFY15 revenue. Note that,
however, the group’s 9MFY15 reve-
nue only grew by 3.9% y-o-y when
quoted in US dollar.
The group’s capital expenditure
(capex) increased by 54.9% y-o-y
to RM37.5 million in 3QFY15. On
a cumulative basis, 9MFY15 capex
amounted to RM124 million from
RM40.8 million in 9MFY14. Higher
capex was utilised to cater for the
increase in the demand for its prod-
ucts especially from the leadless
packages and wafer-level packag-
ing segments. Management guided
that despite the increase in pro-
duction capacity, all the factories
continue to operate at optimum
utilisation rate.
The group declared a second
interim dividend of three sen per
share in 3QFY15, bringing the cu-
mulative 9MFY15 dividend de-
clared to six sen. We believe a final
dividend of at least three sen will
be declared in 4QFY15. This will
translate into a full-year FY15 div-
idend declared of nine sen. Due to
better-than-expected earnings re-
sults, we are revising our FY15 and
FY16 earnings estimates upward by
34.1% and 25.0% respectively. We
are assuming higher US dollar ex-
change rate for both FY15 and FY16
at 3.95 and 4.15 respectively and
higher profit margin for both FY15
and FY16 to better reflect the latest
quarterly earnings announcement.
Note that we are also increasing Un-
isem’s outstanding shares mainly
to reflect the impact on the actual
number of warrants converted fol-
lowing the expiration date on Aug
24. Only 51.6 million warrants were
Pre-tax profit
Core net profit after MI
EPS (sen)
EPS growth (%)
-76.5
-94.8
-105.4
-15.6
n.m
96.1
84.5
58.0
8.6
n.m
155.5
146.6
126.1
17.2
99.8
168.4
159.7
135.4
18.4
7.3
PER (x) n.m 26.7 13.4 12.5
Net dividend (sen) 2.0 6.0 9.0 10.0
Net dividend yield (%) 0.9 2.6 3.9 4.3
Source: Company, MIDFR
converted as compared with 186.5 In addition, the group is now
milion warrants outstanding as at more focused on achieving better
Dec 31, 2014. product mix which will translate
Subsequent to our revision in into higher profit margin. Also, the
earnings estimates, we are raising increase in US dollar exchange rate
Unisem’s TP to RM3.13 per share further boosted its revenue in ring-
from RM2.74 per share previously. git.
This is premised on FY16 earnings We expect that the positive mo-
per share of 18.4 sen against an un- mentum will continue to be seen
changed forward price-earnings ra- throughout FY15 and FY16, given
tio (PER) multiple of 17 times. Our the strong demand for its product
PER target multiple is derived from especially from the automotive,
the average high PER recorded from consumer and communications
2007 to 2001, which corresponds to market segments. On another note,
the period when the company was due to the improvement in Un-
making profit. isem’s net operating cash flow, we
The group has shown positive believe that the group will be more
earnings track record since 2QFY14 generous in its dividend payment
and that the positive turnaround as seen in its latest dividend an-
provides a clear indication that the nouncement. All in, we are main-
revamped business model is able taining our “buy” recommendation
to yield sustainable and satisfac- on the stock. — MIDF Research,
tory results. Oct 30

Muted outlook for TNB Pavilion REIT net profit

forecasts raised on da:men
Tenaga Nasional Bhd Tenaga Nasional Bhd
(Oct 30, RM12.66) Pavilion Real Estate Investment +1.0% y-o-y was only slightly below
Maintain hold with an unchanged FYE AUG 31 (RM MIL) 2013 2014 2015 2016E 2017E Trust (REIT) our minimal FY15 revenue growth
target price (TP) of RM12: Tenaga Revenue 37,130.7 42,792.4 43,286.8 45,352.1 46,643.5 (Oct 30, RM1.51) forecast of +2.2% y-o-y, as we believe
Nasional Bhd’s (TNB) financial year Ebitda 4,630.4 4,348.8 13,921.8 13,769.8 14,184.8 Maintain buy with a higher tar- that only about 15% of Pavilion Mall’s
ended Aug 30, 2015 (FY15), results get price (TP) of RM1.75: The net lettable area is due for renew-
Pretax profit 5,925.1 7,114.7 7,133.7 8,136.3 8,452.6
were within our but above consen- third quarter ended Sept 30, 2015 al in financial year ending Dec 31,
sus expectations, as core net profit of Net profit 5,356.2 6,467.0 6,118.4 7,366.1 7,652.6 (3QFY15) net profit was RM60.5 mil- 2015 (FY15). There was no dividend
RM6.94 billion (+27.2% year-on-year) EPS (sen) 94.9 114.6 108.4 130.5 135.6 lion (-4.0% year-on-year, y-o-y; +2.0% declared in 3QFY15 due to Pavilion
accounted for 98% and 107% of our PER (x) 13.3 11.0 11.7 9.7 9.3 quarter-on-quarter), bringing nine- REIT’s biannual dividend policy.
and consensus full-year estimates, Core net profit 4,841.3 5,452.3 6,937.7 7,366.1 7,652.6 month net profit ended Sept 30, 2015 We raise FY15/FY16/FY17 net
respectively. Dividends were in line Core EPS (sen) 85.8 96.6 122.9 130.5 135.6 to RM180.3 million (+2.8% y-o-y) profit forecasts by 3.1%/6.9%/1.8%
as TNB declared a final dividend per Core EPS growth (%) 39.5 12.6 27.2 6.2 3.9 and accounting for 79%/74% of our/ after factoring in the revenue contri-
share (DPS) of 19 sen, bringing FY15 consensus full-year estimates. The bution from da:men USJ retail mall
Core PER (x) 14.8 13.1 10.3 9.7 9.3
DPS to a total of 29 sen. profit was above our expectation, from 2QFY16 onwards (expected
The fourth quarter ended Aug 30, Net DPS (sen) 25.0 25.0 29.0 32.5 35.2 but in line with consensus. This was acquisition completion by 1QFY16),
2015 (4QFY15) sees lower over-re- Dividend yield (%) 2.0 2.0 2.3 2.6 2.8 mainly due to lower-than-expected based on occupancy rate of 85% and
covery figure. Electricity demand EV/Ebitda (x) 18.4 20.5 6.2 6.1 5.7 interest expense. average monthly rental rate of RM9.20
growth in 4QFY15 of 1.3% year-on- Change in EPS (%) - - - - - Its lower 3QFY15 y-o-y earnings per sq ft; and lower FY15 interest costs
year was tepid, as TNB did not see Affin/Consensus (x) - - - 1.1 1.1 were mainly attributed to higher by about RM5 million. We maintain
new peak demand unlike prior years. Source: Company, Affin Hwang forecasts, Bloomberg
quit rent and assessment expens- “buy” with a higher discounted cash
Its 4QFY15 revenue jumped 18.6% es (3QFY15: RM2.7 million versus flow-based TP of RM1.75 (+5 sen;
quarter-on-quarter (q-o-q) but recall 3QFY14: RM200,000) and utility costs weighted average cost of capital: 7%,
TNB had made a one-off deduction currently enjoyed by consumers may (+28.7% y-o-y). This has nudged terminal yield: 6.5%). We like Pa-
to 3QFY15 revenue due to first-time not be sustainable as TNB’s over-re- down 3QFY15’s net profit margin vilion REIT for its resilient earnings
adoption of imbalance cost pass- covery may remain low due to higher by 3.1 percentage points to 59.0%, and visible pipeline of prime assets
through worth RM1.82 billion. gas price, stronger US dollar and liq- as compared with 3Q14. Elsewhere, in the Klang Valley. — Maybank IB
The over-recovery on fuel cost uefied natural gas (LNG) prices po- 3QFY15’s flattish revenue growth of Research, Oct 30
was lower q-o-q at RM30 million in tentially bottoming out. LNG prices
4QFY15 (3QFY15: RM300 million), trended lower to RM31 per million Pavilion Real Estate Investment Trust
owing to higher oil and distillate use British thermal units (mmbtu) in
from some gas supply curtailment 4QFY15 (3QFY15: RM36 per mmbtu). FYE DEC (RM MIL) 2013A 2014A 2015E 2016E 2017E
and higher gas price since July 1. We maintain our “hold” rating on Revenue 375.5 402.1 410.8 464.1 531.0
We understand from man- TNB with an unchanged 12-month
Net property income 263.1 282.7 286.4 325.5 369.6
agement that electricity demand TP of RM12.00 based on a 20% dis-
growth for FY16 may be similar count to our discounted cash flow- Distributable income 221.3 239.9 235.9 262.5 277.7
to 2.2% in FY15 (versus our 2.7% based valuation of RM15.00 (weight- DPU (sen) 6.6 7.2 7.0 7.8 8.3
assumption), as the government ed average cost of capital: 8.8%, DPU growth (%) 7.1 8.1 (1.6) 11.3 5.8
expects gross domestic product long-term growth: 3.0%). Price/DPU (x) 22.8 21.1 21.4 19.3 18.2
growth to moderate slightly from We make no changes to our P/BV (x) 1.3 1.2 1.2 1.0 1.0
4.5%-5.5% in 2015 to 4%-5% in 2016. earnings forecasts. The discount DPU yield (%) 4.4 4.7 4.7 5.2 5.5
We see little upside to electricity is to account for the uncertainty
ROAE (%) 6.3 6.3 6.1 6.2 6.0
demand growth as consumption on pricing surrounding TNB’s on- TNB declared a final DPS of 19 sen in
may be capped by potentially high- going bid for Edra Global Energy ROAA (%) 5.0 5.2 5.0 4.9 4.4
4QFY15, bringing FY15 DPS to a total of
er electricity prices. Bhd’s power assets. — Affin Hwang Debt/Assets (x) 0.2 0.2 0.1 0.2 0.3
29 sen.
The 2.25-sen-per-kWh tariff rebate Capital, Oct 30 Source: Maybank IB Research
M ON DAY N OV E MB E R 2, 2015 • T HEED G E FINA NCIA L DA ILY
Two million hectares of
Indonesian forest burnt
Area of land affected expected to increase from fires
KUALA LUMPUR: More than two
million hectares of Indonesia’s for-
ests were burnt down in the past
five months, Indonesian authori-
ties have revealed, as neighbour-
ing countries get respite from the
choking smoke.
Jakarta Globe reported the coun-
try’s National Space and Aviation
Agency (Lapan) as estimating that
2.09 million hectares of forest area
were lost to fires, based on satel-
Air quality improves towards evening
KUALA LUMPUR: The number
of areas recording Air Pollutant
Index (API) readings of moder-
ate air quality decreased to eight
yesterday evening, compared with
11 at noon.
According to the Department of
Environment’s website, the areas
with moderate API readings in-
cluded Batu Muda, Kuala Lumpur
(75), Melaka City (68), Petaling Jaya
(58) and Banting in Selangor (56).
Other areas were Putrajaya (55),
Bukit Rambai in Melaka (54), Bakar
Arang in Kedah and Pasir Gudang
in Johor (52).
Among the areas with good API
readings were Port Klang (50),
Kota Kinabalu (47), Samarahan
in Sarawak and Seberang Jaya 2
in Penang (46), SMK Tanjung Chat
in Kelantan and Alor Setar (42).
Earlier, Bernama reported that
only Pasir Gudang had slightly
poor air quality as at 9am yester-
day, but by midday 10 more are-
as saw the air quality starting to
deteriorate.
API readings of between 0 and
50 are considered good, 51 to 100
(moderate), 101 to 200 (unhealthy),
201 to 300 (very unhealthy), and
300 and above (dangerous).
The public can visit the portal
apims.doe.gov.my for further infor-
mation on API readings. — Bernama
Putrajaya’s Kota Buku, indie publishers team up to bring ‘sexy’ back to reading
BY K C NA ZA RI
KUA L A LU M P U R : G ov e r n -
ment-linked company Perba-
danan Kota Buku has set out to
bring “sexy” back to books, and
it is roping in the much-maligned
indie publishing scene to thrust
reading back into the Malaysian
mainstream.
One of its initiatives is the “Ko-
taKata: Dari Batu Road ke Jalan
TAR” book festival organised with
two indie publishers, Paradoks
Production and Sindiket Sol-Jah,
in a corridor at the Maju Junction
lite data collected from June 21
to Oct 20.
“We have compared the data
gathered from before and after the
fires started.” Parwati Sofan, a sen-
ior official at Lapan was quoted at a
press conference in Central Jakarta
last Friday.
It said Lapan estimated that
832,999ha of forest were burnt in
Sumatra, 806,817ha in Kaliman-
tan, 353,191ha in Papua, 30,912ha
Complex on Saturday.
Perbadanan Kota Buku chief
executive officer Sayed Munawar
Sayed Mohd Mustar said the in-
die literature movement, popular
among budding writers, would
restore an interest in books.
He said the KotaKata festival
was a platform to bring together
Malaysians who loved books and
reading, from publishers and writ-
ers to readers.
“What we want to create here is
a meeting point between readers
and writers, so that people feel
that reading is sexy, that it’s cool
in Sulawesi, 30,162ha in Bali and
Nusa Tenggara, 18,768ha in Java
and 17,063ha in Maluku.
The figures may actually be high-
er, as Parwati reportedly said the
satellite is unable to scan forest
areas covered in smoke.
He added that the numbers were
expected to increase since they were
still in the midst of collecting data.
Meanwhile, Indonesia’s Nat-
ural Disaster Mitigation Agency
BERNAMA
to read, and you feel handsome
or sexy when you read books,” he
told The Malaysian Insider.
Given its links to the govern-
ment, Perbadanan Kota Buku’s
decision to embrace the indie pub-
lishing scene can be considered
quite unusual.
Putrajaya’s National Civics Bu-
reau (BTN) has red-flagged the
indie music and literature move-
ment, saying that it was anti-es-
tablishment and could impact
on the results of the next general
election.
The government, along with
spokesman Sutopo Purwo Nugroho
reportedly said 32% of the hotspots
were in non-concession forest ar-
eas, 20% in industrial forest areas
and 20% in oil palm plantations.
Smoke from Indonesia’s forest fires
has choked neighbouring countries
for nearly two months now, forcing
schools in Malaysia to close for several
days on end, flights to be cancelled
and a hike in illnesses across several
states. — The Malaysian Insider
official publisher Dewan Baha-
sa dan Pustaka, treads the indie
publishing scene with caution.
But Sayed Munawar said the
government should be taking ad-
vantage of the movement to turn
reading into a popular pastime
among Malaysians again.
“We want to harness the grow-
ing energy, and what’s hot right
now in Malaysia is the indie pub-
lishing scene.
“Th ere are a few which [the]
BTN considers ‘left-wing’, but we
see them as resources. If we don’t
agree with them, that’s another is-
H O M E 15
GMM strayed
from goals under
Saifuddin, says
new chief
KUALA LUMPUR: Former PAS
deputy president Nasharudin
Mat Isa, the new chief of the
Global Movement of Moder-
ates (GMM), said the organi-
sation strayed from its goals
in the past three years.
In an interview with Min-
gguan Malaysia, the Sunday
edition of Utusan Malaysia,
Nasharudin said he came to
this conclusion after mon-
itoring the GMM’s website.
“If we look at [the] GMM’s
website, in 2012 it was very
active.
“But after 2012, as every-
one can see from its website,
it appears that [the] GMM
has strayed from its original
objectives,” Nasharudin was
quoted as saying.
Nasharudin took over the
helm of the GMM effective
yesterday from former dep-
uty minister Datuk Saifuddin
Abdullah, who served as the
chief executive officer of the
moderates group from 2013.
Widely seen as a moderate
figure, Saifuddin said he was
resigning from the post on
Oct 15, after he announced
he was leaving Umno for PKR.
Nasharudin said his own
appointment was beyond pol-
itics, as he was “only” an or-
dinary PAS member.
“Let’s leave PAS, Umno
politics to the leaders of PAS
and Umno. I’m not a PAS lead-
er; I’m only an ordinary PAS
member. That means I can’t
determine policies nor do I
have any influence on them.
“I see my appointment as
beyond politics because it’s
not like the person who ap-
pointed me doesn’t know I’m
a PAS member,” Nasharudin
was quoted as saying.
Prime Minister Datuk Seri
Najib Razak is the found-
er and patron of the GMM,
which he formed as a plat-
form to promote moderation
on the international stage.
Nasharudin was one of
PAS’ leading proponents in
talks with Umno during his
tenure as deputy president
of the Islamist party. — The
Malaysian Insider
sue entirely. We want to promote
the book culture.”
The KotaKata festival saw books
from 15 different indie publishers
on sale, while visitors were also
kept entertained with performanc-
es ranging from traditional, such as
the Randai, to popular guitar sets.
KotaKata co-organiser Nurul
Asyikin Abdul Hamid, who also
goes by the pen name Aloy Para-
doks, said their cooperation with
the government-linked company
and Sindiket Sol-jah would boost
indie books’ presence. — The Ma-
laysian Insider
16 H O M E
Najib striking a gong to launch PBRS’ triennial convention in Kota Kinabalu, yesterday.
Among those looking on is Kurup (right). Photo by Bernama
Size of component
parties in BN not
important, says PM
KOTA KINABALU: Prime Minister
(PM) Datuk Seri Najib Razak stressed
yesterday that the size of a party that
has become a partner in the Barisan
Nasional (BN) coalition is not im-
portant, and what is more valued is
the loyalty and commitment of the
component parties to the BN.
Najib, who is also BN chairman,
said it was this principle, which the
coalition had upheld all along, that
enabled the BN to continue to be in
power irrespective of whether times
were good or difficult.
“I, as the BN chairman, do not see
too much into the size of the party. To
me size doesn’t matter, what matters
is your loyalty and commitment. It
is on this principle that the country
was able to move forward. We have
succeeded because we have been
able to capitalise when the going was
good as well as to ride out the storms.
“But the BN must continue to
prove that it is the party that the peo-
ple can depend on to look after the
interests of all the people, irrespec-
tive of ethnicity or religion. The BN
umbrella is inclusive and compre-
hensive,” he said.
Najib said this when opening Parti
Bersatu Rakyat Sabah’s (PBRS) trien-
nial general meeting here yesterday.
Also present were Sabah Chief Min-
ister and Sabah BN chairman Datuk
Seri Musa Aman and PBRS president
Tan Sri Joseph Kurup.
As such, Najib asked the 13 parties
in the coalition to defend the princi-
ple which calls on all the components
to interact to seek consensus and un-
derstanding as well as cooperation
to achieve the BN’s main objective,
that is forming a strong government.
He said no matter what the is-
sue or problem, all BN components
should be determined not to stray
from the objective because there
could not be a bigger consideration
than forming a strong BN govern-
ment.
“Considerations of a narrow na-
ture, or parochial [attitude], being
too inward looking, to the point it
jeopardises the main objective, we
must put it aside because if we do
not have political power, it will all
be meaningless to us.
“Better that we sacrifice a bit
so long as power still lies with the
BN. If we have the power, it means
our struggle can still continue even
though we might not get all that we
want,” stressed Najib.
Najib admitted that there were
still requests from BN components
that have not been met, but believed
all BN members faced the same sit-
uation and that space to consider
these demands was still there and
this could be settled in the BN fam-
ily spirit
“I, as chairman of BN, adhere to
the principle that I must be fair to all
BN component parties and be fair to
all people, whether in urban or rural
areas, poor or well off, or whether
they are bumiputera or non-bumi-
putera or non-Muslim bumiputera,
even though they are a minority”
said Najib.
For example, he said, the gov-
ernment decided to eliminate the
“others” column in official govern-
ment forms because the indigenous
groups in Sabah and Sarawak did
not like to be categorised as such.
On concerns of Christians in Sa-
bah about conversion to another
religion, Najib clarified that there
was no government policy that could
force anyone to embrace Islam, and
Islam itself did not force others to
embrace the religion.
“And from the government’s point
of view, we hold the principle that
there is no compulsion in Islam. In
Islam itself there is a verse that says:
‘No compulsion in Islam. To you,
your religon, and to me, my religion’.
This means there is no compulsion
in Islam. If he or she wants convert
to Islam, yes, but there is no com-
pulsion in Islam,” he said.
Najib gave assurance that the
government would continue to ad-
here to this principle and in the
event that such coercion occurred,
it would be purely an act of certain
individuals, and the affected parties
could complain to the authorities.
— Bernama
Najib: Sabah’s rural
development is
govt’s priority
BR1M is also proof of concern for the people’s welfare
KOTA KINABALU: Prime Minis-
ter Datuk Seri Najib Razak gave his
assurance yesterday that rural de-
velopment, especifically in Sabah,
would continue to be given high
priority to ensure the people in the
state were not marginalised from
national development.
Najib, who is also Barisan Na-
sional (BN) chairman, said the peo-
ple in the rural areas were the back-
bone and strength of BN, and those
who had put their full trust in BN to
continue helming the government
until today.
In this regard, Najib said, it was
the duty of BN to ensure the peo-
ple in the rural areas received full
attention so that their welfare and
well-being continued to be cared
for.
“For that reason, in Budget 2016,
which I tabled recently, I stressed
and prioritised rural development
[including in Sabah],” he said in his
speech at the opening of Parti Ber-
satu Rakyat Sabah’s (PBRS) triennial
conference here yesterday.
Najib said, Budget 2016, which
contained 130 touchpoints, among
others, outlined provisions for rural
development including a RM1.4 bil-
Illegals issue in Sabah must be solved jointly
KOTA KINABALU: The influx of illegal
immigrants into Sabah is a national
issue which needs concerted efforts
to solve, says Parti Bersatu Rakyat
Sabah (PBRS) president Tan Sri Jo-
seph Kurup.
He said the issue of illegals in the
state was also the biggest and most
complex, requiring the cooperation
of all parties concerned to analyse
and then overcome.
“I thank Prime Minister Datuk
Seri Najib Razak for his concern over
‘Opposition has never been consistent’
KOTA KINABALU: Prime Minister
Datuk Seri Najib Razak said the op-
position has never been consistent
in their stand and struggle, besides
constantly casting aspersions and
baseless accusations against the
government.
Najib said the inconsistency was
evident when the opposition, which
had previously rejected the goods
and services tax (GST), seemed to
have recognised the implementa-
tion of the new taxation system by
listing it as part of their Alternative
Budget.
M ON DAY N OVEM B ER 2 , 2 0 1 5 • TH EEDGE FI N AN C I AL DAI LY
lion allocation to upgrade 700km of
roads nationwide, RM878 million for
electricity supply projects involving
10,000 houses, and RM568 million
for piped water supply projects.
In Sabah, Najib said, the focus
included the construction of the
first part of the Pan Borneo Highway
from Sindumin to Tawau, a distance
of 706km, at an estimated cost of
RM12.8 billion, and upon comple-
tion, the highway would operate
without any toll charge.
He said the construction of the
highway would open a new chapter
for Sabah and allow the opening of
new areas in the state via a network
of roads which would connect one
place to another.
Other than the Pan Borneo High-
way, Budget 2016 has also stressed
on other needs in Sabah and Sar-
awak including economy-class do-
mestic air transportation for the
rural air services routes being ex-
empted from the goods and ser-
vices tax, the 1Malaysia Mobile
Clinic Service in the interior, and
uniformity in the prices of goods.
According to Najib, the people of
Sabah had made the right decision
in opting to jointly form Malaysia
solving this problem by setting up a
special body, the Royal Commission
of Inquiry on the problem of illegals
in Sabah, to study it and propose
solutions.”
He said this in his policy speech at
the PBRS triennial conference, which
was opened by the prime minister,
with Sabah Chief Minister Datuk Seri
Musa Aman also present.
Kurup, who is also minister in
the Prime Minister’s Department,
said the issue of illegals should be
“The opposition has never been
consistent. All this while [they] con-
demned the GST, but in their Alter-
native Budget they touched on GST.
They play politics on [the GST rate
of ] 3%, but online, they say 0%; it
doesn’t make any sense”, he said,
when opening the triennial confer-
ence of Parti Bersatu Rakyat Sabah
here yesterday.
Najib also questioned the oppo-
sition’s move to impose 0% GST, but
then introduce GST in their budget.
“Why do you have GST, but 0%?
The people must think; this is a po-
and in picking BN to head the na-
tional leadership.
He was also satisfied with the co-
operation given by the Sabah state
government under the leadership
of Chief Minister Datuk Seri Musa
Aman, and would continue to strive
to meet the needs of the state so as
to bring well-being to its people.
On another development, Na-
jib said the 1Malaysia People’s Aid
(BR1M), which was given to the mod-
erate- and low-income groups was
proof of the government’s concern for
the welfare of these groups, and was
confident the people would spend
the aid in the best possible manner.
As such, he said, it was not apt if
there were quarters who questioned
the giving of BR1M and regarded it
as unnecessary. Singapore, which is
categorised as a developed econo-
my, also implemented the same ap-
proach, although differing in meth-
od, he noted.
“When we give BR1M to the peo-
ple, the people benefit. [We] must
also have confidence in allowing
the people to spend for their own
well-being, and the recipients of
BR1M to spend it prudently,” he
said. — Bernama
resolved fast as it gave rise to social
and economic divides, besides dis-
satisfaction among locals towards
the illegals.
He said PBRS’ stand and strug-
gle in this matter as well as the Sa-
bah people’s were clear in opposing
Project IC (referring to the alleged
granting of citizenship to foreigners
that was the subject of the inquiry).
“We are not against migration to
Sabah as long as it is in accordance
with the law,” he added. — Bernama
litical game,” he said.
Apart from that, he said, the op-
position also lied when they ac-
cused Barisan Nasional (BN) of
bringing in about 40,000 voters
from Bangladesh in the last general
election, which until today had not
been proven by them.
Najib said the allegation that he
would negotiate with the military
to seize power if BN lost the 13th
general election was also proven
false, when the opposition leader
concerned made an open apology
to him on the matter. —Bernama
M ON DAY N OV E MB E R 2, 2015 • T HEED G E FINA NCIA L DA ILY
Presidents have term limits
— why not directors?
Shaking up the rules should keep them on their toes
BY DAVI D FI CKL I NG
H
ere is one way to make
sure independent di-
rectors are not too
reliant on the pa-
tronage of manage-
ment: Make them
rich beyond the dreams of avarice.
That seems to be the approach
taken by Regeneron, whose chair-
man Roy Vagelos has amassed a net
worth of US$1.3 billion (RM5.54 bil-
lion) from pay and options in his 20
years on the board, according to the
Bloomberg Billionaires Index. With
that sort of cash in his back pocket,
Vagelos is unlikely to be beholden
to chief executive officer (CEO) Len
Schleifer.
Long-time Regeneron sharehold-
ers have seen aggregate net income
of a rather more modest US$260 mil-
lion in the 25 years since the com-
pany listed, and watched it under-
perform the Standard & Poor’s (S&P)
500 for two decades before its Eylea
macular degeneration drug was ap-
proved by US regulators in 2011.
(When Vagelos joined the struggling
business, he helped develop the idea
of trapping and neutralising mole-
cules that might be involved in the
disease’s development, a process
that fuelled the success of Eylea. The
treatment was approved in 2011 and
crushed sales estimates.)
With the shares having risen more
than 2,000% over the past five years
— contributing so much to Vage-
los’ current wealth — shareholders
are unlikely to be too fussy about the
Situation vacant for a European banking champion
BY MA RK GI L B ERT
BOTH of the banks that currently vie
for the title of Europe’s biggest invest-
ment bank — Germany’s Deutsche
Bank and Barclays of the United King-
dom — are in retreat.
But sometimes the best opportuni-
ties come from going against the tide.
There is an opening for some brave
soul to create a European champion
at a time when other financial insti-
tutions are exiting markets, laying off
staff and shrinking their businesses.
Deutsche Bank is shuttering its
operations in 10 countries and cutting
26,000 jobs in the next three years,
scrapping its dividend for two years
and seeking to cut costs by €3.8 bil-
lion (RM17.83 billion). Barclays is also
trimming its workforce by a similar
amount on the same timescale, as
its new chief executive officer (CEO)
Jes Staley implements what he called
the “necessary transformation” of the
firm’s investment banking operations.
In terms of how the world’s biggest
banks compare in the key capital mar-
details right now. Still, they would
be entitled to wonder if their chair-
man’s payout is excessive.
The problem with corporate
boards is that no one really agrees
what they are meant to do. In the
United States, many directors fit
the role Vagelos has carved out at
Regeneron, of wise gray heads who
can use their long corporate experi-
ence to counsel management. It is
not clear why that job description
cannot be filled by hiring them as
employees or external consultants,
but there it is.
Other US companies, and most
publicly traded businesses in the
United Kingdom and Europe, see
non-execs as shareholder guardi-
ans, protecting the company’s own-
ers against the tendency of man-
agers to keep all the goodies for
themselves. In theory, that is the
more appropriate use of their time
and expertise. In practice, non-exec-
utive directors have a woeful record
of exposing malfeasance and stand-
ing up for the interests of owners.
Take Enron’s waving through
US$77 million of credit lines for
chairman and CEO Ken Lay, or
the failure of several chief ex-
ecutives and a former Spanish
president to uncover and stamp
out phone-hacking problems
at News Corp’s UK newspapers,
which have so far cost the compa-
ny an aggregate US$520 million.
Or take blood-testing company
Theranos, whose board of direc-
tors and “counsellors” reads like
a table setting at a Davos dinner
kets of financing companies through
managing bond issues, providing
loans and selling shares so far this
year, JPMorgan has been involved in
almost as many loans as Deutsche,
Barclays and HSBC combined. Gold-
man’s equities business is bigger than
the sum of Deutsche and Barclays.
The way things are headed, there
will not even be a welterweight Euro-
pean banking contender, never mind
a heavyweight to stand toe-to-toe
with the US banks in the investment
banking ring.
This is not just about national or
regional pride. It is about having a
financial infrastructure that is fit for
purpose. As things stand, European
governments and companies are
increasingly reliant on the kindness
of (American) strangers to meet their
capital markets needs.
Credit Suisse’s decision last
month to abandon primary deal-
ing in Europe, for example, shrinks
the pool of banks available to en-
sure the smooth functioning of the
government debt market.
but who failed to ensure its break-
through finger-prick technology is
being used in more than one test
out of 200.
Perhaps a better solution would
be to take a leaf from the US Con-
stitution — the 27th amendment,
to be precise — and impose term
limits on non-executive directors.
The difficulty, according to a
2010 paper by two academics at
London’s City University, is that
the market for non-executive di-
rectors “is anything but a normal
labour market, with normal supply
and demand affecting its remuner-
ation”. Directors’ pay packets are the
gift of managers. Standing up for
shareholders against management
risks losing a comfortable perch and
being saddled with a reputation for
asking awkward questions.
So if the job market for non-
execs does not exist, why not cre-
ate it? Use stock exchange listing
That leaves countries increasingly
reliant on the ability and willingness
of US firms to help them meet their
borrowing needs, in a business where
profit margins are razor thin.
In equity fundraising, BNP Paribas
has done just US$3 billion of business
this year; should the French gov-
ernment want to offload some of its
corporate stakes (Air France springs
to mind), US firms are much better
placed to hunt down the investors
willing to pay the best price.
That is fine until it is not; it is im-
possible to predict whether a re-
newed wave of US government reg-
ulatory intervention might prompt
its banks to retrench from Europe,
by which time there will be no local
expertise to fill the gap.
Societe Generale CEO Freder-
ic Oudea, who is also president of
the European Banking Federation,
summed up the regional conse-
quences in an article for the Financial
Times published on Oct 11: “Does Eu-
rope want its own investment banks
to be capable of operating efficiently
rules to insist that non-executive
directors can serve only a single
three-year term. Boards complain
of a dearth of available talent be-
cause so many directors treat their
roles as sinecures that can be held
for years. Companies in the S&P
500 replace only 7% of their board
members each year, and give them
an average tenure of 8½ years, ac-
cording to executive search firm
Spencer Stuart. Lift that turnover
to the vicinity of 33% and you cre-
ate a huge pool of talent hunting
for a new role.
We could go further: Cap total
non-executive compensation at,
say, 0.1% of the company’s average
net income, and ban them from
owning shares or options in the
company unless they are awarded
or vested at least 12 months after
they leave.
That would switch loyalties away
from management and toward their
in capital markets? Or are European
states happy to look outside Europe
for investment banks which can fi-
nance their debt? Are they willing to
force European companies to rely
solely on non-European banks for
their investments and hedging solu-
tions?”
There is a solution, but it will not
be easy, Barclays chairman John Mc-
Farlane told the Financial Times last
month. “If you did want to create an
investment banking champion for
Europe, you would have to combine
the investment banking arms of the
main players, but you would have to
swallow really hard and you would
need political support.”
The consequence of increased
regulation and higher capital ad-
equacy standards is a lack of in-
vestment banking appetite and
expertise in Europe. The field is
wide open for someone to meld the
relevant parts of German, French,
UK and Swiss outfits together to
create a true competitor to the US
behemoths. Persuading the overse-
COMMENT 17
reputation as effective directors. The
best non-executive directors would
hope to move to a company with a
bigger net income pool when their
term ends. CEOs would lose most
of their ability to influence directors
through their control of the purse
strings. Stop non-executive directors
from owning shares while they are
overseeing the business, and you
remove the incentive for them to
keep quiet about issues that could
affect the value of their own hold-
ings, and ensure they are focused
on long-term value.
Of course, no amount of cor-
porate governance safeguards can
change the fact that well-managed
companies in declining industries
will struggle to make a decent return,
while badly run stocks in growth
sectors can provide a bonanza to
shareholders. If board compensa-
tion was linked to net income, there
would need to be a loophole to en-
courage talented directors to join
money-losing companies in need
of turnaround expertise.
But if the money paid to CEOs
bears absolutely no relationship to
the share performance of the com-
panies they run, that is even more
the case with non-executive direc-
tors. At least shaking up the rules a
bit would keep them on their toes.
— Bloomberg View
This column does not necessarily
reflect the opinion of the editorial
board or Bloomberg LP and its
owners.
ers to sanction such a move would
not be easy. While Europe is keen
to separate ordinary retail bank-
ing from so-called casino banking,
no individual European regulator
wants to harbour a too-big-to-fail
financial firm in its jurisdiction.
But the alternative — no Europe-
an bank with the skill set to meet the
region’s more sophisticated finan-
cial needs — is worse. Convincing
investors that a Frankenstein bank
could achieve a consistent return
on equity without a domestic re-
tail base would also be a struggle.
But there is business to be won
and fees to be earned when every-
one else is retrenching; maybe An-
shu Jain and Bob Diamond, the
former chiefs of Deutsche Bank
and Barclays, respectively, should
team up? — Bloomberg View
This column does not necessarily
reflect the opinion of the editorial
board or Bloomberg LP and its
owners.
18 F E AT U R E
CIDB looks to do more
for construction industry
After initiating several reforms and innovations
T
he Construction In-
dustry Development
Board (CIDB), which
celebrates its 20th an-
niversary this month,
hopes to do more for
the construction industry after
initiating several reforms and in-
novations.
Spearheading these will be the
recently launched Construction
Industry Transformation Plan
(CITP), backed by other improve-
ments like the Construction Indus-
try Payment and Adjudication Act
2012 (CIPAA), establishment of
specialised construction courts to
hear cases related to the construc-
tion industry and amendments to
the CIDB Act to give more powers
to the regulatory body.
CIDB chief executive Datuk Seri
Dr Judin Abdul Karim is especial-
ly proud of the agency’s progress
and the dynamism of the industry
over the last two decades.
But as its chief custodian or
regulator, he wants to see greater
demonstration of capability by
industry players, in areas like sus-
tainability, safety, productivity and
competiveness.
In an interview, Judin said the
CIDB would continue to provide
effective leadership and consol-
idation to the construction in-
dustry, “but the rest is up to the
Elements of power in the rare-metal age
BY DAVI D S A B RAHAM
“THERE’S no chance that the iPhone
is going to get any significant mar-
ket share — no chance,” Microsoft
chief executive Steve Ballmer told
a chief executive officer forum be-
fore Steve Jobs released the iPhone
in June 2007.
By the end of the first week of
sales, however, most storeroom
shelves were bare — Apple and
its AT&T partner sold hundreds
of thousands of phones. The com-
pany was on its way to take more
than 20% of the smartphone market
within just a few months.
Only eight years later, we for-
get what a revolution the iPhone
was. It became the first mainstream
product to rely on a multitouch
glass screen, allowing the tapping,
sliding and pinching that are now
second nature for writing emails,
determining directions and hail-
ing a cab. As Jobs himself said, “it
works like magic”.
But in the initial hubbub, little
attention was paid to the iPhone’s
most remarkable characteristic. The
reason such a powerful device can
sit comfortably in the palm of your
hand is that it relies on nearly half
individual players”.
“All of us need to do our part
to ensure the success of the con-
struction industry,” he stressed.
Two week ago, the CIDB invited
top industry players to pledge their
commitment to the CITP, which is
anticipated to bring multifold ben-
efits to the construction industry.
The establishment of the CIDB
was a result of the need for a body
to oversee the development of the
construction industry, providing
cohesion to what was then a frag-
mented industry in the 1980s and
early 1990s.
With its establishment, the
CIDB then undertook the regis-
tration and accreditation of con-
tractors, provided training and
upskilling for workers through
Akademi Binaan Malaysia, while
advising the public and private
sectors on construction-related
matters.
Early CIDB pioneers recall the
first few years of service with it as
being challenging but productive.
The initial registration of con-
struction contractors, in particular,
brought back fond memories for
the regulatory body’s longest-serv-
ing staff member, Sariah Abdul
Karib, senior general manager of
its corporate and business sector.
“On the last day of the contrac-
tor registration, many turned up
the elements on the planet.
The magic in Jobs’ glass screen is
due to a dash of rare metal indium,
which serves as the invisible link,
a transparent conductor between
the phone and your finger.
A dusting of europium and ter-
bium provides brilliant red and
green hues on the screen, specks
of tantalum regulate power within
the phone, and lithium stores the
power that makes the phone mo-
bile. Rare metals are also crucial to
manufacturing the iPhone’s com-
ponents: Cerium buffs the glass
smooth to the molecular level.
The iPhone was far from the first
product to rely on rare metals. But
Jobs’ drive for smaller, more pow-
erful gadgets led his company to
increasingly harvest the complete
palate of materials in the periodic
table and deliver them to the masses.
The iPhone spurred new indus-
tries, including mobile apps and
tablets, making the power of rare
metals indispensable not just in
smartphones, but in a myriad of
new technologies. Jobs not only rein-
vented the phone; he helped reinvent
the world’s resource supply lines.
Rare metals are everywhere — in
couches, camera lenses, comput-
to register. They kept pushing until
the door to the office collapsed.
A staff member had to stand on
a table to restore order. Howev-
er, we took this as a sign of great
willingness among contractors to
comply with the requirements.”
Reflecting on the changes that
had taken place in the industry,
Judin said: “Twenty years is a long
time, and I believe the industry
has changed a lot.
“Maybe we don’t realise this as
we are part of it. But people from
other countries, who were here 20
years ago and [have] returned, say
there have been a lot of changes
[for the better].”
He said the CIDB faced its share
of challenges, but had managed to
bring much-needed cohesion to
the industry.
Initial successes included the
registration of contractors and es-
tablishment of the CIDB Green
Card, which certifies that its bearer
has undergone mandatory safety
training as a requirement for con-
struction workers.
The CIDB’s six majority-owned
Akademi Binaan Malaysia have
also provided training and accred-
itation to some 250,000 youths
and workers in the industry since
inception.
In recent years, the CIDB’s sig-
nificant breakthroughs included
ers, earphone buds, bridges and
cars. They are rarely used alone or
as the primary material. They are
like the yeast in pizzas. Without that
small amount of yeast, there’s no
pizza; without rare metals, there’s
no high-tech world.
We lack awareness of them be-
cause we never directly buy them
as we do other commodities, such
as gas or corn. Rare metals are bur-
ied away in components that are
essential to almost every gadget
we use, like the rare-earth perma-
nent magnet.
While the production of perma-
nent magnets is approximately a
mere US$15 billion (RM63.9 billion)
market today, if we were to add to-
gether the value of all industries that
rely on these magnets — automobile,
medical and military — the sum
would reach trillions of US dollars.
Each rare metal has its own char-
acteristics that serve very specific
functions. For example, it can be mal-
leable (indium), ductile (niobium),
toxic (cadmium), radioactive (thori-
um) or magnetic (cobalt), or it can
melt in your hand (gallium).
And like characters in the X-Men
comics, they all have their own
superpowers. Terbium produces
M ON DAY N OVEM B ER 2 , 2 0 1 5 • TH EEDGE FI N AN C I AL DAI LY
what Works Minister Datuk Seri
Fadillah Yusof described as the
“Trinity of Remedies”, namely ad-
judication, arbitration and a Con-
struction High Court, achieved
through the CIPAA, and establish-
ment of specialised construction
courts.
With these in place and in force,
lengthy contract disputes and pay-
ments, as well as issues of non-pay-
ment, can now be resolved quick-
ly, addressing the long-standing
problem of cash flow and resultant
project delays in the construction
industry.
Judin, who was instrumental in
advocating for the establishment
of these courts, said they would
transform the way construction
businesses in the country operate.
Furthermore, the establishment
of these specialised courts made
Malaysia the second country in
the world with a specialist court
for construction, the first being
the United Kingdom.
“The main thing about disputes
is to resolve them quickly rather
than to leave them hanging,” Judin
said, adding that to enable con-
struction players to avoid potential
pitfalls, the CIDB also compiles
and publicises the court cases that
have been resolved.
He believes the CIPAA is impor-
tant as a lot of smaller contractors
more vibrant light in television;
dysprosium and neodymium make
incredibly strong magnets possible;
antimony helps resist fire.
Among the elements in the pe-
riodic table, roughly two-thirds are
metals or metalloids, elements like
silicon that share some characteris-
tics of metals and non-metals, and
are most valuable because of their
semiconducting properties. Mines
produce millions of tons each year
of the best-known metals, like cop-
per and zinc, which are called “base
metals”. Others, like gold and silver,
have retained value for centuries,
hence their name “precious metals”.
Rare metals are in an umbrella
category for almost all other metals.
On average, the world consumes
individual rare metals in the hun-
dreds or thousands of tons annually
— the annual production of each
can fit into just a few rail cars. By
comparison, miners produce about
1.4 million tons of copper annually
in the United States alone.
But the label “rare” does not
mean these metals are all geologi-
cally scarce. Some of them are. Some
are plentiful. Others are abundant
but seldom found in concentrations
high enough to be mined profitably.
Judin is especially proud of the agency’s
progress and the dynamism of the
industry over the last two decades.
Photo by Haris Hassan
got hurt in the past when not paid
or had payments delayed.
“At least with the CIPAA, they
have a means of redress,” he said.
Had the CIDB not been estab-
lished 20 years ago, would the con-
struction industry have grown as fast?
Judin believes that economic
forces were the primary factors
in determining the growth of the
industry, but conceded that the
CIDB had played a useful role.
“With us regulating, it removed
some bad practices from earlier
days. It put into place a kind of
control.
“For example, we are now going
to zoom in on the area of renova-
tion. A lot of people get small-time
players to do the work and they
may not be registered with us.
“But when house owners get dis-
appointed with the quality of work,
the unregistered contractors tend
to disappear. If regulated, we can
trace them and know who should
be accountable for any problem
that arises.” — Bernama
Rare metals encompass rare-
earth elements, a set of 17 atomi-
cally similar metals, which gained
international attention in 2010,
when fears of China’s monopolis-
tic control of production and ex-
port restrictions drove prices up
nearly 10-fold.
While rare-earth elements are a
mere subset of rare metals, they share
many of the same market dynam-
ics. For example, many rare metals,
like rare earths, must undergo chal-
lenging refining techniques. They
are also traded in back-room deals
rather than on open exchanges the
way other commodities like oil are.
But don’t let the lack of visibility
or the small production levels fool
you into underestimating their eco-
nomic and geopolitical importance.
As the base of our high-tech, green
and military industries, they increas-
ingly deserve the same attention as
we afford fossil fuels, meaning that
those who control and manage their
production and trade will increas-
ingly reap outsized economic and
geopolitical fortunes. And because
many have unique properties and
uses, they cannot be switched for
cheaper or more abundant alter-
natives. — Bloomberg View
M ON DAY N OV E MB E R 2, 2015 • T HEED G E FINA NCIA L DA ILY
H O M E B U S I N E S S 19

WEEK
IN FOCUS
1
Miniter of Foreign Affairs Datuk
Seri Anifah Aman (third from
left) hosting a reception to cel-
ebrate United Nations (UN) Day
2015 (on Oct 24) as well as the
70th anniversary of the UN in
Kuala Lumpur on Oct 29.

2 (From left) Tengku Panglima

Diraja Selangor Tengku Su-
laiman Shah, Nestlé (M) Bhd
Tan Seri Syed Anwar Jamalull-
ail, Sultan of Selangor Sultan
Sharafuddin Idris Shah, Selangor
Menteri Besar Mohamed Azmin
Ali, and Nestle (M) managing
director Alois Hofbauer at the
launch of Nestle factory in Sri
Muda, Selangor on Oct 27.

3 (From left) 2010 CIMB Classic

winner Ben Crane, SapuraKen-
cana Petroleum Bhd president
and group chief executive officer
Tan Sri Shahril Shamsuddin,
second in the Asian Tour Order
of Merit Scott Hend, and CIMB
Group Holdings Bhd chairman
Datuk Seri Nazir Razak at a pri-
vate dinner jointly hosted by Na-
JET SET WITH SETIA ... A group photograph of winners of the second draw of S P Setia’s Jet Set with Setia campaign in Setia Alam, Shah Alam in Selangor on Oct 31. zir and Shahril in the lead up to
Also seen is Canon Marketing (M) Sdn Bhd marketing manager Nicole Lim (back row, sixth from left).
the 2015 CIMB Classic in Kuala
Lumpur on Oct 27.

4 (From left) Kim Teck Cheong

Consolidated Bhd (KTC) group
managing director Datuk Lau
Koh Sing, executive director Dex-
ter Lau, and associate director of
treasury Christina Yap Chui Fui
at a press conference following
KTC’s initial public offering pros-
tectus launch in Kuala Lumpur
on Oct 28. — Photo by Mohd
Suhaimi Mohamed Yusuf

5 (From left) Employees Provi-

dent Fund (EPF) deputy chief
executive officer (CEO) for in-
1 2 vestment Mohamad Nasir Ab
Latif, chairman Tan Sri Samsu-
din Osman, CEO Datuk Shahril
Ridza Ridzuan at the EPF global
private equity summit in Kuala
Lumpur on Oct 29. — Photo By
Sam Fong

6 (From left) KPMG Tax Services

Sdn Bhd chief operating officer
Nicholas Crist, KPMG Malaysia
head of tax Tai Lai Kok, and tax
leader of goods and services tax
initiative Bob Kee at the KPMG
Malaysia tax summit media con-
ference 2015 on Oct 28. — Photo
by Patrick Goh
3 4

5 6
20 FO CU S M ON DAY N OVEM B ER 2 , 2 0 1 5 • TH EEDGE FI N AN C I AL DAI LY MO

One of two bulls used

to pull the chariot.
Photos by Hasnoor 04
Hussain/The
Malaysian Insider

Nine nights in
homage of Durga 06

ON the first nine days of Ashvin, the seventh month in the Hindu
calendar, Hindus celebrate “Sharad Navratri” — the most popular of the
five Navratri festivals in a year. The festival, which fell on Oct 13 and
ended on Oct 22 this year, is dedicated to Durga, the divine mother and
goddess of victory of good over evil. For nine days, Hindus worship her 01
nine avatars — Sailaputri, Brahmacharini, Chandraghanta, Kushmanda,
Skandamata, Katyayani, Kalaratri, Mahagauri and Siddhidatri. Prayers are
offered by devotees seeking blessings from the goddess. Some devotees
fast and others follow a vegetarian diet. In Penang, Hindus celebrate the
end of the festival with an annual chariot procession, where the statue
of Durga is brought out of the Sri Kunj Bihari Mandir in Jalan Penang
and placed on a chariot. The statue then travels down the streets of the
Unesco World Heritage City of George Town. — The Malaysian Insider

08
01. Pottu or a red dot being
placed on the forehead
of devotees after special
prayers.

02. Devotees performing the

Dandiya Raas or sword
dance, a folk dance which
originated from Gujarat,
in front of the chariot
carrying the statue of
Durga.

03. The chariot carrying

Durga in Lebuh King,
George Town, during the
Navratri procession.

02 03 10
M O N DAY N OV E MBE R 2, 2015 • T HEED G E FINA NCIA L DA ILY
FO CU S 21

04 05

06

07

04. Devotees performing the

Dandiya Raas dance in front
of the chariot carrying the
Goddess Durga during the
procession.

05. Men with the Durga deity in

the chariot.

06. A devotee praying to Durga

while the chariot carrying the
goddess passes by.

07. The Durga deity being

08 09 brought out of the Sri
Kunj Bihari Mandir for the
procession.

08. Devotees carrying Durga

during the procession.

09. Volunteers at the Sri Kunj

Bihari Mandir in Jalan
Penang preparing for special
prayers.

10. Devotees at the temple during

Navratri.

11. Devotees adjusting their

headbands as they prepare to
perform during the festival.

10 11
22 W O R L D B U S I N E S S
China official services PMI slows to 53.1
BEIJING: Growth in China’s services
industry cooled last month, an official
survey showed yesterday, suggesting
pressures on the world’s second-larg-
est economy may be mounting de-
spite a raft of stimulus measures.
The services sector has been the
lone bright spot for the economy in
the last few years, helping to offset
a faltering factory sector, but it too
Lots of room left for Chinese
consumption to grow
Premier Li says the country possesses a large market and has potential
SEOUL: China is firmly committed
to restructuring and reforms and
consumption has “a lot of room”
to grow, Premier Li Keqiang said
yesterday, dismissing concerns
that the economy may be at risk
of a hard landing.
The world’s second-largest
economy continues to grow at
nearly 7%, Li told a gathering of
business leaders in South Korea,
which counts China as its largest
export market.
“The Chinese economy will
maintain a mid to high level of
growth for quite some time in
the future,” Li said, according to
comments released by the Kore-
an Chamber of Commerce and
Industry, one of the groups that
hosted the premier.
“We will firmly pursue restruc-
turing and reform. There may be
fluctuations in economic indicators
but there will not be major ones.”
Li is on an official visit to South
Taiwan ranks 11th among 189 in
global ‘Doing Business’ report
TAIPEI: Taiwan placed 11th
among 189 economies world-
wide in the Doing Business 2016
survey released last Wednesday
by the World Bank.
Scoring 80.55 points out of a
possible 100, the nation moved
up eight places in the latest edi-
tion of the global survey. Singa-
pore, New Zealand and Denmark
were the top three in that order.
The ranking is Taiwan’s
best-ever performance in the re-
port. The country has climbed 50
places over the past seven years,
demonstrating that economic
reforms enacted since 2008 are
paying dividends, according to
the National Development Coun-
cil (NDC).
“These efforts aim to bring lo-
cal business practices and legal
frameworks in line with glob-
al standards, and also include
measures to bolster infrastructure
development and government
has begun to show signs of fatigue
in recent months as consumers grow
more cautious.
The official non-manufacturing
Purchasing Managers’ Index fell
to 53.1, from September’s 53.4, ac-
cording to the National Bureau of
Statistics.
The activity reading, while still
robust, is the lowest since the depths
Korea and attended the first sum-
mit of the leaders of South Korea,
Japan and China in more than three
years yesterday.
“China possesses a large market,
and it has potential, in particular,
the consumption potential has not
been fully realised,” he said. “We
believe Chinese consumption is
at half [its capacity]. There is still
a lot of room.”
China said last week that it will
significantly increase the share
of consumption in its economic
growth in the next five years and
increase its targeted adjustment to
economic policy to keep growth at
a relatively quick pace.
Li said it is natural for the rate
of growth to slow as the economy
grows in scale.
“You may have seen reports that
the Chinese economy is continu-
ously slowing, but when you look
at the figures, the rate is gradually
falling.” — Reuters
efficiency,” an NDC official said.
Among the 10 categories used
by the survey to assess an econ-
omy’s ease of doing business,
Taiwan fared best in getting elec-
tricity, scoring 99.43 and trail-
ing only South Korea. The report
commended a streamlined pro-
cedure implemented by the lo-
cal utility operator for obtaining
electricity connections.
Taiwan performed strongly in
dealing with construction per-
mits as well, moving up five spots
from last year to sixth, with the
survey highlighting the efficiency
and quality of the local building
permit system.
The nation also made im-
pressive gains in other rankings,
jumping from 93rd to 16th in en-
forcing contracts, from 30th to
25th in protecting minority in-
vestors and from 40th to 18th in
registering property. — Taiwan
Today
of global financial crisis. A reading
above 50 points indicates an expan-
sion in activity on a monthly basis,
while one below that points to a con-
traction.
The services sector has account-
ed for the bigger part of China’s eco-
nomic output for at least two years,
with its share rising to 48.2% last
year, compared with the 42.6% con-
Li (right) speaking as South Korean President Park Geun-hye looking on during a news
conference after the first summit of the leaders of South Korea, Japan and China in
more than three years at the Presidential Blue House in Seoul yesterday. Photo by
Reuters
S Korea banks to shift 14.3 tril
won to smaller firms by 2018
SEOUL : South Korea said two
state-owned banks will shift some
14.3 trillion won (RM53.43 bil-
lion) in yearly lending and invest-
ment from larger companies to
start-ups and small- and medi-
um-sized companies by 2018, a
move spurred on by some huge
corporate losses and a darkening
economic outlook.
Korea Development Bank
(KDB) and the Industrial Bank of
Korea also will move 9.9 trillion
won in yearly lending and invest-
ment by 2018 from established in-
dustries such as shipbuilding and
automobiles to growth industries
such as wearable tech, regulator
Financial Services Commission
said in a statement yesterday.
The South Korean govern-
ment recently has pushed to
tackle mounting corporate debt
in Asia’s fourth-largest economy
that is partly due to huge losses in
M ON DAY N OVEM B ER 2 , 2 0 1 5 • TH EEDGE FI N AN C I AL DAI LY
tribution from manufacturing and
construction.
Data last week showed China’s
economy grew 6.9% between July and
September from a year earlier, dip-
ping below 7% for the first time since
the global financial crisis, though
some market watchers believe cur-
rent growth is much weaker than gov-
ernment figures suggest. — Reuters
companies state banks have con-
trolled or funded for years, such
as Daewoo Shipbuilding & Marine
Engineering, the world’s largest
shipyard by order book.
KDB and the state-run Ex-
port-Import Bank of Korea said
last month they would provide
about 4.2 trillion won in a rescue
package for Daewoo, which em-
ploys more than 40,000 people
including subcontractors.
But with domestic economic in-
dicators worsening, China’s growth
slowing and higher US interest
rates looming, the regulator said
state-run banks need to do more to
restructure “zombie” corporations
and focus funding on start-ups and
growth areas instead.
Zombie companies often are
defined as firms that require con-
stant bailouts or don’t make suffi-
cient profits to pay down the prin-
cipal on their debt. — Reuters
IN BRIEF
NOL deeper in the red with
net 3Q loss of US$96.1m
SINGAPORE: Muted global de-
mand in the shipping indus-
try and lower freight rates have
dragged Neptune Orient Lines
(NOL) deeper into the red, with
a net loss of US$96.1 million
(RM409.39 million) for the third
quarter, The Straits Times report-
ed on Saturday. This is more than
treble the loss of US$23.1 million
in the same period last year. Net
loss from continuing operations
for the three months to Sept 30
was up 84%, the shipping com-
pany said in a statement. Reve-
nue sank 28% to US$1.21 billion,
mainly due to lower liner revenue
from void sailings, the absence
of peak summer season, weak
container trade demand and the
challenging freight rate environ-
ment, said NOL.
Japan and Canada
agree to promote TPP
TOKYO: Japan’s Prime Minis-
ter Shinzo Abe and Canada’s
prime minister-designate Jus-
tin Trudeau agreed to promote
the Trans-Pacific Partnership
(TPP), both seeing the free-trade
deal as beneficial to the region,
Japan’s foreign ministry said in
a statement. The two leaders ex-
changed views on the pact during
a 15-minute telephone call last
Friday, Japan’s foreign ministry
said. Last month, 12 Pacific Rim
countries including Japan and
Canada agreed the TPP, a pact
which aims to liberalise com-
merce in 40% of the world’s econ-
omy by reducing or eliminating
tariffs on almost 18,000 catego-
ries of goods. — Reuters
UOB to hand out bumper
special dividend
SINGAPORE: United Overseas
Bank (UOB) will reward share-
holders with a bumper special
dividend to commemorate the
bank’s 80th anniversary, it an-
nounced last Friday, The Straits
Times reported. The 20-Singa-
pore-cent (61 sen) payout, which
will cost the bank around S$322
million, can be taken in cash or
new stock. UOB has already paid
an interim dividend of 35 Singa-
pore cents per share this year.
Investors cheered the news and
made a beeline for UOB shares
last Friday, sending the counter
up 29 Singapore cents or 1.45% to
S$20.33 despite the subdued set
of numbers for the third quarter.
UIC posts 9% rise in 3Q
earnings to S$65.3m
SINGAPORE: United Industri-
al Corp (UIC) has posted a 9%
rise in third-quarter earnings to
S$65.3 million (RM198.72 mil-
lion), The Straits Times reported
last Friday. UIC’s revenue for the
three months to Sept 30 was up
6% at S$189.4 million, due mainly
to higher sales of trading proper-
ties, which rose by 25% to $$65.9
million as a result of higher sales
and progressive sale recognition
for the group’s residential pro-
jects. Revenue from hotel oper-
ations eased 4% to S$37.2 mil-
lion. Gross rental income from
investment properties fell slightly
by 2% to S$67.3 million.
M ON DAY N OV E MB E R 2, 2015 • T HEED G E FINA NCIA L DA ILY
Fed’s updated model
suggests time to raise rates
It may hold clues into why policymakers pivot towards December increase
BY C RA I G TORRES
NEW YORK: The US Federal Reserve
(Fed) released an updated version
of its large-scale model of the US
economy that may hold clues into
why policymakers pivoted in their
meeting earlier last week towards
a December interest-rate increase.
The revised inputs and calcula-
tions last Friday suggest the econ-
omy will use up resource slack by
the first quarter of 2016, according
to an analysis at Barclays plc, and
Silicon Valley
granddaddy HP
readies break-up
BY SOPH I E EST I ENN E
SAN FRANCISCO: Seventy-seven
years after Bill Hewlett and Dave
Packard began tinkering in a Palo
Alto garage, the company that be-
came the foundation of Silicon Val-
ley is breaking up.
Hewlett-Packard (HP) yester-
day officially split into two entities,
opening a new chapter for the US
technology legend.
The computer colossus is be-
ing divided into HP Enterprise,
focusing on software and business
services, and HP Inc, which keeps
the personal computer (PC) and
printer operations.
The aim is to develop a sharper
focus both for the enterprise unit
and the PC-printer division that
made it a household name but has
become fiercely competitive and
less lucrative in recent years.
The new structure splits off the
computer arm that became for a
time the world’s biggest PC maker,
following HP’s 2002 acquisition of
Compaq.
The controversial deal was engi-
neered by then chief executive Carly
Fiorina — now running for the Re-
publican nomination for president.
Tom Bittman, an analyst at re-
search firm Gartner, said the cur-
rent tech landscape calls for this
approach, with flexibility more im-
portant than size.
“The market right now needs to
move in this kind of direction, more
focused and more nimble than in
[the] Carly Fiorina era, when com-
peting with IBM, not Amazon, was
critical,” Bittman told AFP.
It remains to be seen whether
the break-up will revitalise a com-
pany that has been in a defensive,
restructuring mode for several years
as it lost ground to rivals like Chi-
nese PC maker Lenovo, and as the
tech sector’s leadership was taken
over by mobile-focused Apple and
Google. — AFP
that also indicates Fed staff low-
ered their near-term estimate for
how fast the economy can grow
without producing inflation — a
concept known as potential growth.
“The output gap appears closed,”
said Michael Gapen, chief US econ-
omist at Barclays’ investment-bank-
ing unit in New York. “This means
further progress would lead to re-
source scarcity and potential up-
ward pressure on inflation in the
medium term.”
Gapen said that may explain why
Draghi says further stimulus
remains ‘open question’
BY ALESSANDRO S P EC I ALE
MALTA: European Central Bank
(ECB) president Mario Draghi said
it’s still an “open question” wheth-
er adding further stimulus will be
necessary in the ECB’s next policy
meeting in December.
“If we are convinced that our
medium-term inflation target is
at risk, we will take the necessary
actions,” he said in an interview
with Italy’s Il Sole 24 Ore published
on Saturday. “We will see whether
a further stimulus is necessary,”
Draghi said, adding that it was
“too early” to pass judgement on
lowering the deposit rate further
below zero.
At a press conference in Malta
on Oct 22, Draghi said the govern-
ing council would re-examine its
current stimulus policies, includ-
ing the size, duration and compo-
sition of its quantitative-easing
Morgan Stanley to face insider trading claims
BY BR ENDAN PI E RS O N
NEW YORK: In a trial starting to-
day, Morgan Stanley confronts a
Russian billionaire’s claims that
it illegally short-sold a company
based on inside information at the
height of the financial crisis.
The lawsuit against the glob-
al financial services firm is being
brought in Manhattan’s feder-
al court by Veleron BV, a Dutch
company created as an investment
vehicle by Russian tycoon Oleg
Deripaska, who is also founder of
United Company Rusal plc, one
of the world’s largest aluminium
companies.
Veleron claims that Morgan
Stanley obtained inside informa-
tion through a relationship it had
with the company’s lender.
US central bankers signalled last
week that they will consider the first
interest-rate increase since 2006 in
their next meeting on Dec 15 and 16.
The model assumes that the
Federal Open Market Committee
(FOMC) raises the benchmark
lending rate in late 2015. Howev-
er, immediate lift-off has “been a
feature” of the model since late
2014, Barclays noted.
Fed spokesman David Skidmore
declined to comment.
In the current model, “the long-
programme in its Dec 3 meeting.
Seven months after starting as-
set purchases, the ECB is faced
with stagnant prices on the back
of weak oil prices, while slowing
global demand threatens the re-
gion’s recovery.
“We expect inflation to remain
close to zero, and maybe even to
turn negative, at least until the start
of 2016,” Draghi is cited as saying in
Il Sole. “After that, the effect of the
sharp decline in oil prices that we
have seen between the end of 2014
and the end of this year will dis-
appear from the one-year-ahead
annual price index. This will lead
to a purely mechanical increase
in annual inflation.””
The ECB will publish updat-
ed forecasts for growth and infla-
tion in December. In September,
it predicted prices would rise 1.1
percentage points in 2016 and 1.7
percentage points in 2017.
The dispute arose from Deripas-
ka’s 2007 investment through Veler-
on in Canadian auto parts maker
Magna International. That invest-
ment was financed with a US$1.2
billion loan from BNP Paribas, with
Veleron’s Magna shares as collateral.
Though Morgan Stanley was
not directly involved in that loan,
it entered into a swap agreement
with BNP Paribas under which it
assumed some of the risk of the
loan in exchange for fixed payments.
On Sept 29, 2008, with Magna’s
stock falling amid the global finan-
cial crisis, BNP made a US$93 mil-
lion margin call to Veleron. Morgan
Stanley subsequently learned from
BNP that Veleron would likely not
meet the margin call and would
have to liquidate its Magna stock.
That information was forwarded
W O R L D B U S I N E S S 23
run growth rate is two-tenths lower”
at 2%, Barclays said. FOMC partici-
pants forecast the economy’s long-
run growth rate at 2% in September.
The unemployment rate stood
at 5.1% in September, and the Fed
model assumes little change from
that level, dipping to a low of 4.8%
in a forecast horizon that extends to
2020, according to Barclays. FOMC
officials estimated full employment
— or the level of the unemployment
rate consistent with stable prices —
at 4.9% last month. — Bloomberg
Draghi’s words in Malta sparked
a rally in eurozone bonds. The
yield on two-year German notes
plunged and money markets also
rallied. Italy’s two-year note yield
also briefly turned
negative for the
first time after
the ECB pres-
ident spoke.
— Bloomberg
Draghi: If we are
convinced that our
medium-term
inflation target
is at risk, we
will take the
necessary
actions.
Photo
by
Reuters
from Morgan Stanley’s global capital
market group to one of its traders,
Kerim Tuna, who traded mostly
for Morgan Stanley’s own account.
Tuna immediately began
short-selling Magna stock, accord-
ing to court papers. Morgan Stanley
stood to lose US$6.6 million because
of Veleron’s default, but thanks to
Tuna’s short-selling, it was able to
offset US$4.6 million of that.
The lawsuit claims that Mor-
gan Stanley’s actions constituted
insider trading because Morgan
Stanley used its knowledge of Ve-
leron’s impending default for its
own benefit days before it became
public. The lawsuit claims that the
short-selling drove down the price
of Magna stock. It seeks more than
US$10 million (RM42.6 million) in
damages. — Reuters
IN BRIEF
Vodafone says hackers
broke into nearly 2,000
customer accounts
LONDON: Vodafone UK said
on Saturday hackers had ac-
cessed the accounts of 1,827
of its customers this week, the
second cyberattack on a British
telecoms company last month.
The attackers had potentially
gained access to the victims’
bank sort codes and the last
four numbers of their bank ac-
counts, along with their names
and mobile telephone num-
bers, a Vodafone spokesman
said. “This incident was driven
by criminals using email ad-
dresses and passwords acquired
from an unknown source ex-
ternal to Vodafone,” he added
in a statement. Only a handful
of those affected in last Thurs-
day morning’s attack had seen
any attempts to use their data
for fraudulent activity on their
Vodafone accounts. — Reuters
Saudi’s deficit this year
‘manageable’ — minister
MANAMA: Saudi Arabia’s fi-
nancial deficit this year is man-
ageable despite the low oil pric-
es, and the kingdom’s economic
growth rate and financial health
will stay strong, Foreign Minis-
ter Adel al-Jubeir said at a secu-
rity conference in Bahrain on
Saturday. “The deficits that the
kingdom will be running this
year are manageable,” he told
reporters. Last Friday, Stand-
ard & Poor’s (S&P) cut its rat-
ings on Saudi Arabia’s long-
term foreign and local currency
sovereign credit by one notch
to “A-plus/A-1”, citing a “pro-
nounced negative swing” in the
government’s budget balance.
The kingdom’s finance ministry
later described S&P’s decision
as reactionary. — Reuters
ECB reveals capital
hole in Greek banks
FRANKFURT: Greece’s banks
need to raise more than €14
billion (RM65.71 billion) of ex-
tra capital to cover mounting
unpaid loans, the European
Central Bank said on Saturday
as it announced the results of
stress tests intended to rehabil-
itate Greek lenders. The capital
hole has emerged chiefly due
to the rising number of Greeks
unable or unwilling to repay
their debts, after a dispute over
reforms between the leftist
government and internation-
al lenders almost saw Greece
leave the euro. — Reuters
Lufthansa’s crew union
says pay talks have failed
FRANKFURT: Talks between
Lufthansa and its main cabin
crew union have failed, the un-
ion said on Saturday, raising the
prospect of more strikes at the
German carrier. Lufthansa is in
talks with various staff groups
as it seeks to cut costs in order
to compete better with low-
cost carriers and Gulf rivals. A
long-running dispute with its
pilots over pay and conditions
has already resulted in more
than a dozen strikes over a pe-
riod of 18 months. — Reuters
24 WORLD
‘No bomb blast on Maldives president’s boat’
COLOMBO: The Federal Bureau of
Investigation (FBI) has said it found
no evidence an explosion on board
the Maldives president’s boat was
caused by a bomb, a report said,
raising questions about his depu-
ty’s arrest over the incident.
President Abdulla Yameen was
unharmed in the blast on his speed
boat which authorities described
as an assassination attempt. The
Sept 28 explosion left his wife and
Bomb kills at
least three on
Pakistan train
— officials
QUETTA: At least three peo-
ple were killed and 12 wound-
ed when a passenger train hit
a bomb planted on a railway
track in southwest Pakistan
yesterday, officials said.
The bomb exploded when
the train reached Mastung, a
district in Pakistan’s insurgen-
cy-hit southwestern Baluch-
istan province.
“The bomb was planted on
the railway track. It exploded
when the train reached Dasht
area (part of Mastung).” Shafqat
Anwar, a senior government
official on site told AFP.
Anwar said the Jaffar express
was travelling from Quetta, the
main town of Baluchistan, to
the garrison city of Rawalpin-
di in central Punjab province.
One passenger wagon was
damaged after it was derailed by
the impact of the blast, he said.
“At least three passengers
have been killed, two on spot
while another succumbed to
his injuries on his way to hos-
pital.” Anwar said.
Anwar Sammo, another sen-
ior government official, told
AFP that an IED (improvised
explosive device) was used in
the attack.
“The IED was planted on the
railway track. All those killed
and injured were railway em-
ployees.” Sammo told AFP,
adding that some 650 passen-
gers were travelling in the train.
No group has yet claimed
responsibility for the attack but
Baluch separatists demanding
greater autonomy have been
waging an insurgency for years
and the province is also riven
by sectarian strife and Islamist
violence. — AFP
Bangladesh teachers, students rally against latest killing
DHAKA: Protesters rallied in the
Bangladesh capital yesterday over
the latest attacks against secular
writers and publishers, accusing
the government of failing to halt
rising deadly violence blamed on
hardline Islamists.
Teachers, writers, students
and other protesters converged
on Dhaka University to vent their
anger, one day after a gang of men
two others slightly injured.
Police arrested vice president
Ahmed Adeeb nearly a month later
for treason as he returned to the
Indian Ocean archipelago from
an official trip abroad.
The arrest followed a series of
sackings of government officials
including Yameen’s defence min-
ister, which have fuelled concerns
of political instability and further
damaged Maldives’ image as an
Egypt widens
search for victims
163 bodies of 224 people on board the Airbus 321 found
EL-HASSANA: Yesterday the Egyp-
tian rescue teams were looking for
more victims of a Russian passenger
plane crash in Sinai, widening the
search after finding bodies scattered
across eight square kilometres a day
after the incident.
A military officer helping with
the search told AFP that rescuers
had found 163 bodies out of a total
of 224 people who were on board the
Airbus 321, which crashed after tak-
ing off from a Red Sea beach resort.
The plane was carrying 214 Rus-
sian and three Ukrainian passengers,
along with seven crew members.
Rescuers have decided to widen
the search perimeter to 15 square
armed with machetes and cleav-
ers hacked to death a publisher of
secular books.
Two secular bloggers and an-
other publisher were also badly
injured in a similar and separate
attack in Dhaka on Saturday, leav-
ing them in pools of blood in their
office.
“First they targeted the writers,
and now the publishers and soon
upmarket tourist destination.
After a review of evidence, the
FBI found that debris from the
blast, first considered possible
remnants of a bomb, were in fact
parts of the boat, The Wall Street
Journal reported on Saturday.
“There is no conclusive evi-
dence to attribute the explosion
on the boat to an IED (improvised
explosive device).” a FBI spokes-
man told the journal.
kilometres (six square miles), the
officer added.
“We found a three-year-old girl
eight kilometres from the scene” of
the main wreckage, he told AFP from
military base in El-Hassana, around
60km from the crash site.
Many of the bodies were missing
limbs, said the officer, who request-
ed anonymity because he was not
authorised to speak to the media.
Meanwhile Russian investiga-
tors have arrived in Cairo and will
be given access to the scene of the
wreckage in a remote part of the
restive Sinai Peninsula, the official
MENA (Middle East and North Af-
rica) news agency reported.
they’ll target all of us.” Samina
Luthfa, a teacher at the univer-
sity, told the rally of a couple of
hundred protesters.
“Don’t stay at home, come out
on the street and protest these
killings.” she said at the campus,
Bangladesh’s secular bastion, as
protesters called for similar rallies
elsewhere in the country.
Fears of Islamist violence have
M ON DAY N OVEM B ER 2 , 2 0 1 5 • TH EEDGE FI N AN C I AL DAI LY
The US agency, which had been
asked to assist in the investiga-
tion, had examined the scene of
the blast and chemical trace test-
ing, it said.
The Maldives has faced tough
international criticism over the
jailing in March of its first demo-
cratically elected leader Mohamed
Nasheed, after a rushed trial that
the UN said was seriously flawed.
— AFP
Investigators recovered the plane’s
black box and the government said
its contents were being analysed to
determine the cause of the incident.
Egyptian and Russian investi-
gators will begin examining within
hours the contents of the two black
boxes recovered from the Russian
airliner that crashed over Egypt’s
Sinai Peninsula on Saturday, judicial
and ministerial sources said.
The Embassy of Malaysia in Cairo
has confirmed that so far, no Malay-
sians have been involved in the trag-
edy. The Ministry of Foreign Affairs
of Malaysia will continue to monitor
the situation regarding the tragedy.
— AFP/Reuters
been rising in Muslim-majority
Bangladesh after four atheist blog-
gers were murdered this year, al-
legedly by Islamist hardliners.
Al-Qaeda in the Indian Sub-
continent claimed responsibility
for Saturday’s attacks, along with
the four earlier ones, branding the
victims “blasphemers” and warn-
ing any writers who criticise Islam
of being next in line. — AFP
IN BRIEF
S African state appeal
to push for Pistorius
murder conviction
JOHANNESBURG: Oscar Pisto-
rius has hunkered down under
house arrest, but South African
state prosecutors will appeal in
court for a murder conviction
that would send him back to
jail for years tomorrow. The dis-
graced Paralympic sprinter was
found guilty last year of culpable
homicide, a charge equivalent
to manslaughter, after shooting
dead his girlfriend Reeva Steen-
kamp. At the Supreme Court of
Appeal in Bloemfontein, state
prosecutors will try to convince
judges that Pistorius should be
found guilty of murder and sen-
tenced to a minimum of 15 years
in the prison. At his trial, the
28-year-old was sentenced to
five years, and he was released
two weeks ago after just a year
behind bars to spend the re-
mainder of his term at his un-
cle’s mansion in Pretoria. — AFP
US Navy discovers
wreckage believed to
be cargo ship El Faro
Wreckage believed to be of the
cargo ship El Faro, which was lost
off the Bahamas along with its 33
crew during Hurricane Joaquin,
was discovered on Saturday,
US officials said. El Faro disap-
peared on Oct 1 en route from
Jacksonville, Florida, to Puerto
Rico in the worst cargo shipping
disaster involving a US flagged
vessel since 1983, after the cap-
tain reported a “hull breach” and
said a hatch had blown open.
A search team aboard the US
Naval Ship Apache using so-
nar equipment discovered the
wreckage on Saturday in the area
of El Faro’s last known position
at a depth of 15,000 feet (4,572
metres), the National Trans-
portation Safety Board said in
a statement. — Reuters
UN envoy says expects
Yemen talks by
mid-November
MANAMA: The UN special en-
voy to Yemen said on Sunday he
expects talks between its warring
parties to begin by mid-Novem-
ber, eight months after the start
of a messy civil war that has killed
thousands and caused a human-
itarian crisis. The conflict pits the
Iran-allied Houthi militia and
army units loyal to former pres-
ident Ali Abdullah Saleh against
armed groups who support ex-
iled President Abd-Rabbu Man-
sour Hadi alongside a Saudi-led
Arab coalition. — Reuters
Rap video recorded inside
Georgia jail prompts
investigation
ATLANTA: Georgia authorities
were investigating last Friday
how a group of inmates in a sub-
urban Atlanta jail were able to
make a rap music video using
jailhouse equipment and then
get it posted on social media,
sheriff ’s officials said. The 2-min-
ute-27-second video called Thug-
gin’ Live from DeKalb Jail was
posted on YouTube on Saturday,
Atlanta television station WSB-
TV reported. — Reuters
M ON DAY N OV E MB E R 2, 2015 • T HEED G E FINA NCIA L DA ILY
‘Increasing demand
for US security presence’
Defence summit in Malaysia to discuss developments in South China Sea
BY Y EGA N EH TORB ATI
SEOUL: Disputes over territory in the
South China Sea are causing coun-
tries in the region to increase their
demand for an American security
presence, the United States defence
chief said yesterday.
A US warship sailed within 12 nau-
tical miles of one of China’s man-
made islands in South China Sea
last Tuesday in the most significant
US challenge yet to territorial limits
Beijing claims around the Spratly
archipelago.
The move triggered an angry re-
buke from Beijing and a warning that
a minor incident in the area, which is
one of the world’s busiest sea lanes,
could spark war if the US did not stop
what it called “provocative acts.”
“The attention to disputed claims
in the South China Sea, the promi-
nence of those disputes, is having the
S Korea, China, Japan say ties back
on track after rare summit
BY JU NG HA - WON
SEOUL: The leaders of South Ko-
rea, China and Japan said they were
willing to work together again to
promote regional trade and secu-
rity after setting aside historical
animosities yesterday at their first
summit talks for over three years.
South Korean President Park
Geun-Hye and Chinese and Japa-
nese premiers Li Keqiang and Shin-
zo Abe discussed a wide range of
topics, from free trade to the threat
of North Korea’s nuclear weapons
programme, during a 90-minute
meeting in Seoul. No substantive
breakthrough had been expected,
(From left) Abe, Park and Li attending a business summit in Seoul, South Korea
yesterday. They discussed a wide range of topics from free trade to threat from
North Korea’s nuclear weapons programme. Photo by Reuters
S Korean kidnapped in Philippines found dead
ZAMBOANGA (the Philippines): The
South Korean who was kidnapped
by Muslim extremists in the south-
ern Philippines in January has been
found dead, police and military of-
ficials yesterday.
The hostage, Hong Nwi-Seong,
effect of causing many countries in
the region to want to intensify their
security cooperation with the Unit-
ed States,” US Defense Secretary Ash
Carter told reporters on his way to
South Korea.
Carter said discussions at an up-
coming defence summit in Malaysia
would include developments in the
South China Sea, “the most notable
of which in the last year has been the
unprecedented rate of dredging and
military activity by China.”
Carter was due to arrive in Seoul
later yesterday and is scheduled to
hold talks with South Korea’s defence
chief today, focused on the allies’ re-
sponse to North Korea’s nuclear and
missile programmes.
He later flies to Malaysia for the
meeting of Southeast Asia defence
ministers, which China’s Defence
Minister Chang Wanquan is also due
to attend. — Reuters
with the meeting seen more as a
symbolic statement of intent by
Northeast Asia’s three largest econ-
omies, which all stand to reap sig-
nificant diplomatic and economic
gains from closer ties.
“We shared the view that trilat-
eral cooperation has been com-
pletely restored on the occasion
of this summit,” they said in a
lengthy joint statement after the
meeting.
The focus yesterday was very
much on economic ties, with Chi-
na especially keen to strength-
en trade links as it tries to inject
fresh momentum into its slowing
economy. — AFP
whose age was given as 70, was dis-
covered in Patikul town on the strife-
torn island of Jolo on Saturday, more
than nine months after he was seized
by members of the Abu Sayyaf group,
said Brigadier General Alan Arrojado,
commander of a special antiterror
Avoid provocation,
says US defence chief
BY THO M AS WATK I NS
SEOUL: United States Defense Sec-
retary Ashton Carter yesterday vis-
ited the Demilitarised Zone (DMZ)
dividing the Korean Peninsula, and
renewed calls for North Korea to avoid
provocations and step away from its
nuclear programme.
On a brief trip to the heavily mined
area that for 60 years has been a buff-
er between the Koreas, Carter and
South Korean Defence Minister Han
Min-Koo stood atop a hill known as
Observation Post Ouellette — the
closest post to the demarcation line
between the two nations.
Carter later said the US remains
committed to the six-party talks pro-
cess that seeks the denuclearisation
of the peninsula.
“That remains our policy,” he told
reporters. “We remain committed to
achieving that negotiated outcome
with North Korea, and believe that
they should be on the path of doing
less — and ultimately zero — in the
nuclear field, not to be doing more.”
North Korea has carried out three
nuclear tests and has explicitly in-
task force. Arrojado said the victim
was not killed, but that the Abu Sayyaf
had brought his body to the area “af-
ter the subject’s death due to severe
illness.” The type of illness was not
disclosed, but local military spokes-
man Captain Antonio Bulao said the
Carter: The
attention to
disputed claims
is having the
effect of causing
many countries
in the region to
want to intensify
their security
cooperation with
the US. Photo by
Reuters
dicated its intention to carry out a
fourth.
It abandoned the six-party talks,
which also grouped South Korea,
China, Russia, the US and Japan, in
April 2009.
“We continue to call on North Ko-
rea to maintain peace and stability
on the peninsula, avoid provoca-
tions, avoid adding to tensions on
the peninsula and to take the steps
that are called for in the six-party talks
to denuclearise the peninsula,” the
Pentagon chief said.
Carter spent about 10 minutes
peering at the fence and wooded
area that leads into North Korea. He
then went to the nearby Joint Security
Area, where soldiers from either side
of the border stand facing each other
only yards apart. At one point, a pair
of North Korean soldiers marched to
within a short distance of their side of
the border and made a show of pho-
tographing visitors across the way.
“Being here shows you up close
just how dangerous this part of the
world is,” Carter said. “That’s why our
alliance with South Korea is iron-clad
and strong.” — AFP
South Korean had been reported to
be sick for the past few weeks and had
died three to five days ago.
A South Korean foreign ministry
official had earlier confirmed the
death, South Korea’s Yonhap News
Agency reported. — AFP
W O R L D 25
IN BRIEF
Guinea court confirms
President Conde’s
re-election
CONAKRY (Guinea): Guinea’s
Constitutional Court on Saturday
formally confirmed President Al-
pha Conde’s landslide re-election
victory, dismissing opposition
claims of vote rigging and fraud
in the contested Oct 11 polls.
Reading the final results, court
president Kelefa Sall said Conde
took 57.84% of the vote in the first
round, or 2,284,827 of ballots
counted, in line with the results
announced earlier this month
by the Independent National
Electoral Commission. Conde
is therefore “declared president
of the republic with a mandate
that runs from Dec 21, 2015 to
Dec 21, 2020,” Sall said in a pub-
lic address in the capital Cona-
kry. Appeals lodged by three of
the seven candidates who ran
against Conde that had called
for the vote to be annulled were
rejected by the court, with Sall
saying their complaints either
lacked proof or had no bearing
on the results. — AFP
Huge crowds gather for
Myanmar opposition rally
YANGON: Tens of thousands of
supporters of Myanmar oppo-
sition leader Aung San Suu Kyi
gathered in Yangon yesterday
for her party’s largest rally so far,
a week before the country votes
in landmark elections. Myanmar
heads to the polls next Sunday in
what observers and voters are
hoping will be the fairest election
in decades as the nation slowly
shakes off years of brutal and
isolating junta rule. It is the first
nationwide polls in a quarter of
a century to be contested by Suu
Kyi’s pro-democracy party, po-
tentially tipping the balance of
power away from the military and
its ruling party allies for the first
time in generations, if the vote is
free. Suu Kyi was expected to give
one of her final speeches later in
day as electioneering enters its
final stretch. — AFP
Libya court adjourns
trial of Gaddafi son
TRIPOLI: Saadi Kadhafi, a son
of Libya’s slain dictator Moamer
Gaddafi, appeared in court yes-
terday to face trial on charges of
murder and repression during the
2011 revolution. Saadi, 42, sat in
the dock as the presiding judge
consulted with a defence law-
yer. Minutes later the judge an-
nounced that he was adjourning
the trial to Dec 6. He gave no rea-
son for the delay. He is charged
with the first-degree murder in
2005 of a former trainer at Trip-
oli’s Al-Ittihad football club and
his trial opened in May. — AFP
11 migrants drown
off Greece
ATHENS: Eleven migrants, in-
cluding six children — four of
them babies — drowned yester-
day in a new tragedy off the Greek
island of Samos, coastguards said.
Ten of the dead were found in the
cabin of the boat, which over-
turned as it made the hazardous
crossing from the nearby Turkish
coast, authorities said. — AFP
26 WORLD
US-backed offensive launched against IS
BY JOHN DAVI SON
BEIRUT: A newly formed US-
backed Syrian rebel alliance on
Saturday launched an offensive
against the Islamic State (IS) in
the northeast province of Hasaka,
a day after the United States said it
would send special forces to advise
insurgents fighting the jihadists.
It was the first declared opera-
tion by the Democratic Forces of
Syria, which joins together a US-
backed Kurdish militia and several
Palestinian
wielding knife
shot dead —
Israeli police
JERUSALEM: Israeli security
forces shot and killed a Pales-
tinian who ran at them with
a knife in the occupied West
Bank on Saturday, police said,
as a month-long wave of vi-
olence showed no signs of
abating.
An Israeli police spokesman
said that at a checkpoint in the
northern West Bank a Palestin-
ian holding a knife ran toward
a security officer who called on
him to stop.
“When he did not heed
those calls the security man
shot toward him in order to
neutralise him and as a re-
sult the terrorist was killed,”
spokesman Luba Samri said.
This month’s surge in violence,
the worst since the 2014 Gaza
war, arose in part from religious
and political tensions over the
al-Aqsa mosque compound in
Jerusalem’s walled Old City
that is sacred to both Muslims
and Jews.
A growing number of visits by
religious Jews to the al-Aqsa pla-
za — Islam’s holiest site outside
Saudi Arabia and revered in Ju-
daism as the location of two de-
stroyed biblical temples — have
stirred Palestinian allegations
that Israel is violating a “status
quo” under which non-Muslim
prayer there is banned.
Israel says such allegations
are false and that their voicing
by Palestinian officials and cir-
culation in Arab social media
have been inciting the violence.
Since the latest unrest began
on Oct 1, at least 65 Palestin-
ians have been shot dead by
Israelis. Eleven Israelis have
been killed in stabbings and
shootings. — Reuters
Turkey death toll from bootleg booze rises to 18
ISTANBUL: The death toll in Tur-
key from drinking bootleg liquor
has risen to 18 after six more peo-
ple died in hospital over the past
two days, state media said yes-
terday.
The victims had all consumed
raki, a strong aniseed-flavoured
Syrian Arab rebel groups, since it
announced its formation earlier
this month.
World powers and regional rivals
are convening in Vienna to seek a
solution to the four-year conflict in
Syria that has escalated since Rus-
sia intervened a month ago with an
intense air campaign.
Fighting in Hasaka had begun
after midnight, a spokesman for
the alliance said. A group moni-
toring the war reported fighting
and coalition air strikes in the area.
Divided Turkey
holds critical vote
Turnout expected to be high, AKP tipped to win 40%
BY BUR AK AK I NC I WI TH G O K AN
GUNES IN D I YARBAK I R
ANKARA: Turks were voting yes-
terday in one of the most crucial
elections in years, as the deeply
divided country confronts a bloody
wave of jihadist attacks and a re-
newed Kurdish conflict.
The poll is the second in just
five months, called after President
Recep Tayyip Erdogan’s Justice and
Development Party (AKP) lost its
parliamentary majority in June for
the first time in 13 years and then
failed to forge a coalition govern-
ment.
Opinion polls were, however,
predicting a replay yesterday, leav-
ing the strategic Muslim-majority
nation at risk of further instability
just as it is facing what some ob-
servers warn are existential threats.
Around 385,000 police and gen-
darmes have been mobilised na-
tionwide, with security particularly
high in the restive Kurdish-majority
southeast, where armoured vehi-
cles and police were seen outside
polling stations.
Turks are fearful of a return to
all-out war with outlawed Kurd-
istan Workers’ Party (PKK) rebels
after renewed violence shattered
a 2013 truce in July, just a month
after a pro-Kurdish party took up
seats in parliament for the first time,
denying the AKP a majority.
The threat of further jihadist vi-
olence is also overshadowing the
election after a string of attacks
liquor which is Turkey’s national
drink, which health authorities
believe had been infused with le-
thal quantities of methyl alcohol.
Another 15 are in critical con-
dition in hospital in Istanbul after
drinking the tainted alcohol, the
Anatolia news agency said.
A video posted earlier on
YouTube announced the offensive
in southern Hasaka, and showed
several dozen men in fatigues
standing outdoors with yellow flags
and banners carrying the name of
the Democratic Forces of Syria in
Arabic and Kurdish.
The campaign would “continue
until all occupied areas in Hasaka
are freed from Daesh”, a spokesman
for the alliance’s general command
said in the video, using an Arabic
name for IS. He urged residents to
blamed on the Islamic State group,
including twin suicide bombings on
an Ankara peace rally that killed 102
people — the worst in the country’s
modern history.
Turnout is expected to be high
among the 54 million registered
voters and there were early queues
at polling stations.
First results are expected at
around 1800 GMT, four hours af-
ter voting ends.
It said police had arrested at
least 14 people and seized thou-
sands of bottles in several opera-
tions across the country.
The suspects have been charged
with involuntary homicide.
A total of 89 people have been
admitted to hospitals for alcohol
M ON DAY N OVEM B ER 2 , 2 0 1 5 • TH EEDGE FI N AN C I AL DAI LY
stay away from IS-controlled areas
of Hasaka.
Another spokesman later said
alliance forces had already attacked
IS fighters.
The US’ decision to station ground
troops in Syria comes after it dropped
ammunition to rebel groups in north-
ern Syria several weeks ago.
Washington’s strategy in Syr-
ia has shifted from trying to train
fighters outside the country to sup-
plying groups headed by US-vetted
commanders. — Reuters
Erdogan’s conservative, Islam-
ic-leaning AKP is tipped to win
between 40 and 43%, paving the
way either for a shaky coalition that
many analysts say will not last long,
or yet another election.
With the country deeply polar-
ised along ethnic and sectarian
lines and its economy faltering,
Prime Minister Ahmet Davutoglu
called on Saturday on voters to
choose “stability”. — AFP
poisoning since last Wednesday.
Distributors at the time blamed
successive tax hikes on alcohol,
which critics of President Recep
Tayyip Erdogan say are part of a
bid by the former Istanbul mayor
to impose conservative Islamic
restrictions on society. — AFP
IN BRIEF
Construction begins in
Bahrain of permanent
British army base
DUBAI: Construction work has
begun in Bahrain to build Brit-
ain’s first permanent military
base in the Middle East since
it 1971, amid security threats
in the region, Bahrain’s state
media reported yesterday. “The
groundbreaking ceremony for
the establishment of the ma-
rine facilities headquarters in
the kingdom of Bahrain” was
launched on Saturday, the offi-
cial BNA news agency. The cer-
emony was attended by British
Foreign Secretary Philip Ham-
mond and Bahraini Foreign
Minister Sheikh Khalid al-Khal-
ifa, it said. — AFP
US secretary of state
in first meeting with
autocratic Uzbek leader
SAMARKAND (Uzbekistan):
US Secretary of State John Ker-
ry met Uzbekistan President
Islam Karimov yesterday dur-
ing a tour of central Asia, a rare
high-level US encounter with
the autocratic ruler. The two
held talks in the ancient Uzbek
city of Samarkand on the fringes
of a diplomatic gathering of his
five central Asian counterparts
aimed at reassuring them of
Washington’s continued en-
gagement in a region seen as
exposed to militants. Most of
the five former Soviet republics
have poor human rights records.
Kerry is seeking to persuade
governments that Washington’s
interest in the region, which lies
to the north of Afghanistan, is
not waning. — Reuters
Islamist al-Shabaab
attacks Somali hotel,
kills at least 11
MOGADISHU: Two bombs
ripped into a hotel in the So-
mali capital yesterday and se-
curity forces fought Islamist
al-Shabaab gunmen who
stormed inside the building
for hours afterwards, police
and witnesses said. At least 11
people were killed. Al-Shabaab,
which has frequently launched
attacks in Mogadishu, was be-
hind the assault on the Sahafi
hotel. “Mujahideen [fighters]
entered and took over Sahafi
hotel where enemies lived,”
Sheikh Abdiasis Abu Musab,
al-Shabaab’s military operations
spokesman, told Reuters. The
incident mirrored tactics used
before by al-Shabaab, in which
it detonates bombs to break
through security at targets and
then sends in fighters. — Reuters
‘Turkish, US air strikes
kill more than 50 Islamic
State militants in Syria’
ISTANBUL: Air strikes by Turk-
ish and US aircraft in Syria on
Saturday killed more than 50
Islamic State (IS) militants and
wounded some 30, state-run
Anadolu Agency quoted security
sources as saying yesterday. A
senior government official told
Reuters on Saturday that Turk-
ish jets had launched bombing
raids against IS targets in Syria.
— Reuters
M ON DAY N OV E MB E R 2, 2015 • T HEED G E FINA NCIA L DA ILY
Johor Darul Ta’zim breaks
West Asian monopoly
Previously teams from Malaysia only made it to the AFC quarter-finals
KUALA LUMPUR: The Johor Darul
Ta’zim (JDT) club is the first East
Asian team to successfully break the
monopoly of West Asian teams in the
Asian Football Confederation (AFC)
Cup tournament.
Football Association of Malaysia
(FAM) secretary-general, Datuk Ha-
midin Mohd Amin said JDT was the
sole club from East Asia, including
South East Asia, to emerge champi-
ons in the second biggest champion-
ship in Asia, which prior to this was
monopolised by clubs from West
Asian nations such as Kuwait, Jor-
dan, Bahrain, Syria and Uzbekistan.
“Since the AFC Cup was intro-
No end in sight to All
Blacks’ domination
BY MI TC H PH I L L I PS
LONDON: Newly-crowned world
champions New Zealand have al-
ready been installed as evens favour-
ites to win a third successive title in
Japan in four years, and the northern
hemisphere nations woke up yester-
day knowing the gap is as big as ever.
Saturday’s 34-17 victory over Aus-
tralia in a memorable final secured
back-to-back titles for the sport’s su-
perpower, who have now won 14
successive World Cup matches since
their shock 2007 quarter-final defeat
by France.
“The greatest team ever? Possibly.
For the moment let’s just all agree
that this is the best team in World
Cup history,” former All Blacks cap-
tain Sean Fitzpatrick wrote in The
Sunday Times.
“This is the most meticulous,
best-prepared team in rugby. This
is not just about skills, but game man-
agement, which told in the last 15
minutes when they snuffed out any
chances of what would have been a
remarkable Aussie fightback.
“The world, particularly the north-
Cheika fuels Australia’s progress
BY PI RATE I RWI N
LONDON: Australia’s coura-
geous loss to the All Blacks in
the World Cup final may be tough
for coach Michael Cheika, but it
remains a testament to what he
has achieved in a year.
The World Cup has been a tan-
talising indicator of what the Wal-
labies could reach in four years
even if the likes of Matt Giteau,
Stpehen Moore and Adam Ash-
ley-Cooper may not be there.
duced in 2004, no East Asian team
had won the championship until JDT
created history last (Saturday) night.
Year after year, representatives from
Malaysia could only make it to the
quarter-finals.
“On behalf of the president of
FAM, Tengku Abdullah Sultan Ah-
mad Shah, FA executive commit-
tee’s line-up and staff, I congratulate
JDT for emerging as champions of
the AFC Cup this year,” he said in a
statement yesterday.
JDT became champions after
beating FC Istiklol from Tajikistan 1-0
in the final in the Central Republican
Stadium, Dushanbein in Tajikistan,
ern hemisphere, will now be wonder-
ing how they can close the gap — I
wouldn’t be getting your hopes up.”
The paper’s rugby correspondent
Stephen Jones added: “The World Cup
was retained and then you had to ask
if there was ever a period of 10 min-
utes in the whole tournament when
the issue seriously looked in doubt.”
Although a core group of six play-
ers boasting over 700 caps between
them are retiring — or in captain
Richie McCaw’s case — expected to
be retiring, New Zealand’s strength
in depth means they are unlikely to
suffer any sort of major dip.
Sonny Boy Williams could walk
into any team in the world, but has
had to be content to spend most of
his career on the bench behind stellar
centres Ma’a Nonu and Conrad Smith,
who are both now leaving the stage.
Beauden Barrett also looks well
equipped, if, as is expected, to take
up the fly half duties from Dan Carter,
who signed off his 112-cap career with
a man-of-the-match performance
on Saturday.
The country’s remarkable produc-
tion line of hard-running, high-paced
Cheika himself said after the
34-17 defeat at Twickenham that
he had told his players: “’Don’t
be counting down lads, this is
just the start’.” Cheika took over a
squad riven by factionialism and
laid low by scandal after Ewen
McKenzie quit last year.
It is fair to say the 48-year-old
Cheika instilled a “no fear factor”
into the team that was on display
as they fought hard battles against
England, Wales, Scotland and Ar-
gentina to reach the final.— AFP
on Saturday night, to simultaneously
erase their disappointment in failing
at the group level during their debut
in 2009, when they were known as
Johor FC. The sole goal of the match
was scored by Leandro Sebastian Ve-
lazquez in the 22nd minute while JDT
captain Safiq Rahim was crowned
the most valuable player.
Hamidin, who watched the match
with FAM deputy president Datuk
Seri Afandi Hamzah, said the success
of the Southern Tigers squad must be
emulated and become an inspiration
to other Malaysian teams to achieve
success at the international level.
“On FAM’s part, we are always
wingers doesn’t show any signs of
drying up soon, and Saturday’s vic-
tory can only spur the dreams of the
next generation.
Former England coach Clive
Woodward described the All Blacks
as a “very special team” but was also
impressed by Australia.
“As a fan I salute both teams and
frankly we have got so much to learn
from them,” he wrote in the Mail on
Sunday.
“Ignoring just for a minute their
Mourinho faces uncertain future
LONDON: The future of Chelsea
manager Jose Mourinho remained
clouded in doubt yesterday follow-
ing the Premier League champions’
latest setback against Liverpool.
Chelsea’s 3-1 defeat on Saturday,
their sixth in 11 league games, left
them four points above the relega-
tion zone and prompted more lu-
rid newspaper headlines about the
possible fate awaiting Mourinho.
Citing sources in Portugal, The
Sunday Mirror said that Mourinho
was “on the brink” and could be
ready to give continuous assistance
and support in the future including
in the aspect of rescheduling the
domestic leagues so they are not
overly tight for national representa-
tives at the AFC Cup Championship,
and clearly, it has to a certain extent,
aided JDT in advancing to the final
match this year,” he said.
He also congratulated the patron
of the Johor Football Association,
the Tunku Mahkota of Johor, Tunku
Ismail Sultan Ibrahim who was the
backbone in changing the Johor foot-
ball landscape prompting JDT to be
successful at the domestic and inter-
national levels. — Bernama
superior handling skills, which Eng-
land and others in the northern hem-
isphere must look to match, the over
riding lesson from this tournament is
that we must learn to play with pace.
“We need much more pace in our
game and that comes from improv-
ing our fitness and conditioning,
and we must improve our speed of
thought. We have the players out
there who can do this, but we must
start picking and believing in them.”
— Reuters
sacked before Wednesday’s Cham-
pions League home game against
Dynamo Kiev, while The Sun on
Sunday claimed that he has been
given two games to save his job. The
Independent reported that he will be
given until the end of November to
get Chelsea back on track.
Mourinho was defiant after Sat-
urday’s game dismissing suggestions
that he had presided over his last
match as manager and saying that
he expected to be given more time by
owner Roman Abramovich. — AFP
S P O RT S 2 7
IN BRIEF
Malaysia fizzles out in
Bitburger GP Gold
badminton tournament
KUALA LUMPUR: Malaysian
shuttlers’ challenge in the 2015
Bitburger Open Grand Prix (GP)
Gold Badminton Tournament
ended after the only survivors,
Vivian Hoo Kah Mun/Woon Khe
Wei lost in the semi-finals at
Saarlandhalle Saarbrucken in
Germany on Saturday. Hoo/
Woon, the country’s top wom-
en’s doubles pair and also the
fourth seeds of the tournament,
suffered an upset after losing
15-21, 16-21 to the unheralded
pair of Poon Lok Yan/Tse Ying
Suet of Hong Kong, Badmin-
ton World Federation (BWF)
website;www.bwfbadminton.
org reported. Earlier, Malaysia’s
top men’s doubles pair, Goh V
Shem/Tan Wee Kiong and mixed
doubles Chan Peng Soon/Goh
Liu Ying were booted out from
the tournament after losing to
their respective opponents in
the quarterfinals, last Friday.
— Bernama
Wenger refuses to
mock troubled Chelsea
SWANSEA: Arsene Wenger
chose not to gloat over the
14-point gap that exists between
Arsenal and fierce rivals Chel-
sea after his side cruised to a
3-0 win over Swansea. Wenger
has a tempestuous relationship
with Chelsea boss Jose Mour-
inho and the Gunners manager
was presented with a golden op-
portunity to take a swipe at his
old enemy following Saturday’s
stroll at the Liberty Stadium.
Chelsea were beaten 3-1 by Liv-
erpool in a result that increased
the feeling Mourinho is in dan-
ger of the sack, but Wenger re-
fused the chance to mock his
rival. — AFP
Van Gaal warns United
to end goal drought
LONDON: Louis van Gaal
showed his concern at Man-
chester United’s continued
failings in front of goal as he
warned his side must end their
drought against CSKA Moscow
this week. United failed to score
for a third successive game when
they played out a scoreless draw
against Crystal Palace at Selhurst
Park on Saturday. Van Gaal ad-
mitted his side were second best
and insists they must bounce
back when they resume their
Champions League campaign at
Old Trafford tomorrow. — AFP
Inter down 10-man
Roma to take top spot
ROME: Inter Milan edged
Roma 1-0 on Saturday to snatch
top spot in Serie A. Chilean
defender Gary Medel scored
the only goal of the game at the
San Siro on the half-hour mark
with a long-range drive which
beat Roma keeper Wojciech
Szczesny. Roma had chanc-
es to salvage a point but were
denied by a string of fine saves
from Samir Handanovic in the
Inter goal. Roma’s misery was
compounded by a red card for
Bosnia star Miralem Pjanic af-
ter 73 minutes. — AFP
2 8 S P O RT S
Thomas outlasts
scrappy Scott,
wins CIMB Classic
Victory gives him early lead in FedEx Cup race
KUALA LUMPUR: Justin Thomas
birdied four of his last six holes to
hold off a spirited charge by Adam
Scott and earn his maiden PGA Tour
victory yesterday at the CIMB Classic.
Thomas’ six-under-par 66 left
him at 26-under for the tourna-
ment, one stroke better than former
Masters winner Scott, who nearly
snagged a come-from-behind vic-
tory with a superb 63.
Thomas, who led after the sec-
ond and third rounds, nearly threw
it all away down the stretch when
he chunked a shot into the water
on the 14th hole for a double bogey.
“But I just kept telling myself
I controlled the tournament be-
fore that shot, so I just need to get
back in it,” said Thomas, 22, who
set a course record 61 in the sec-
ond round.
“I had four more holes to try to
make some more birdies and was
fortunate enough to do it.”
The American rallied to birdie
the next three holes and went on
to clinch the win, US$1.26 million
(RM5.37 million) in prize money,
and 500 FedEx Cup points.
The hot, humid conditions at
the par-72 Kuala Lumpur Golf and
Country Club yielded a slew of sub-
65 rounds throughout the tour-
nament, and nothing less than a
scintillating performance would
win it yesterday.
Scott, who failed to win a tour-
nament in the 2015 season, near-
ly caught Thomas by shooting the
round of the day, a bogey-free
nine-under 63 that included an
eagle on the par-5 third.
But a long eagle putt on 18 that
could have tied it went wide.
“I threw everything I could at it
M ON DAY N OVEM B ER 2 , 2 0 1 5 • TH EEDGE FI N AN C I AL DAI LY MO
01
today (yesterday). I’m playing well
and that’s nice because I haven’t
played that well for a while,” said
Scott, 35.
Scott is among many players in
the field hoping to take momentum
into the World Golf Championships
event in Shanghai this week.
“I would love to get into conten-
tion there, and try and win,” he said.
“So, this is a step in the right
direction.”
Americans Brendan Steele and
Kevin Na tied for third at 24-under
after respective rounds of 68 and 67.
Japan’s Hideki Matsuyama fin-
ished in sole fifth place, two strokes
further back.
Seventy of the 77 golfers who
completed the tournament fin-
ished under par.
The US$7 million tournament
is jointly sanctioned by the Asian
Tour and PGA Tour.
It is the third event of the PGA
Tour’s just-begun 2016 schedule.
The win gives Thomas an early
lead in the FedEx Cup race, but with
plenty of golf left to play. — AFP 02
 M O N DAY N OV E MBE R 2, 2015 • T HEED G E FINA NCIA L DA ILY
S P O RT S 2 9

03

01

04 05

01. (From left) CIMB Group chairman

Datuk Seri Nazir Razak, Thomas
and Prime Minister Datuk Seri
Najib Razak at the CIMB Classic
prize-giving ceremony yesterday.
Photos by Suhaimi Yusuf

02. Ryan Moore of the United States

at the 18th hole during the CIMB
Classic.

03. Na (centre) at the 10th tee box

during the CIMB Classic.

04. Scott at the 18th hole during the

CIMB Classic.

05. Scott Piercy of the US at the 18th

hole during the CIMB Classic.

06. (From left) Sime Darby Bhd

chairman Tan Sri Abdul Ghani
Othman, SapuraKencana
Petroleum Bhd president and
group chief executive officer Tan
Sri Shahril Shamsuddin, Najib,
Thomas, Nazir and CIMB Group
chief executive officer Tengku
Datuk Zafrul Tengku Abdul Aziz
at the CIMB Classic prize-giving
ceremony.

02 06
30
live it!
WELLBEING . THE ARTS . WINE+DINE . STYLE+DESIGN . LEISURE
FUSION WAYANG KULIT
An interesting revival of
the traditional art of
shadow puppetry
BY SHALINI YEAP
I
f names of characters like Sangkala Vadeh
and Puteri Leia have piqued your interest,
then perhaps Fusion Wayang Kulit duo Tin-
toy Chua and Take Huat are a step closer to
realising their unique ideals of reviving the
art of wayang kulit in Malaysia.
Wayang kulit is usually associated with the
legendary Hikayat Seri Rama and the triumph of
good over evil, but now you can also see popular
superheroes in shadow puppetry form. Tintoy and
Take Huat, who are the founder and co-founder
of Fusion Wayang Kulit respectively, are excited
to reveal their latest DC superheroes collection
that will be showing for the first time here in Kuala
Lumpur. It is interesting to see the puppets of all-
time favourites such as Superman, Batman and
Wonder Woman dressed in their usual gear, but
amalgamated with wayang kulit elements.
Fusion Wayang Kulit started off when Tintoy
was invited to participate in an art exhibition called
Designers Weekend a few years ago. Following the
success of the Fusion Wayang Kulit’s maiden show
— Peperangan Bintang in 2013, inspired by the
iconic sci-fi film Star Wars — the group went on
to create more puppets and put up more exhibi-
tions including the recent one in Gurney Paragon
Mall, Penang in August this year.
Both Penang-born Tintoy and Take Huat agree
that “Peperangan Bintang was a very exciting pro-
ject”, but they stress that the star of the show is
wayang kulit. “We do not want to limit ourselves
to Star Wars alone. It is not about Star Wars, it is
about wayang kulit,” they explain when we meet
at their studio in Ampang.
When asked how Star Wars had made the cut,
Tintoy, a character designer at Action Tintoy De-
sign Lab tells us animatedly, “It has spaceship,
it has aliens, it has good and evil … At the end
of our brainstorming session we simultaneously
exclaimed — Star Wars!” The struggle between
good and evil is a common element in traditional
wayang kulit shows and this draws a parallel with
the story line of Star Wars.
After much research, trial and error, Fusion
Wayang Kulit with its legion of puppets was born.
“We wanted to do something about Malaysian culture
and as a character designer it was easier to relate to
wayang kulit, which was based on characters too,”
says Take Huat, who is a senior art director at Ge-
ometry Global. “I got this crazy idea of reviving this
traditional art. I knew it was going to be huge, huge
not in terms of success, but in terms of [having] a lot
of things to do.” Since the production of their first
two puppets in July 2012, they have been fortunate
to gain guidance from Pak Daim, a Tok Dalang or
master puppeteer from Kelantan, who contacted
them via Facebook upon learning about the group.
The “fusion” aspect is apparent in the collab-
oration of these two sci-fi-loving designers and
63-year-old Pak Daim who is an expert in his field.
“He (Pak Daim) does not really know about Star
Wars but is willing to look into this. He sees our
project as something that can attract the youth and
he has been looking for ways to revive this art too,”
Tintoy says when speaking about the partnership.
The origins of shadow puppetry is debatable. It
can be found in many countries in the Southeast
Asia and Tintoy and Take Huat point out that theirs
is based on Malaysian wayang kulit and not the Java-
nese version, which differ from one another in terms
of the aesthetics of the puppets used in each show.
It takes two to three weeks to produce each pup-
pet, and the process begins with designing and
sketching each character before consulting Pak
Daim on the accuracy of the design. Then the pup-
pet is designed by computer before it is sent to Pak
Daim, who will print out the design, attach it to cow
hide and commence the knocking process that will
result in holes or intricate designs that create the sil-
houette of the puppet when placed in front of light.
M ON DAY N OVEM B ER 2 , 2 0 1 5 • TH EEDGE FI N AN C I AL DAI LY MO
F
in
AM
live
em
ura
for
ing
ser
act
ted
ebr
is a
Tintoy (left) and Take Huat. stra
Photos by Shahrin Yahya Sm
sup
the
wh
mi
sub
of S
ma
a ta
dli
M
A
Tintoy and Take Huat are cautious not to stray
too far from the original art form or change the ex-
perience of watching shadow puppetry. The focus
is to enhance it instead. “We want to stay true to
the traditional wayang kulit, what we have done
is enhancements,” Tintoy says. A typical wayang
kulit performance by the group would involve
Pak Daim as the Tok Dalang as well as an array
of lighting and sound engineers who control the
video projector for the light (as opposed to using
oil lamps or candles), an animated background
and various voices for different characters.
The idea behind taking something traditional
and combining with something futuristic, be it Star
Wars or DC Superheroes, is to make the former
P
more relatable to a new generation of audiences.
The appearance of each puppet is amalgamated
with the traditional aesthetics of wayang kulit
A
C
puppets, maintaining the fundamentals of the art
while being relevant to a larger audience.
“We definitely want to do more performances.
We see that it is a working formula, so we will con- W
tinue doing it,” says Tintoy. Fusion Wayang Kulit
combines a love for art and character design with
the dream of reviving wayang kulit in Malaysia in
hopes that this form of art will go beyond only
being taught in schools or read about in books.
The Shadow of Change Exhibition featuring the
DC superheroes collection, existing puppets from
Peperangan Bintang and a special Halloween col-
lection is open for viewing from now until Nov 8.
Drop by Lot G-17, ground floor, Bangsar Village 1,
Bangsar Baru, Kuala Lumpur between 10am and
10pm to view the exhibition. More information can be
found on www.facebook.com/FusionWayangKulit.

M O N DAY N OV E MBE R 2, 2015 • T HEED G E FINA NCIA L DA ILY
FILM BY ANANDHI GOP INATH
Ford’s Small but Mighty foray
into filmmaking
AMERICAN carmaker Ford’s EcoBoost engines de-
liver great power, use less fuel and generate fewer
emissions compared with larger-displacement nat-
urally aspirated engines. Not the most poetic muse
for filmmaking, you’d think, and yet it has been done.
Under the theme of Small but Mighty, five emerg-
ing filmmakers from around the world have created a
series of entertaining short films that celebrate small
acts and ideas that pack a mighty punch. The admit-
tedly heart-warming theme is inspired by much-cel-
ebrated range of EcoBoost engines.
In capturing the spirit of what the engine range
is all about, filmmakers were tasked with demon-
strating a moment in life, a person or an idea that is
Small but Mighty. From a man with incredibly strong
superhero-like arms, to a young boy who dominates
the soccer field; from a super granny, to a couple
who are inspired by little moments that shape the
mighty world — the short films explore a variety of
subjects, but at their core the compelling message
of Small but Mighty shines through.
A pint-sized football champ proves that size doesn’t
matter in Soccer Prodigy. Director Jude Chun casts
a talented eight-year-old with incredible ball-han-
dling skills in this film, and the young boy’s impres-
Mighty Ride Vignettes
Arms and Man
Personal
ASSISTANT
CO MPI L ED BY HA NNAH M ER ICAN
WORK. LIFE. BALANCE
live it! 31
WELLBEING . THE ARTS . WINE+DINE . STYLE+DESIGN . LEISURE
sive moves on the pitch steal the show in this comic
book-style short.
Andy Kelemen — an award-winning filmmaker
— produced Small but Mighty Arms. In the style of a
mockumentary, the film’s comedic narrative revolves
around the life of a slim man who at first struggles but
then finds amazing use of his incredibly strong arms.
With Mighty Ride, get prepared to be taken on a
heart-warming journey. Directed by Ricky Rojas, the
film is based on an ethereal daydream, and features
a series of stunning landscapes. It’s about the small
details, moments, and actions that shape lives and
the big, mighty affect they have.
Independent filmmaker Ellenor Argyropoulos
created Bite with a Kick. The film, set in the Austral-
ian outback, tells the story of a family on a camping
adventure, and the surprising power of a small chili.
Daniel Brothers and Lauren Schad of Long Way
Home Films weave together a series of highly visual
scenes of small feats, which prove that good things
really do come in small packages. Ranging from the
hilarious to the heart-warming, these five little vi-
PICK OF THE DAY
gnettes will leave you wanting more.
All five films can be viewed on ford.to/smallbut- ANNA SUI’S latest fragrance, Romantica, is a lovely com-
mighty. bination of joy, sensuality and liveliness. It opens with a
floaty sensation thanks to Calabria bergamot, mandarin
Bite with a Kick essence, sparkling pomegranate and watery quince. It is
followed by rose de mai, jasmine petals, orange blossom
and osmanthus absolute, which helps build its sensuality.
The fragrance ends with white Ceylon cedarwood, sheer
amber, sandalwood and creamy musk. Romantica is now
available at beauty counters nationwide, priced at RM170
(30ml), RM234 (50ml) and RM297 (100ml).
Soccer Prodigy
UNLEASH your inner film enthusiast by
checking out the European Union Film Fes-
tival (EUFF) this week. This is the 16th edi-
CHECK out the Stories of 11 Artworks exhibi-
tion at HOM Art Trans today. The exhibition
highlights 11 different emerging artists who
tion of the EUFF and this year it presents
22 award-winning films from 18 European
countries. This year will feature the Acad-
have shown excellence in their work by pro-
jecting their stories, thoughts and processes.
The artists in this exhibition include Ruzzeki
emy Award-winning film Ida, the Academy Harris, Sung Kang Jye, Hafiz Razak, Arif Fau-
Award-nominated Kon-Tiki and the acclaimed zan, Zelin Seah and Chong Kim Chiew. HOM
The Wall. The EUFF will be on in Kuala Lum- Art Trans is located at 6A Jalan Cempaka, 16
pur until Nov 8. Check the full schedule of Taman Cempaka, Ampang. Gallery hours are
films online at www.euff.com.my. from 11m to 6pm on weekdays, and 1pm to
6pm on Saturdays. Find out more at www.
homarttrans.com.
CELEBRATE the Mexican Day of the Dead at
Panchos today. The Mexican-style restaurant
is having a buy 1-free-1 promotion, allowing
diners to enjoy a free portion of main course
item on the a la carte menu. The menu offers
classic Mexican fair such as burritos, nachos,
quesadillas and tacos. The offer applies to
dine-in orders only. Panchos is located at
Level 3 Mezzanine, Mid Valley Megamall, Mid
Valley City, Kuala Lumpur. For more infor-
mation, visit www.pachos.com.my.
32
live it!
WELLBEING . THE ARTS . WINE+DINE . STYLE+DESIGN . LEISURE
SUUNTO’S KAILASH
is designed for adventurers and explorers
BY SU A N N QUA H
N
amed after the foreboding
Mount Kailash—a sacred
place in four religions, Bon,
Buddhism, Hinduism and Jai-
nism, which is part of the Tran-
shimalaya in Tibet— Finnish
watchmaker Suunto’s Kailash watch embraces
the spirit of the mountain. After being deemed
“utterly unclimbable” by mountaineer Hugh
Ruttledge in 1926, the mountain is today
off limits to local and international moun-
taineers alike, as it holds a certain religious
significance. It stands at over 6,600m and
sees thousands of pilgrims visiting the area,
circumambulating the mountain each year.
The Kailash is the first watch released in
the Suunto World Collection, and is designed
for purity and modernity. It is presented
under the label of “Suunto 7R”— 7R stands
for the adventure gene that scientists have
identified in people with an adventurous
mindset. With a bezel made of space-grade
titanium, the lightweight watch has sapphire
crystal glass, an outdoor-proof composite
casing and a soft and durable silicone strap.
Detailing includes a special 7R button made
out of sapphire crystal.
This watch combines features that frequent
travellers will appreciate — global, automat-
ic time and location updates via GPS and a
unique new adventure logbook that reveals
a summary of its wearer’s adventures such
as how many countries one has visited and
how far one has travelled. All this can be ac-
cessed simply by pressing the 7R sapphire
button. When visiting a new city, the watch
even displays the direction and distance to
the wearer’s starting point.
With the Adventure Timeline display, the
watch shows not only the current time, but
also customisable information such as al-
titude, sunrise/sunset times or daily step
counts. When paired with the mobile Suunto
7R app on the iPhone, call, text and push no-
tifications can be received via the watch as
well. As a bonus, the Suunto Kailash watch-
es even come in a waterproof cylinder case
made of black, anodised aluminium to keep
the watch and other valuables protected
during travels.
MO OVEM B ER 2 , 2 0 1 5 • TH EEDGE FI N AN C I AL DAI LY
ON DAY N O
Zen TODAY
There are two
w
ways of spreading
light: to be the
candle or the
mirror that
reflects it.
The face of the new Suunto World Collec- — Edith Wharton
tion is none other than Spanish adventurer
Kilian Jornet, who was voted as the People’s
Choice Adventurer of the Year by National
Geographic in 2014. Jornet holds the fastest
time record for the ascent and descent of
Mount Matterhorn, Mont Blanc and Denali.
He is also an avid long-distance runner, hav-
ing won some of the world’s most prestigious
ultramarathons including the Ultra-Trail du
Mont-Blanc, the Grand Raid, the Western
States Endurance Run and the Hardrock
Hundred Mile Endurance Run.
“I am an adventurer at heart. I have success
in my life because I always have this inner
feeling that risk is an inherent part of suc-
cess. I always explore new paths, new ways of
thinking. The Suunto World Collection shares
the same values and life principles to help
me feel empowered, and remind me of who
I am,” Jornet said at the launch of the Suunto
Kailash at Mid Valley Megamall last week.
The Suunto Kailash retails at RM3,999 and
can be purchased from Solar Time stores and
all fine watch retailers nationwide. For more
info about the Kailash, visit www.suunto.com.
4.98 128.98
M ON DAY N OV E MBE R 2, 2015 • T HEED G E FINA NCIA L DA ILY
Markets 3 3
BURSA MAL AYSIA MAIN MARKET

Bursa Malaysia YEAR

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

Sectorial Movement 0.217 0.115 0.130

0.560 0.325 —
0.120
—
7146
5198
AEM
AFUJIYA
0.125
0.385
0.005 2312.3
— —
0.210
—
43.10
31.30
—
—
22.8
69.3
0.400 0.265 — — 2682 AISB 0.300 — — — — — 39.6
INDICES CLOSE +/- %CHG INDICES CLOSE +/- %CHG
4.390 1.928 4.390 4.270 7609 AJIYA 4.280 -0.020 206.6 2.206 14.67 0.47 296.3
1.110 0.200 — — 9954 AKNIGHT 0.390 — — — — — 22.7
KLSE COMPOSITE 1,665.71 -1.27 -0.08 TECHNOLOGY 22.93 0.12 0.53 0.765 0.572 0.685 0.685 2674 ALCOM 0.685 UNCH 17 1.000 — 7.30 92.0
0.535 0.335 0.380 0.375 4758 ANCOM 0.380 -0.020 41.8 0.373 37.25 — 83.2
KLSE INDUSTRIAL 3,306.65 -20.86 -0.63 FTSE BURSA 100 11,256.03 -2.23 -0.02 1.188 0.710 0.750 0.750 6556 ANNJOO 0.750 UNCH 5 1.137 750.00 4.00 392.0
CONSUMER PRODUCT 581.41 0.83 0.14 FTSE BURSA MID 70 12,767.61 20.87 0.16 0.250 0.165 0.195 0.190 9342 ANZO 0.195 0.010 4723.5 0.219 — — 54.8
INDUSTRIAL PRODUCT 144.64 0.79 0.55 FTSE BURSA SMALL CAP 15,683.96 55.90 0.36 1.250 0.942 1.180 1.180 5568 APB 1.180 0.020 3 0.000 10.50 5.51 133.2
5.456 3.924 4.100 4.070 5015 APM 4.100 UNCH 506.5 5.870 9.60 4.76 826.6
CONSTRUCTION 272.66 -1.55 -0.57 FTSE BURSA FLEDGLING 15,870.62 88.88 0.56 0.620 0.400 0.515 0.515 7214 ARANK 0.515 UNCH 108 0.502 5.99 4.37 61.8
TRADE & SERVICES 226.07 0.16 0.07 FTSE BURSA EMAS 11,573.90 0.74 0.01 0.880 0.560 0.660 0.635 7162 ASTINO 0.640 -0.020 65.2 1.193 8.84 4.55 175.4
FTSE BUR M’SIA ACE 6,214.05 3.69 0.06
0.215 0.100 0.135 0.125 7070 ASUPREM 0.130 0.005 1068.9 0.185 — — 37.9
KLSE FINANCIAL 14,161.21 -26.10 -0.18
0.810 0.540 0.670 0.670 7099 ATTA 0.670 0.075 0.2 1.089 2.36 — 47.1
KLSE PROPERTY 1,186.87 0.80 0.07 FTSE BUR EMAS SHARIAH 12,392.83 5.57 0.04 0.945 0.480 — — 7181 ATURMJU 0.620 — — — — — 37.9
KLSE PLANTATION 7,540.21 -0.61 -0.01 FTSE BUR HIJRAH SHARIAH 14,082.52 -10.12 -0.07 2.600 1.600 2.300 2.250 8133 BHIC 2.300 0.030 21 2.741 24.31 — 571.5
0.815 0.285 0.600 0.565 7005 BIG 0.575 -0.005 631 0.360 — — 27.7
KLSE MINING 502.55 Unch Unch FTSE/ASEAN 40 8,643.85 -18.07 -0.21
0.150 0.090 0.135 0.120 7187 BKOON 0.130 0.010 2282 0.155 — — 36.0
1.650 0.980 1.190 1.150 0168 BOILERM 1.180 UNCH 903.3 2.483 18.15 1.48 608.9
2.650 2.100 2.630 2.600 6297 BOXPAK 2.630 0.030 15.9 2.405 12.89 — 157.9
1.450 0.673 1.430 1.410 5100 BPPLAS 1.410 -0.030 159.2 0.647 22.63 4.26 264.6
0.670 0.320 0.435 0.420 9938 BRIGHT 0.420 -0.015 437.9 1.342 61.76 — 69.0
0.290 0.175 — — 7221 BSLCORP 0.250 — — — — — 24.5
Bursa Malaysia Main Market 0.455 0.115 0.365
3.400 1.902 3.400
0.286 0.095 0.100
0.355
3.160
0.095
7188
5105
5229
BTM
CANONE
CAP
0.360
3.380
0.100
-0.005 1171.8
0.200 2800.5
0.005 5897.3
0.210
3.629
0.370
—
6.65
1.92
—
1.48
—
45.1
649.5
116.2
YEAR YEAR DAY DAY CODE COUNTER CLOSING +/– VOL VWAP* PE# DY MKT CAP 2.409 1.630 1.980 1.950 7076 CBIP 1.980 0.030 12.6 3.176 12.14 3.03 1,065.7
HIGH LOW HIGH LOW (RM) (RM) (‘000) (RM) (X) (%) (MIL) 1.109 0.823 1.000 0.950 2879 CCM 1.000 0.040 78.9 1.051 — 2.50 457.6
1.544 1.004 1.540 1.490 7171 CENBOND 1.510 -0.010 124.9 1.631 12.01 3.97 181.2
CONSUMER PRODUCTS 1.800 1.380 — — 8435 CEPCO 1.420 — — — 23.63 — 63.6
0.745 0.550 0.590 0.590 7120 ACOSTEC 0.590 0.005 50 0.560 310.53 — 104.9 1.600 1.140 — — 8044 CFM 1.300 — — — — — 53.3
4.334 2.995 3.900 3.900 7090 AHEALTH 3.900 UNCH 0.1 0.000 14.30 2.82 456.9 1.692 1.264 1.410 1.380 5007 CHINWEL 1.410 0.020 171.3 1.354 9.76 4.14 422.3
6.382 4.775 6.200 6.100 2658 AJI 6.100 -0.050 42.3 4.604 11.66 3.28 370.9 1.688 1.400 1.570 1.520 5797 CHOOBEE 1.570 0.050 21.2 1.600 12.19 3.82 172.5
0.600 0.220 — — 7051 AMTEK 0.280 — — — — — 14.0 1.230 0.850 — — 8052 CICB 1.000 — — — — 1.75 45.8
5.080 4.050 4.910 4.900 6432 APOLLO 4.900 UNCH 48.5 5.640 12.74 5.10 392.0 0.105 0.055 0.070 0.065 7018 CME 0.065 UNCH 415.9 0.060 13.83 — 28.7
3.300 1.400 — — 7722 ASIABRN 1.400 — — — — 0.36 110.8 5.977 3.243 5.340 5.210 2852 CMSB 5.320 0.020 321.3 5.900 25.94 1.60 5,715.7
4.490 3.080 4.490 4.110 7129 ASIAFLE 4.490 0.390 2034.2 4.239 15.51 3.34 857.0 1.050 0.200 — — 7986 CNASIA 0.350 — — — — — 15.9
71.775 56.740 62.900 61.820 4162 BAT 61.820 -0.420 264.8 62.855 19.55 5.05 17,651.5 3.966 1.593 2.070 2.040 5071 COASTAL 2.040 -0.040 232.7 3.192 5.65 2.84 1,084.5
0.135 0.045 0.055 0.055 7243 BIOOSMO 0.055 0.005 223 0.176 — — 27.4 0.405 0.150 0.305 0.300 7195 COMCORP 0.305 0.005 505.9 0.000 10.20 — 42.7
0.220 0.015 — — 7193 BIOSIS 0.020 — — — — — 2.1 0.945 0.600 0.795 0.780 2127 COMFORT 0.790 -0.005 832.7 0.414 27.82 — 357.4
1.150 0.680 0.760 0.735 9288 BONIA 0.745 0.005 514.2 3.399 12.96 2.52 600.7 1.097 0.880 — — 5094 CSCSTEL 1.000 — — — 99.01 3.00 380.0
1.280 0.749 1.160 1.110 7174 CAB 1.150 0.040 1523.2 0.575 11.33 — 173.2 0.790 0.491 0.735 0.730 7157 CYL 0.735 0.010 50 0.000 14.91 6.80 73.5
0.585 0.333 — — 7154 CAELY 0.510 — — — 13.42 1.96 40.8 0.440 0.275 — — 5082 CYMAO 0.360 — — — — — 27.0
0.445 0.230 0.295 0.295 7128 CAMRES 0.295 -0.005 38 0.000 8.43 — 57.2 4.551 3.962 4.250 4.250 8125 DAIBOCI 4.250 UNCH 4.5 4.042 19.86 3.18 483.9
13.732 9.863 12.440 12.400 2836 CARLSBG 12.420 UNCH 145.6 12.303 19.16 5.72 3,826.3 0.475 0.180 0.305 0.295 8176 DENKO 0.305 0.010 327.1 0.300 11.34 — 31.9
0.956 0.720 — — 7035 CCK 0.785 — — — 13.72 2.55 123.8 0.308 0.150 0.220 0.205 7114 DNONCE 0.205 -0.010 3455.3 0.000 2.05 — 37.0
2.925 1.682 — — 7148 CCMDBIO 2.700 — — — 13.99 5.46 753.2 0.385 0.250 0.295 0.295 5835 DOLMITE 0.295 UNCH 20 0.364 10.03 — 77.7
0.975 0.400 0.870 0.830 9423 CHEEWAH 0.870 0.030 719.6 0.000 12.65 2.30 36.6 0.395 0.312 — — 5835PA DOLMITE-PA 0.395 — — — — — 4.9
3.110 0.980 2.140 2.000 2828 CIHLDG 2.090 0.120 494.2 0.000 27.65 — 338.6 0.920 0.660 0.805 0.800 5265 DOLPHIN 0.805 UNCH 267 0.000 3.32 — 178.7
0.105 0.050 0.055 0.055 5188 CNOUHUA 0.055 UNCH 230 0.080 — — 36.7 1.562 0.929 1.170 1.140 7169 DOMINAN 1.170 0.010 255.6 0.951 8.41 3.53 193.1
2.950 1.263 2.950 2.890 7205 COCOLND 2.900 -0.040 130.7 2.192 16.79 1.72 497.6 2.123 1.164 1.340 1.320 1619 DRBHCOM 1.340 0.020 153 2.568 15.01 4.48 2,590.5
1.316 1.043 1.220 1.190 7202 CSCENIC 1.190 -0.010 94 1.110 14.62 6.72 143.4 0.450 0.220 0.320 0.320 7233 DUFU 0.320 -0.010 5 0.195 5.81 — 56.2
0.135 0.065 0.120 0.115 5214 CSL 0.115 -0.005 3347.4 0.199 1.81 — 142.9 0.820 0.381 0.820 0.740 8907 EG 0.785 0.045 11663.4 0.336 2.64 — 151.3
0.080 0.040 0.045 0.045 7179 DBE 0.045 -0.005 1026.9 0.070 — — 30.9 1.610 1.000 — — 9016 EKSONS 1.230 — — — 4.46 — 202.0
0.983 0.757 0.880 0.880 7119 DEGEM 0.880 -0.020 2 0.000 7.10 1.70 117.9 0.335 0.190 — — 7217 EMETALL 0.220 — — — — — 37.7
48.000 39.447 47.600 47.200 3026 DLADY 47.600 0.360 1.9 48.592 23.75 2.10 3,046.4 0.903 0.600 — — 7773 EPMB 0.715 — — — 8.45 5.59 118.7
0.170 0.065 0.120 0.105 7198 DPS 0.115 0.010 8418.2 0.095 32.86 — 67.6 2.240 0.505 2.240 2.120 5101 EVERGRN 2.220 0.100 3765 0.474 16.65 — 1,138.9
0.170 0.085 0.125 0.125 7182 EKA 0.125 UNCH 20 0.000 — — 39.0 1.083 0.427 0.970 0.845 7249 EWEIN 0.965 0.075 6053.9 1.002 58.13 0.52 203.6
0.280 0.165 0.240 0.210 5091 EKOWOOD 0.230 0.020 606.2 0.245 — — 38.6 1.310 0.945 1.020 1.020 2984 FACBIND 1.020 UNCH 9 1.273 17.29 2.75 86.9
0.275 0.170 0.240 0.230 9091 EMICO 0.235 -0.005 560.2 1.000 5.25 — 22.5 3.102 2.189 2.550 2.510 7229 FAVCO 2.550 0.050 35 3.009 6.27 4.71 558.2
2.266 1.750 2.030 1.960 7149 ENGKAH 1.990 -0.050 3 2.594 29.66 3.27 140.8 0.562 0.355 0.455 0.455 0149 FIBON 0.455 0.025 0.1 0.601 12.23 2.42 44.6
0.277 0.167 0.245 0.205 7208 EURO 0.235 0.030 15204.5 0.340 60.26 — 57.1 2.745 2.020 — — 3107 FIMACOR 2.300 — — — 7.85 4.35 564.1
0.990 0.620 0.720 0.700 7094 EUROSP 0.720 UNCH 22.1 0.000 — — 32.0 2.170 0.976 2.170 2.120 5197 FLBHD 2.140 0.030 579.1 1.001 11.17 4.21 220.8
18.891 15.421 18.120 18.020 3689 F&N 18.060 -0.020 6 18.260 23.12 3.05 6,624.0 1.645 1.243 1.480 1.430 3611 GBH 1.480 -0.020 2.6 1.260 3.66 10.14 276.2
0.830 0.475 0.610 0.585 9776 FARMBES 0.600 0.005 70.9 0.584 — — 36.6 1.190 0.455 1.190 1.150 7197 GESHEN 1.190 0.040 530.1 0.240 10.18 — 95.2
1.627 0.934 1.060 1.060 2755 FCW 1.060 -0.010 0.8 0.857 107.07 4.72 265.0 0.085 0.040 0.050 0.045 5220 GLOTEC 0.050 UNCH 737.5 0.055 — — 269.1
0.580 0.300 0.420 0.420 8605 FFHB 0.420 -0.030 5 0.265 13.95 — 34.7 0.550 0.205 0.290 0.280 7192 GOODWAY 0.290 -0.010 30.1 0.000 — — 32.1
0.856 0.595 0.695 0.695 9172 FPI 0.695 UNCH 5 0.750 36.58 4.32 171.9 0.135 0.064 0.110 0.105 7096 GPA 0.110 UNCH 1190.3 0.085 — — 107.9
14.980 11.854 14.300 14.120 3255 GAB 14.300 0.240 49.9 16.231 20.17 4.51 4,320.0 0.670 0.285 0.350 0.345 5649 GPHAROS 0.350 0.005 8 0.345 — — 47.1
1.150 0.720 0.890 0.850 5102 GCB 0.890 UNCH 10.1 1.388 — — 425.9 0.460 0.180 0.225 0.225 0136 GREENYB 0.225 0.005 252.8 0.239 17.05 4.89 75.1
2.822 2.070 2.280 2.270 5606 GOLDIS 2.280 0.020 0.2 1.980 11.00 0.88 1,391.9 0.130 0.070 0.095 0.090 7077 GSB 0.095 0.005 1591.8 0.090 — — 41.8
1.130 0.930 — — 5606PA GOLDIS-PA 0.995 — — — — — 453.4 1.197 0.883 0.980 0.970 3247 GUH 0.970 UNCH 24.5 1.002 13.84 5.15 269.6
0.175 0.040 — — 5187 HBGLOB 0.070 — — — — — 32.8 0.870 0.320 0.505 0.485 5151 HALEX 0.500 0.010 114.9 0.000 23.04 — 53.0
6.300 3.911 6.300 6.250 3301 HLIND 6.270 0.070 26.5 5.229 11.16 4.63 2,056.0 5.350 4.710 5.350 5.170 5168 HARTA 5.210 -0.010 2316.8 7.383 38.56 1.25 8,548.9
1.230 0.468 1.130 1.100 5160 HOMERIZ 1.120 -0.010 1977 0.567 15.20 3.78 336.0 3.500 2.650 — — 7105 HCK 3.220 — — — 17.67 — 178.5
0.552 0.304 0.495 0.480 7213 HOVID 0.490 0.005 1875.9 0.340 17.69 2.04 386.0 1.380 0.356 1.380 1.350 5095 HEVEA 1.370 0.010 2322.1 0.911 11.87 0.82 578.7
3.550 2.680 3.500 3.400 7141 HUATLAI 3.500 UNCH 25 0.000 5.39 — 303.1 0.955 0.625 0.920 0.905 3298 HEXZA 0.915 UNCH 379.4 0.672 13.07 4.92 183.3
1.377 0.724 1.250 1.230 5024 HUPSENG 1.240 0.010 391.5 6.066 21.27 2.82 992.0 0.728 0.230 0.295 0.295 5072 HIAPTEK 0.295 UNCH 56.6 0.719 — 1.02 211.9
0.500 0.340 0.410 0.390 8478 HWATAI 0.390 -0.020 45 0.390 — — 29.2 1.250 0.575 0.590 0.580 5199 HIBISCS 0.590 -0.010 727.1 2.033 — — 578.7
3.161 1.341 2.340 2.270 5107 IQGROUP 2.300 0.010 100.8 0.544 9.94 3.48 202.5 1.337 0.742 — — 7033 HIGHTEC 1.190 — — — 7.21 2.94 48.3
1.070 0.596 0.875 0.870 7152 JAYCORP 0.875 UNCH 63.7 0.585 14.96 4.00 120.1 1.040 0.530 0.800 0.790 8443 HIL 0.800 0.005 12.6 0.000 10.31 1.88 223.0
1.170 0.385 0.855 0.795 8931 JERASIA 0.830 0.050 3411.2 0.000 6.85 — 68.1 0.440 0.310 — — 5165 HOKHENG 0.400 — — — 34.19 — 32.0
3.680 1.878 3.500 3.440 5247 KAREX 3.500 0.070 4328.9 3.250 36.84 0.48 2,338.9 0.140 0.050 0.065 0.060 2739 HUAAN 0.060 -0.005 840.8 0.142 — — 67.3
2.850 1.284 2.730 2.690 7216 KAWAN 2.690 -0.060 54.8 1.280 20.85 0.74 548.8 4.315 2.986 3.480 3.480 5000 HUMEIND 3.480 -0.010 13.5 1.233 28.64 0.86 1,667.2
0.545 0.095 0.145 0.145 8303 KFM 0.145 UNCH 5.7 0.335 — — 9.9 0.180 0.065 0.075 0.075 9601 HWGB 0.075 0.005 1410 0.211 — — 45.1
0.935 0.450 0.790 0.775 6203 KHEESAN 0.790 0.010 367.7 0.503 14.06 — 70.5 0.970 0.760 0.880 0.880 9687 IDEALUBB 0.880 UNCH 20 1.000 — — 61.8
2.632 1.742 — — 7062 KHIND 2.340 — — — 10.69 2.99 93.7 1.950 1.170 1.690 1.650 7222 IMASPRO 1.690 0.040 18.9 0.000 13.51 2.07 135.2
1.380 0.920 1.050 0.990 0002 KOTRA 1.020 -0.030 43.5 0.850 127.50 — 135.0 0.450 0.250 0.295 0.285 7183 IRETEX 0.290 -0.015 650.9 1.655 — — 38.3
0.150 0.060 0.080 0.075 5172 KSTAR 0.080 0.005 116.5 0.113 — — 21.3 0.131 0.045 0.075 0.065 7223 JADI 0.070 UNCH 2325.1 0.000 — — 65.9
7.500 3.102 6.700 6.600 7006 LATITUD 6.690 0.090 126.5 1.553 8.15 1.79 650.3 0.265 0.135 0.155 0.155 8648 JASKITA 0.155 UNCH 47.4 0.150 15.50 1.94 69.7
5.800 2.950 5.800 5.490 9385 LAYHONG 5.800 0.390 333 0.000 14.89 — 303.6 0.460 0.150 — — 2747 JAVA 0.240 — — — — — 41.6
0.285 0.130 0.200 0.165 7943 LCHEONG 0.180 0.010 533.2 0.000 — — 11.9 1.280 0.920 — — 7043 JMR 1.060 — — — 165.63 2.83 134.4
0.405 0.150 0.320 0.300 8079 LEESK 0.310 0.015 9022 0.000 11.11 — 52.0 2.220 1.210 2.220 2.130 7167 JOHOTIN 2.190 0.080 1431.2 1.762 10.86 1.60 204.3
2.640 2.220 2.580 2.510 7089 LIIHEN 2.540 -0.030 414.4 1.650 12.37 2.69 457.2 2.108 1.060 1.240 1.220 4383 JTIASA 1.220 -0.020 268.5 2.390 34.27 1.23 1,187.9
0.925 0.550 0.815 0.790 7126 LONBISC 0.810 0.020 765.6 0.696 10.07 — 151.1 0.328 0.145 0.195 0.185 0054 KARYON 0.185 UNCH 213.4 0.359 10.57 2.16 88.0
2.388 1.187 1.750 1.670 7085 LTKM 1.750 0.080 124 2.636 8.80 3.33 227.7 0.594 0.353 0.555 0.540 7199 KEINHIN 0.555 0.010 256.8 0.360 12.61 1.80 54.9
5.990 2.364 5.800 5.700 7087 MAGNI 5.800 -0.020 121 2.282 10.91 1.38 629.2 0.710 0.430 — — 6211 KIALIM 0.560 — — — 4.40 — 34.7
0.255 0.080 0.100 0.100 5189 MAXWELL 0.100 UNCH 50 0.292 3.58 — 40.0 3.220 2.730 3.200 3.100 3522 KIANJOO 3.190 0.030 86.4 3.204 10.33 — 1,416.9
1.850 1.160 1.350 1.340 3662 MFLOUR 1.350 -0.010 19.1 1.465 14.79 4.07 726.6 2.260 1.031 2.040 1.960 5371 KIMHIN 1.960 -0.010 555.1 1.250 10.46 3.06 305.0
1.290 0.850 — — 7935 MILUX 0.920 — — — — — 50.1 0.240 0.110 0.120 0.115 5060 KINSTEL 0.120 UNCH 2339 0.155 1.35 — 125.9
1.417 1.046 1.220 1.200 5886 MINTYE 1.220 0.080 14 1.388 18.89 2.46 74.2 2.110 1.174 1.750 1.700 9466 KKB 1.710 -0.050 757.5 2.679 10.26 2.34 440.8
5.357 4.620 — — 5202 MSM 4.810 — — — 11.78 4.99 3,381.3 0.792 0.379 0.535 0.525 7164 KNM 0.530 0.005 16712 0.430 14.80 — 1,040.0
0.170 0.065 0.095 0.090 5150 MSPORTS 0.095 0.005 123.2 0.174 3.85 — 49.2 1.650 0.902 1.520 1.450 6971 KOBAY 1.500 -0.020 254.2 0.000 9.45 2.00 102.1
1.497 1.100 1.280 1.250 3921 MWE 1.280 0.030 65.3 1.714 20.16 1.04 296.4 0.660 0.335 0.615 0.585 7017 KOMARK 0.610 0.025 597.6 0.605 — — 76.0
73.920 64.768 72.320 72.020 4707 NESTLE 72.320 0.320 1.5 68.567 28.78 1.80 16,959.0 8.510 4.230 8.200 8.010 7153 KOSSAN 8.150 0.150 695.2 3.703 31.19 0.98 5,211.7
2.735 2.201 2.600 2.480 7060 NHFATT 2.500 UNCH 12.7 2.915 13.87 4.00 187.9 0.600 0.250 — — 7130 KPOWER 0.440 — — — — — 24.8
0.245 0.080 0.105 0.100 7139 NICE 0.105 0.005 160.3 0.135 — — 29.3 6.161 4.286 5.100 5.050 3476 KSENG 5.050 -0.030 19.6 7.467 10.92 1.98 1,825.5
0.445 0.212 0.310 0.295 7215 NIHSIN 0.300 UNCH 1473.2 0.156 71.43 1.67 71.0 0.687 0.330 — — 5192 KSSC 0.450 — — — 13.04 4.44 43.2
0.810 0.592 0.705 0.700 5066 NTPM 0.700 UNCH 60 0.704 16.02 1.04 786.2 0.720 0.420 — — 8362 KYM 0.500 — — — 37.31 — 74.9
0.740 0.455 0.485 0.480 7071 OCR 0.480 UNCH 79 0.268 — — 98.8 10.612 8.306 9.220 9.070 3794 LAFMSIA 9.100 UNCH 674.1 9.834 31.84 3.52 7,732.2
1.980 0.583 1.870 1.830 7107 OFI 1.830 -0.010 867.9 2.311 18.03 1.91 439.2 0.682 0.384 0.505 0.500 9326 LBALUM 0.500 -0.005 37.7 0.530 12.76 4.00 124.2
7.797 6.301 7.020 7.020 4006 ORIENT 7.020 UNCH 127 8.629 13.41 1.71 4,355.2 0.745 0.213 0.745 0.695 5092 LCTH 0.735 0.030 9558.7 0.221 15.71 0.68 264.6
1.731 1.252 1.550 1.530 7052 PADINI 1.530 -0.010 272.9 1.769 12.56 6.54 1,006.6 0.605 0.420 0.475 0.460 5232 LEONFB 0.465 UNCH 640.9 0.474 5.64 6.45 144.2
22.219 16.951 — — 3719 PANAMY 22.000 — — — 12.41 2.27 1,336.4 0.215 0.110 0.140 0.140 8745 LEWEKO 0.140 -0.005 110.3 0.175 — — 45.1
0.800 0.577 — — 5022 PAOS 0.770 — — — 43.50 3.25 93.0 0.080 0.030 0.050 0.040 3581 LIONCOR 0.040 -0.005 36.5 0.095 — — 52.6
0.300 0.200 — — 9407 PARAGON 0.290 — — — — — 20.3 0.139 0.070 0.085 0.085 2887 LIONDIV 0.085 0.005 241 0.205 — — 118.3
0.630 0.275 0.570 0.555 6068 PCCS 0.555 -0.010 72.5 0.470 — — 33.3 0.620 0.220 0.315 0.305 4235 LIONIND 0.315 -0.005 522.3 0.761 — — 226.1
1.280 0.755 0.885 0.845 5231 PELIKAN 0.865 0.010 73.3 0.606 — — 478.6 0.305 0.170 — — 9881 LSTEEL 0.195 — — — — — 25.0
0.375 0.165 0.200 0.195 4081 PMCORP 0.195 -0.005 98.8 0.258 51.32 — 150.8 0.120 0.065 0.090 0.085 5068 LUSTER 0.085 0.005 10479 0.091 — — 147.2
0.595 0.352 0.470 0.460 5080 POHKONG 0.460 UNCH 23 0.464 13.03 2.17 188.8 4.250 3.000 3.540 3.480 9199 LYSAGHT 3.500 0.040 84 0.000 8.57 — 145.5
1.700 0.530 1.510 1.470 7088 POHUAT 1.490 -0.020 1167.8 0.837 9.25 3.69 337.9 1.006 0.330 0.375 0.375 5098 MASTEEL 0.375 0.010 0.1 1.078 — 1.73 91.7
16.200 13.212 15.780 15.460 4065 PPB 15.460 -0.260 767.9 14.816 17.94 1.55 18,327.8 0.871 0.502 — — 7029 MASTER 0.650 — — — 7.95 1.54 35.5
0.605 0.463 0.535 0.530 7190 PPG 0.530 -0.045 62.2 0.570 13.95 3.77 53.0 0.450 0.320 — — 8095 MAYPAK 0.400 — — — — — 16.8
2.730 1.022 2.570 2.480 8966 PRLEXUS 2.540 0.060 260.2 1.000 12.71 1.08 296.8 0.900 0.660 0.800 0.795 5152 MBL 0.800 0.010 43 1.019 15.18 3.75 73.6
1.560 0.990 1.240 1.180 7134 PW 1.240 UNCH 2.3 0.711 8.76 6.45 93.7 0.440 0.190 0.210 0.210 3778 MELEWAR 0.210 UNCH 27 0.231 — — 47.6
2.830 1.258 2.730 2.620 7237 PWROOT 2.720 0.090 2371.8 1.828 17.18 2.57 826.6 0.960 0.515 0.630 0.630 5223 MENTIGA 0.630 UNCH 5 0.000 11.45 — 44.1
4.255 3.031 4.060 4.000 7084 QL 4.040 0.040 193.6 4.165 26.39 1.05 5,042.0 1.470 1.091 — — 8192 MERCURY 1.170 — — — 9.40 5.13 47.0
1.710 1.000 — — 9946 REX 1.510 — — — 559.26 — 93.1 0.680 0.105 — — 7059 METALR 0.200 — — — — — 9.6
2.800 1.295 2.550 2.550 5252 SASBADI 2.550 0.020 250 0.000 22.43 1.18 323.9 2.100 1.640 — — 6149 METROD 1.850 — — — 13.19 3.24 222.0
0.585 0.365 0.505 0.485 5157 SAUDEE 0.490 -0.010 939 0.229 — — 44.1 1.220 0.355 1.140 1.100 5001 MIECO 1.120 0.010 2370.9 0.335 8.40 — 235.2
0.700 0.340 — — 7180 SERNKOU 0.630 — — — 35.00 — 75.6 0.175 0.060 0.065 0.065 7219 MINETEC 0.065 -0.005 3127 0.165 — — 43.2
0.700 0.320 0.670 0.650 7165 SGB 0.670 0.005 108.1 0.000 — — 70.0 1.920 0.700 1.320 1.290 5576 MINHO 1.310 0.010 461.8 0.000 9.40 — 143.9
2.230 0.685 2.230 2.110 7412 SHH 2.230 0.140 202.6 0.000 16.93 4.48 111.5 0.500 0.300 — — 7595 MLGLOBAL 0.365 — — — 1.69 — 32.7
3.270 1.465 2.630 2.560 7246 SIGN 2.620 0.020 648.6 1.371 8.69 1.53 314.4 3.180 2.090 2.350 2.340 5916 MSC 2.340 0.020 2.3 0.000 — — 234.0
0.075 0.040 0.045 0.045 8532 SINOTOP 0.045 -0.005 100 0.066 75.00 — 88.9 1.904 1.040 1.400 1.310 3883 MUDA 1.390 0.050 868.5 0.911 26.58 2.16 424.0
2.190 1.710 1.970 1.950 7103 SPRITZER 1.970 0.010 7 1.802 11.72 2.54 280.8 1.520 0.855 0.970 0.950 7004 MULTICO 0.960 0.010 28 1.685 — 8.33 42.6
0.864 0.730 0.835 0.835 7186 SWSCAP 0.835 0.025 10 0.256 — 1.20 105.6 0.410 0.210 — — 5087 MYCRON 0.260 — — — 10.44 — 73.7
0.654 0.365 0.490 0.470 7082 SYF 0.485 0.015 4906.3 0.000 11.00 — 296.5 1.160 0.120 — — 7002 NAKA 0.125 — — — — — 6.9
0.600 0.280 — — 7211 TAFI 0.365 — — — 52.14 — 29.2 0.160 0.100 — — 5025 NWP 0.120 — — — — — 38.4
4.183 2.262 2.600 2.470 4405 TCHONG 2.500 -0.050 132.5 6.522 31.93 2.00 1,680.0 0.705 0.470 0.570 0.550 4944 NYLEX 0.570 0.015 73 0.530 14.88 5.26 110.8
0.701 0.355 0.670 0.615 7200 TEKSENG 0.660 0.045 4820.8 0.000 22.60 1.52 166.2 1.080 0.515 0.920 0.895 7140 OKA 0.915 0.015 800.5 0.912 9.05 3.28 142.5
2.220 1.060 1.580 1.540 7252 TEOSENG 1.550 -0.020 832.7 0.600 9.30 2.15 465.0 1.404 0.848 0.965 0.965 5065 ORNA 0.965 -0.005 7 0.747 8.28 2.59 72.6
1.625 1.250 — — 9369 TGL 1.280 — — — 11.75 5.86 52.2 0.120 0.050 0.060 0.060 7225 PA 0.060 UNCH 50 0.145 — — 56.8
0.579 0.445 — — 7230 TOMEI 0.500 — — — — 2.00 69.3 6.700 4.519 6.370 6.220 5183 PCHEM 6.350 0.080 3272.1 6.740 21.70 2.52 50,800.0
0.625 0.350 0.530 0.510 7176 TPC 0.525 0.010 30.3 0.369 8.65 — 42.0 0.635 0.375 0.600 0.580 9997 PENSONI 0.590 0.010 1335.7 0.558 4.30 5.93 76.5
11.395 7.410 8.260 8.020 4588 UMW 8.220 0.140 880.4 12.391 18.90 4.99 9,603.4 5.100 3.448 5.050 4.930 5436 PERSTIM 5.040 0.090 97.2 3.869 10.83 7.54 500.5
1.796 1.337 1.680 1.680 7757 UPA 1.680 UNCH 2 1.330 8.30 4.76 133.7 0.330 0.045 0.115 0.110 5146 PERWAJA 0.110 -0.010 1650 0.127 — — 61.6
0.600 0.408 — — 7203 WANGZNG 0.600 — — — 6.94 4.17 96.0 23.670 20.194 23.120 22.540 6033 PETGAS 22.980 -0.020 652.7 23.904 20.14 1.87 45,471.3
0.195 0.084 0.110 0.100 5156 XDL 0.105 UNCH 4751.2 0.329 7.89 — 141.5 3.230 2.300 3.160 3.130 3042 PETRONM 3.140 -0.010 229.9 3.040 11.46 — 847.8
0.670 0.220 0.450 0.450 7121 XIANLNG 0.450 -0.020 4.5 0.230 38.46 — 32.7 7.550 5.007 7.500 7.350 7095 PIE 7.470 0.020 62.7 6.873 14.06 1.61 573.8
0.690 0.327 0.555 0.545 5155 XINQUAN 0.545 -0.005 476.5 0.830 1.20 3.67 184.2 1.362 0.781 0.990 0.915 7172 PMBTECH 0.990 UNCH 0.2 0.670 11.47 4.04 79.2
2.214 1.220 1.880 1.850 5584 YEELEE 1.870 0.010 264.5 1.310 14.63 1.60 342.4 3.428 1.400 2.350 2.320 8869 PMETAL 2.330 -0.020 701.3 2.358 13.48 4.51 3,026.3
0.365 0.190 — — 7184 YEN 0.270 — — — — — 33.8 1.090 0.900 — — 6637 PNEPCB 0.970 — — — 746.15 — 63.8
1.170 0.766 0.940 0.940 5159 YOCB 0.940 0.005 77 0.871 8.06 4.26 150.4 0.510 0.335 — — 8117 POLY 0.385 — — — 13.10 — 61.6
3.490 1.165 2.560 2.540 7178 YSPSAH 2.540 -0.020 36.9 1.336 14.79 2.56 341.7 0.905 0.535 0.855 0.845 8273 PPHB 0.850 UNCH 147.3 1.000 7.11 — 93.4
2.207 1.373 1.630 1.600 5131 ZHULIAN 1.630 0.030 60.8 4.939 14.46 3.99 749.8 0.380 0.290 0.345 0.345 9458 PREMIER 0.345 UNCH 200 0.368 132.69 — 116.3
INDUSTRIAL PRODUCTS 0.557 0.384 0.460 0.460 9873 PRESTAR 0.460 -0.005 7 0.492 8.33 4.35 83.7
1.260 0.717 1.080 1.040 0012 3A 1.050 -0.040 920.8 0.893 20.75 1.33 413.3 0.793 0.450 0.710 0.695 7168 PRG 0.710 UNCH 135.1 0.000 20.17 1.41 103.0
0.210 0.110 0.155 0.140 7086 ABLEGRP 0.145 0.010 6030 0.142 85.29 — 38.3 0.230 0.110 0.175 0.170 7123 PWORTH 0.175 UNCH 1181.5 0.236 31.25 — 89.7
0.640 0.545 0.590 0.570 7061 ABRIC 0.580 0.010 392 0.280 — — 81.5 1.800 1.130 — — 7544 QUALITY 1.510 — — — — — 87.5
0.580 0.240 0.305 0.300 7131 ACME 0.305 0.005 40 0.430 9.53 — 66.6 0.900 0.650 0.830 0.830 7498 RALCO 0.830 -0.010 3 0.000 12.61 — 34.8
1.070 0.760 0.980 0.955 7191 ADVENTA 0.970 0.010 108.2 1.061 40.76 — 148.2 6.330 4.960 6.100 5.910 7765 RAPID 5.910 -0.310 8 3.770 — — 516.8
2.520 1.772 2.020 1.900 9148 ADVPKG 2.010 0.010 107.3 0.000 14.50 4.98 41.2 0.370 0.240 0.310 0.310 7232 RESINTC 0.310 UNCH 3 0.280 7.52 — 42.5
0.850 0.548 0.780 0.765 7803 RUBEREX 0.775 UNCH 533 0.766 17.15 1.94 177.7
* Volume Weighted Average Price # PE is calculated based on latest 12 months reported Earnings Per Share
34 Markets M ON DAY N OVEM B ER 2 , 2 0 1 5 • TH EEDGE FI N AN C I AL DAI LY MO

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)

4.584 3.154 3.930 3.880 5134 SAB 3.930 0.050 1.6 2.844 17.73 1.27 538.2 0.860 0.540 0.770 0.770 7189 EKIB 0.770 UNCH 2 0.385 — — 70.7 4
8.280 2.170 7.990 7.540 9822 SAM 7.840 0.170 332.5 2.586 14.23 1.52 676.4 1.328 0.966 1.120 1.110 5056 ENGTEX 1.110 UNCH 1040 1.658 7.07 0.90 329.7 2
1.387 0.800 1.090 1.050 7811 SAPIND 1.080 -0.050 47.7 1.447 17.53 5.56 78.6 2.284 1.500 1.750 1.750 6939 FIAMMA 1.750 0.010 127 1.888 6.86 5.14 253.3 PROP
1.553 1.130 1.530 1.470 5170 SCABLE 1.500 0.030 520.1 1.541 9.51 1.50 475.6 0.862 0.450 0.510 0.505 9318 FITTERS 0.510 -0.005 1216.6 0.750 14.17 5.37 244.9 1
2.780 0.977 2.770 2.720 7247 SCGM 2.750 0.030 283 0.870 19.64 3.39 330.0 1.735 1.250 1.480 1.420 7210 FREIGHT 1.480 0.050 12.4 1.540 12.57 3.38 256.0 1
1.170 0.700 0.865 0.800 9237 SCIB 0.840 0.015 73.7 0.491 — — 61.8 0.340 0.120 0.235 0.220 0128 FRONTKN 0.230 0.015 24075.7 0.075 12.57 — 242.3 0
7.800 6.447 7.660 7.640 4731 SCIENTX 7.660 UNCH 64.2 5.621 10.89 2.87 1,761.8 0.450 0.110 — — 9377 FSBM 0.150 — — — — — 19.1 0
1.050 0.280 0.345 0.330 7239 SCNWOLF 0.345 0.015 105.3 0.299 — — 30.2 3.375 1.892 2.380 2.300 5209 GASMSIA 2.370 0.020 84.9 3.875 21.84 4.88 3,043.1 1
0.455 0.230 0.255 0.250 7366 SCOMIEN 0.255 0.010 41.7 0.430 39.84 — 87.2 1.840 0.820 1.360 1.340 0078 GDEX 1.360 0.010 95.2 2.952 57.14 0.62 1,681.5 0
1.128 0.526 0.785 0.770 7073 SEACERA 0.770 -0.005 713.3 0.893 28.21 3.90 146.0 4.620 3.716 4.350 4.250 4715 GENM 4.300 0.060 3412.3 4.211 20.86 1.47 25,533.6 0
0.460 0.250 0.315 0.305 5145 SEALINK 0.310 UNCH 501.3 0.403 24.22 — 155.0 9.774 6.510 7.520 7.340 3182 GENTING 7.420 0.070 3574.9 10.196 20.98 0.54 27,774.5 1
0.770 0.370 0.675 0.640 5163 SEB 0.650 0.005 1981.9 0.590 — 3.08 52.0 1.730 0.948 1.670 1.640 3204 GKENT 1.640 -0.010 501.8 1.081 14.56 3.23 492.7 2
6.000 4.400 5.850 5.550 4324 SHELL 5.680 0.030 21.1 6.998 — — 1,704.0 0.524 0.380 0.470 0.455 7676 GUNUNG 0.460 0.010 146.3 0.883 12.23 1.30 108.6 2
0.648 0.365 0.520 0.520 5181 SIGGAS 0.520 UNCH 27 0.580 11.38 1.35 97.5 2.537 1.890 2.380 2.370 7668 HAIO 2.380 UNCH 44.1 2.644 15.42 6.30 481.2 3
0.850 0.440 — — 7115 SKBSHUT 0.525 — — — — — 21.0 0.070 0.060 — — 7110 HAISAN 0.065 — — — — — 5.2 1
1.556 0.551 1.410 1.360 7155 SKPRES 1.410 0.020 2682.3 0.320 26.60 1.39 1,534.8 0.455 0.265 0.335 0.330 7253 HANDAL 0.330 -0.005 30 0.468 6.52 — 52.8 2
1.880 0.478 1.840 1.760 7248 SLP 1.780 -0.060 298.8 0.420 24.48 1.40 440.3 6.350 3.416 6.160 6.030 3034 HAPSENG 6.050 -0.010 1489.1 2.654 12.27 4.13 13,601.3 0
0.845 0.581 — — 7132 SMISCOR 0.780 — — — 20.47 3.21 34.9 2.980 1.350 2.790 2.730 2062 HARBOUR 2.730 -0.020 91.8 0.869 9.54 2.01 496.9 2
1.460 0.730 0.930 0.930 5665 SSTEEL 0.930 UNCH 20 1.597 — — 390.1 3.784 2.969 3.150 3.150 5008 HARISON 3.150 UNCH 5 3.050 10.43 4.76 215.7 1
0.538 0.200 0.295 0.270 7143 STONE 0.270 -0.020 854.4 0.635 — — 24.3 0.050 0.010 0.015 0.010 7013 HUBLINE 0.015 UNCH 483 0.048 — — 48.8 2
2.173 1.500 — — 6904 SUBUR 1.660 — — — 122.06 3.01 346.9 1.420 0.250 0.350 0.345 5255 ICON 0.350 0.005 503.8 0.000 8.16 — 412.0 1
2.170 1.300 2.110 2.050 7207 SUCCESS 2.110 0.020 552.5 1.224 10.87 3.79 253.2 6.580 4.576 6.320 6.230 5225 IHH 6.310 0.060 9796.9 4.042 65.66 0.48 51,888.8 0
1.990 0.529 1.950 1.930 7235 SUPERLN 1.940 -0.010 453.2 0.472 12.71 1.55 155.2 0.910 0.599 0.835 0.825 5614 ILB 0.825 -0.015 25.9 0.723 — 4.24 146.9 1
2.644 1.524 2.280 2.200 7106 SUPERMX 2.250 0.030 3385.7 2.636 16.62 2.22 1,530.3 1.630 0.790 1.010 1.010 5673 IPMUDA 1.010 UNCH 31 0.670 5.92 — 73.2 0
3.930 3.115 3.930 3.860 5012 TAANN 3.870 -0.040 264.7 4.033 11.40 5.17 1,434.8 0.411 0.205 0.240 0.235 8923 JIANKUN 0.240 UNCH 265.1 0.322 — — 36.4 0
0.445 0.240 0.285 0.270 4022 TADMAX 0.285 0.015 136.3 0.350 1.95 — 126.9 2.775 1.450 2.000 1.980 0058 JOBST 1.990 0.010 16.8 0.000 4.40 11.06 278.6 1
1.020 0.370 0.750 0.715 5149 TAS 0.725 -0.005 2811.6 1.134 8.06 — 130.5 0.650 0.360 0.390 0.390 8672 KAMDAR 0.390 UNCH 30 0.000 8.86 — 77.2 1
15.886 14.020 15.040 14.980 4448 TASEK 14.980 -0.060 17.6 0.000 17.54 4.67 1,851.8 0.450 0.245 — — 5079 KBES 0.310 — — — — — 39.1 0
15.723 15.100 — — 4448P TASEK-PA 15.100 — — — — 3.05 5.1 2.000 1.638 1.800 1.770 6491 KFIMA 1.780 UNCH 46.3 1.978 9.31 4.78 492.7 2
0.235 0.080 — — 5178 TATGIAP 0.105 — — — — — 16.3 0.457 0.250 — — 0151 KGB 0.340 — — — 14.66 2.94 74.8 2
0.530 0.215 0.250 0.250 7097 TAWIN 0.250 -0.010 7.3 0.304 — — 16.1 1.944 1.420 1.520 1.510 5035 KNUSFOR 1.520 -0.030 15 0.000 5.40 3.29 151.5 0
1.620 0.700 1.620 1.380 7439 TECGUAN 1.620 0.290 1852.3 0.000 44.26 — 65.0 4.389 3.472 4.270 4.220 5878 KPJ 4.270 0.060 1382.1 6.116 29.09 1.90 4,500.9 2
1.520 0.685 1.300 1.280 9741 TECNIC 1.290 -0.010 133.2 2.939 0.50 — 52.1 1.741 1.031 1.310 1.270 5843 KPS 1.280 UNCH 647.2 2.191 6.02 3.13 638.7 2
0.420 0.220 0.300 0.295 6378 TEKALA 0.300 UNCH 40 0.345 — — 45.9 0.555 0.350 0.450 0.445 9121 KPSCB 0.450 UNCH 226.9 0.462 5.06 — 66.5 2
2.390 1.650 2.140 2.050 7034 TGUAN 2.120 0.070 335.8 1.801 18.29 3.30 223.0 0.450 0.190 0.225 0.220 4847 KTB 0.225 0.005 266 0.152 11.48 — 90.6 0
2.054 1.562 1.710 1.700 7374 TIENWAH 1.710 UNCH 17.4 2.500 13.71 4.68 165.0 0.545 0.270 0.340 0.330 6874 KUB 0.330 UNCH 696.1 0.429 31.43 — 183.6 1
0.800 0.640 — — 7854 TIMWELL 0.800 — — — — — 71.2 0.300 0.120 0.270 0.265 7170 LFECORP 0.265 -0.005 325 0.151 25.73 — 33.7 0
2.450 1.146 2.390 2.370 7285 TOMYPAK 2.380 0.010 333.5 1.426 15.24 2.52 260.5 0.900 0.500 — — 8486 LIONFIB 0.685 — — — — — 158.6 0
2.300 1.660 1.860 1.820 5010 TONGHER 1.840 -0.020 47 1.795 11.49 6.52 234.5 1.630 0.699 1.600 1.560 5143 LUXCHEM 1.580 UNCH 487.3 1.286 18.70 3.16 418.3 1
9.770 4.078 9.590 9.470 7113 TOPGLOV 9.490 0.040 2606.7 5.730 20.92 1.79 5,936.7 2.909 2.421 2.700 2.680 3859 MAGNUM 2.690 0.010 838.6 3.264 14.90 7.43 3,867.5 2
0.773 0.530 — — 7173 TOYOINK 0.620 — — — 45.93 1.61 66.3 1.879 1.180 1.750 1.710 5264 MALAKOF 1.710 -0.030 4142.6 0.000 3.49 — 8,550.0 0
0.250 0.140 — — 4359 TURIYA 0.145 — — — 16.11 — 33.2 0.190 0.135 0.150 0.145 3514 MARCO 0.150 UNCH 764 0.150 7.54 1.33 158.1 1
1.696 1.245 1.640 1.610 7100 UCHITEC 1.630 0.020 312.7 1.400 14.48 6.13 639.1 7.144 6.142 6.610 6.530 6012 MAXIS 6.590 0.060 3804.7 7.027 30.64 4.70 49,489.4 1
4.450 1.361 4.450 4.390 7133 ULICORP 4.410 0.060 1213.5 1.014 26.17 3.17 640.3 1.555 0.775 0.900 0.895 5077 MAYBULK 0.900 0.005 182 1.704 — 1.11 900.0 0
0.971 0.679 0.875 0.850 7227 UMSNGB 0.875 0.030 36.5 0.920 6.35 2.86 70.0 3.457 2.507 2.820 2.730 5983 MBMR 2.800 -0.050 145 3.599 8.97 2.86 1,094.0 1
0.945 0.600 — — 4995 VERSATL 0.740 — — — — — 86.8 1.852 1.011 1.400 1.380 4502 MEDIA 1.390 UNCH 1065.1 2.650 20.41 7.91 1,541.8 1
1.560 0.391 1.550 1.490 6963 VS 1.550 0.050 8564.8 1.368 3.47 2.32 1,801.5 0.882 0.500 0.575 0.560 5090 MEDIAC 0.575 0.010 588 1.005 2.53 5.90 970.2 1
1.595 1.127 1.200 1.190 5142 WASEONG 1.190 UNCH 89.4 1.682 9.01 3.78 922.1 1.010 0.650 — — 7234 MESB 0.870 — — — 22.14 — 36.5 2
0.445 0.260 0.350 0.320 7226 WATTA 0.350 UNCH 30 0.000 — — 29.6 2.630 1.886 2.540 2.520 3069 MFCB 2.520 UNCH 591.9 1.976 7.68 3.17 613.2 1
1.810 1.200 1.810 1.730 7111 WEIDA 1.770 0.090 1893.5 1.686 9.77 1.69 236.0 2.340 0.895 1.120 1.090 5186 MHB 1.100 UNCH 1864.3 3.738 16.11 — 1,760.0 0
2.420 1.318 2.370 2.350 7231 WELLCAL 2.360 UNCH 122.6 3.453 21.63 3.90 782.7 9.350 6.394 9.090 9.030 3816 MISC 9.030 -0.020 5694.5 1.000 15.15 1.50 40,308.1 0
0.700 0.470 0.530 0.505 7050 WONG 0.530 -0.005 37.1 0.505 — — 48.6 2.754 1.490 2.260 2.230 2194 MMCCORP 2.230 -0.030 114.1 2.820 4.06 1.57 6,790.5 0
0.650 0.420 0.505 0.490 7025 WOODLAN 0.500 -0.010 12 0.484 18.66 — 20.0 0.621 0.330 0.450 0.430 0059 MMODE 0.450 0.010 958.9 0.686 9.49 2.22 73.2 0
2.460 1.880 2.410 2.400 5009 WTHORSE 2.400 -0.030 9 1.876 8.71 4.17 576.0 0.125 0.065 0.070 0.070 0043 MTRONIC 0.070 UNCH 15325.1 0.094 35.00 — 53.1 3
1.236 0.895 1.120 1.100 4243 WTK 1.120 UNCH 3357.8 1.259 20.33 1.63 539.1 0.330 0.155 0.195 0.185 3891 MUIIND 0.190 UNCH 161 0.201 — — 557.2 0
2.580 1.110 1.580 1.550 7245 WZSATU 1.580 UNCH 125.3 0.904 22.48 — 399.7 0.435 0.270 0.310 0.305 3905 MULPHA 0.305 0.005 1046.7 0.424 3.75 — 718.6 0
1.176 0.800 0.865 0.865 5048 YILAI 0.865 UNCH 79 0.000 11.25 2.31 138.4 3.070 2.500 2.990 2.920 0138 MYEG 2.960 0.040 3919.2 2.509 51.93 0.51 3,558.2 1
0.335 0.170 — — 7020 YKGI 0.195 — — — — — 67.9 1.160 0.560 — — 9806 NATWIDE 0.790 — — — 3950.00 — 47.5 1
0.830 0.535 0.770 0.770 7014 YLI 0.770 0.035 1 0.797 — — 78.1 4.520 2.064 4.280 4.270 5509 NCB 4.280 UNCH 40.5 3.644 38.56 1.64 2,012.7 0
0.880 0.535 0.715 0.715 7014 YLI 0.715 UNCH 18.7 0.797 — — 72.5 0.140 0.075 0.090 0.085 4464 NICORP 0.085 UNCH 400 0.115 — — 66.5 3
CONSTRUCTION 1.007 0.587 — — 5533 OCB 0.765 — — — 13.21 2.61 78.7 3
0.560 0.260 0.500 0.450 7007 ARK 0.450 UNCH 88.3 0.000 25.57 — 20.6 1.000 0.615 0.795 0.790 0172 OCK 0.795 UNCH 608.8 0.816 19.20 — 419.9 2
0.728 0.505 0.660 0.645 7078 AZRB 0.645 -0.015 35.2 0.931 16.37 3.10 311.9 1.776 1.231 1.340 1.330 5201 OLDTOWN 1.340 0.010 497 2.573 13.21 4.48 620.7 2
1.401 0.540 0.700 0.685 6173 BDB 0.700 0.010 44 0.000 5.09 5.00 212.7 0.180 0.085 0.110 0.105 3018 OLYMPIA 0.105 UNCH 511 0.124 4.13 — 107.5 2
0.925 0.510 0.580 0.580 5190 BENALEC 0.580 -0.005 145.1 0.888 55.24 0.52 470.8 2.957 0.672 2.600 2.540 5260 OWG 2.550 -0.030 311.7 0.000 30.47 — 471.8 0
0.625 0.330 0.455 0.440 5932 BPURI 0.450 -0.005 2147.9 0.799 14.47 4.44 97.9 0.501 0.378 0.465 0.460 8419 PANSAR 0.460 UNCH 96.7 0.494 8.65 4.89 128.8 1
1.208 0.847 0.985 0.970 8761 BREM 0.970 -0.005 24 1.255 7.69 3.09 335.1 0.936 0.456 0.645 0.635 5125 PANTECH 0.635 -0.010 637.2 0.994 10.67 3.45 391.5 2
1.476 0.950 1.040 0.985 8591 CRESBLD 1.040 0.040 34 1.480 7.15 3.61 184.0 2.346 0.990 1.080 1.060 5657 PARKSON 1.070 -0.010 695 3.506 62.21 — 1,170.5 0
1.879 1.672 1.750 1.710 7528 DKLS 1.710 -0.040 15 0.000 7.17 1.75 158.5 1.443 0.910 1.120 1.120 5041 PBA 1.120 UNCH 652.7 0.984 15.11 3.35 371.0 1
1.168 0.702 1.040 1.010 5253 ECONBHD 1.020 0.010 1964.6 0.000 11.70 2.45 545.7 0.280 0.055 0.085 0.080 6254 PDZ 0.080 -0.005 2103.4 0.080 — — 69.5 1
1.170 0.850 0.995 0.955 8877 EKOVEST 0.960 UNCH 15.2 2.720 46.15 2.08 821.2 2.711 0.880 1.250 1.240 5133 PENERGY 1.240 UNCH 43.8 2.187 9.38 1.61 399.0 1
0.530 0.340 0.490 0.490 7047 FAJAR 0.490 UNCH 120 0.603 — 2.55 161.7 1.680 0.985 — — 7108 PERDANA 1.540 — — — 29.11 1.30 1,154.9 1
1.807 0.943 1.500 1.490 7161 FUTUTEC 1.500 0.010 26.6 0.000 8.46 2.00 137.4 1.110 0.240 0.330 0.325 0047 PERISAI 0.325 UNCH 3585 1.458 13.27 — 387.8 3
1.717 1.130 1.670 1.610 9261 GADANG 1.640 0.070 7005.2 1.010 5.90 3.05 385.6 0.280 0.135 0.180 0.180 7080 PERMAJU 0.180 UNCH 40 0.346 — — 35.3 0
5.293 3.770 4.600 4.500 5398 GAMUDA 4.500 -0.060 3144.7 4.762 15.53 2.67 10,826.6 6.240 2.798 6.190 6.100 5219 PESTECH 6.100 -0.040 643.9 2.757 23.60 0.66 1,133.3 1
1.726 0.800 0.860 0.835 5226 GBGAQRS 0.860 0.020 133.6 1.178 8.45 2.20 336.2 24.000 14.210 22.980 22.500 5681 PETDAG 22.500 UNCH 667.6 30.797 34.97 1.69 22,352.7 5
1.540 0.780 0.975 0.960 5169 HOHUP 0.965 -0.005 257.5 1.184 4.41 — 334.5 0.250 0.030 — — 7027 PETONE 0.055 — — — 0.59 — 2.8 3
1.478 1.114 — — 5169PA HOHUP-PA 1.360 — — — — 1.84 11.0 7.372 3.929 — — 7081 PHARMA 6.460 — — — 16.78 5.26 1,672.4 1
1.490 1.180 — — 5169PB HOHUP-PB 1.290 — — — — 1.16 25.4 0.270 0.180 0.210 0.210 7201 PICORP 0.210 UNCH 138.7 0.175 13.04 1.81 138.2 3
1.950 1.593 1.870 1.850 6238 HSL 1.850 -0.010 133.1 1.930 13.00 1.41 1,078.0 0.430 0.220 — — 7163 PJBUMI 0.295 — — — — — 14.8 1
3.685 2.870 3.380 3.310 3336 IJM 3.320 -0.030 4421.4 5.810 15.65 2.26 11,862.5 5.116 3.337 3.890 3.790 4634 POS 3.880 0.030 176.8 5.937 16.99 3.38 2,083.7 0
0.835 0.540 0.685 0.675 5268 IKHMAS 0.675 -0.010 940.7 0.000 — — 351.0 2.713 1.296 2.390 2.320 5204 PRESBHD 2.340 -0.050 507.4 2.589 69.64 1.39 1,132.6 8
0.905 0.530 0.645 0.630 8834 IREKA 0.645 0.005 8 1.052 — — 110.2 3.310 1.864 2.940 2.880 8346 PRKCORP 2.940 0.020 10.1 1.000 2.42 — 294.0 0
1.240 0.375 1.240 1.160 4723 JAKS 1.210 0.060 10288.1 0.522 33.06 — 530.4 0.200 0.100 0.185 0.165 0037 RGB 0.180 0.010 100419.9 0.115 10.65 1.39 234.4 2
0.500 0.300 0.345 0.335 9083 JETSON 0.345 0.005 379.5 0.000 — — 64.8 0.405 0.340 — — 8885 RPB 0.380 — — — — — 326.2 0
1.220 0.740 0.885 0.850 3565 KEURO 0.885 0.005 7.2 1.180 67.05 — 887.4 0.921 0.535 0.645 0.620 8567 SALCON 0.630 0.005 4458.7 0.674 48.09 4.76 426.9 0
1.428 1.050 1.340 1.300 5171 KIMLUN 1.320 0.030 115.7 1.845 8.31 2.88 396.7 0.780 0.572 0.690 0.690 5147 SAMCHEM 0.690 0.005 3 0.000 12.39 4.71 93.8 0
1.500 1.060 — — 9628 LEBTECH 1.440 — — — 58.30 — 196.5 0.660 0.393 0.615 0.550 7185 SAMUDRA 0.590 0.030 973.3 0.350 9.95 7.63 108.3 2
1.440 0.860 — — 5129 MELATI 0.920 — — — 13.90 2.99 110.4 0.225 0.090 — — 9113 SANBUMI 0.115 — — — — — 21.8 1
0.485 0.305 0.370 0.360 5006 MERGE 0.370 UNCH 12 0.340 6.45 — 24.8 2.311 1.183 2.080 2.020 0099 SCICOM 2.050 -0.010 735.7 0.654 21.76 3.54 728.7 1
1.336 0.549 1.220 1.200 9571 MITRA 1.220 0.020 1261 0.478 7.91 2.73 783.4 0.355 0.135 0.190 0.185 7158 SCOMI 0.190 UNCH 1161.7 0.368 6.33 — 298.0 2
0.400 0.190 0.250 0.245 5924 MTDACPI 0.250 0.010 120 0.523 — — 57.9 0.765 0.230 0.290 0.275 7045 SCOMIES 0.290 0.015 1286.6 0.721 10.39 — 679.1 1
2.100 0.840 1.250 1.240 5085 MUDAJYA 1.240 -0.010 248.5 2.783 — 7.26 685.0 1.240 0.640 1.110 1.110 7053 SEEHUP 1.110 UNCH 1 1.000 217.65 — 57.9 1
2.896 1.478 2.230 2.180 5703 MUHIBAH 2.200 0.010 617.1 2.322 11.55 1.82 1,034.8 1.470 1.236 1.400 1.370 9792 SEG 1.380 -0.020 228.4 1.536 28.93 9.42 1,032.4 2
1.009 0.450 0.490 0.475 8311 PESONA 0.480 UNCH 14812.7 0.460 19.75 2.08 306.2 1.810 1.155 1.420 1.400 5250 SEM 1.420 UNCH 2001.5 0.000 29.10 1.76 1,751.4 0
1.695 1.220 — — 7055 PLB 1.460 — — — 16.92 6.85 133.3 9.599 6.700 8.560 8.360 4197 SIME 8.360 -0.120 5679.7 9.647 22.23 4.31 51,925.3 MINI
2.043 1.219 1.710 1.670 5070 PRTASCO 1.690 -0.020 754 1.391 — 5.33 569.9 0.933 0.720 0.770 0.770 9431 SJC 0.770 UNCH 10 0.000 49.04 1.30 31.2 1
0.235 0.115 0.150 0.145 7145 PSIPTEK 0.150 0.005 162.2 0.299 15.79 — 47.5 3.442 1.360 2.120 2.090 5218 SKPETRO 2.110 -0.010 7610.2 4.291 14.99 0.96 12,643.4 PLAN
4.608 3.000 3.590 3.570 9598 PTARAS 3.580 UNCH 11 6.189 11.08 5.03 582.7 1.910 0.907 1.910 1.880 5242 SOLID 1.900 0.010 1199 0.725 32.76 1.58 313.5 1
1.050 0.477 0.790 0.780 5205 SENDAI 0.780 -0.010 669.5 1.195 11.47 1.60 603.7 2.527 2.039 2.410 2.380 6084 STAR 2.400 UNCH 1076 2.459 15.32 6.25 1,772.6 18
1.350 0.980 1.310 1.290 5263 SUNCON 1.300 -0.010 1297.8 0.000 12.49 — 1,680.8 3.500 2.250 — — 9865 SUIWAH 2.700 — — — 14.67 2.22 164.7 8
0.530 0.300 0.400 0.395 9717 SYCAL 0.395 -0.005 330.9 0.298 3.42 — 126.5 0.355 0.100 0.155 0.150 1201 SUMATEC 0.155 UNCH 7328 0.304 8.03 — 541.7 1
0.495 0.265 0.375 0.375 5054 TRC 0.375 -0.005 25 0.554 23.15 0.48 180.2 2.603 1.900 2.410 2.280 6521 SURIA 2.370 0.070 38.9 2.666 5.37 2.95 671.5 0
1.740 0.845 1.540 1.510 5622 TRIPLC 1.540 -0.010 44.5 1.250 13.95 — 100.3 0.215 0.110 0.215 0.190 0016 SYMPHNY 0.205 0.010 44902.9 0.118 136.67 — 135.3 9
0.985 0.490 — — 5042 TSRCAP 0.750 — — — 14.71 1.33 87.2 0.555 0.330 0.365 0.360 5173 SYSCORP 0.365 UNCH 149.2 0.435 86.90 — 438.0 0
2.031 1.083 1.380 1.360 9679 WCT 1.370 UNCH 1552.6 2.270 14.14 1.43 1,644.7 4.060 1.733 3.760 3.680 8524 TALIWRK 3.680 -0.060 187.8 0.982 5.19 3.40 1,780.4 8
1.060 0.555 0.690 0.670 7028 ZECON 0.670 -0.015 127 0.770 — — 79.8 2.219 1.187 1.900 1.900 5140 TASCO 1.900 UNCH 2.7 2.066 12.39 2.37 380.0 3
0.395 0.225 0.280 0.270 2283 ZELAN 0.275 -0.005 4708 0.300 4.51 — 232.3 16.839 10.260 12.700 12.440 5347 TENAGA 12.660 UNCH 11271.9 1.000 10.75 2.29 71,448.1 11
TRADING SERVICES 1.729 0.714 1.500 1.500 8702 TEXCHEM 1.500 0.050 9 0.865 33.63 10.00 186.1 1
0.666 0.150 0.205 0.200 5238 AAX 0.205 UNCH 7081.4 1.040 — — 850.4 0.575 0.290 — — 7228 TGOFFS 0.400 — — — — — 152.6 1
0.781 0.315 0.455 0.440 5166 AEGB 0.450 UNCH 154 0.344 — 11.11 184.5 0.645 0.130 0.205 0.200 7206 THHEAVY 0.205 -0.005 1847.1 0.900 — — 229.8 1
3.713 2.600 2.840 2.780 6599 AEON 2.830 0.040 140 15.101 21.59 1.77 3,973.3 7.526 5.908 6.710 6.650 4863 TM 6.660 -0.040 7440.5 1.000 32.99 3.41 25,027.8 2
0.250 0.120 0.190 0.185 7315 AHB 0.190 0.005 374.1 0.000 14.84 — 30.4 0.750 0.435 0.555 0.555 0101 TMCLIFE 0.555 -0.005 142.5 0.384 47.44 0.25 961.7 3
2.900 0.765 1.490 1.460 5099 AIRASIA 1.480 UNCH 17291.9 2.412 — 2.03 4,118.8 1.460 0.878 1.460 1.400 8397 TNLOGIS 1.410 0.010 6972.9 1.000 8.08 2.84 593.2 0
7.248 4.220 5.380 5.240 5014 AIRPORT 5.300 -0.050 463 8.659 11.69 1.43 8,793.7 0.560 0.370 — — 7218 TOCEAN 0.370 — — — 43.02 — 15.2 1
1.120 0.365 0.490 0.470 5115 ALAM 0.490 0.010 1115.3 1.512 9.65 — 453.0 3.056 2.563 — — 5711 TSTORE 2.760 — — — 10.38 1.36 189.1 4
0.080 0.020 0.025 0.020 0159 AMEDIA 0.025 0.005 836.4 0.089 — — 29.9 1.321 0.866 1.100 1.060 5167 TURBO 1.100 -0.020 8.7 0.785 8.79 4.55 118.8 23
11.183 9.590 9.880 9.880 6351 AMWAY 9.880 0.020 1 12.480 17.04 4.05 1,624.1 2.943 2.300 — — 7137 UMS 2.600 — — — 12.22 2.31 105.8 3
1.869 1.540 — — 7083 ANALABS 1.730 — — — 14.30 1.73 103.8 3.335 0.860 1.210 1.190 5243 UMWOG 1.210 UNCH 2050.8 3.400 14.96 0.83 2,616.0 2
0.270 0.090 0.270 0.250 5194 APFT 0.265 0.010 39178.4 0.311 — — 115.1 1.621 1.200 1.290 1.250 7091 UNIMECH 1.270 -0.010 9.9 1.755 11.94 3.54 163.3 0
1.544 0.765 0.980 0.940 5210 ARMADA 0.970 0.025 10789.6 3.968 — 1.68 5,690.3 0.750 0.500 — — 5754 UTUSAN 0.550 — — — — — 60.9 3
0.200 0.105 0.120 0.120 1481 ASB 0.120 UNCH 365 0.140 — 2.08 79.7 3.420 1.280 2.200 2.170 7250 UZMA 2.200 UNCH 113 4.650 11.91 1.72 640.1 2
3.341 2.702 2.900 2.860 6399 ASTRO 2.860 -0.030 2544 2.917 26.75 4.20 14,886.3 0.530 0.360 — — 7240 VOIR 0.500 — — — — — 60.0 1
4.810 4.372 4.530 4.530 7048 ATLAN 4.530 0.030 1 4.675 26.80 6.07 1,149.0 3.107 2.252 — — 5016 WARISAN 2.650 — — — — 2.64 178.1 1
0.495 0.270 0.380 0.375 7579 AWC 0.380 UNCH 1182.3 0.277 11.01 — 98.5 0.550 0.450 — — 7692 WIDETEC 0.520 — — — 13.44 — 23.3 2
7.036 5.514 6.200 6.100 6888 AXIATA 6.170 0.010 4890.7 6.719 21.88 3.57 54,391.9 4.610 2.790 4.310 4.260 5246 WPRTS 4.300 -0.010 3719.2 2.533 28.05 2.67 14,663.0 5
0.288 0.210 0.260 0.240 5021 AYS 0.260 -0.005 2.3 0.310 11.21 3.85 98.9 1.460 0.755 1.240 1.220 5267 XINHWA 1.220 -0.010 209.5 0.000 12.20 — 219.6 0
1.400 0.705 0.970 0.950 7251 BARAKAH 0.970 0.005 246 1.392 8.65 2.06 798.7 0.130 0.025 0.035 0.035 7122 YFG 0.035 UNCH 345.6 0.130 20.59 — 21.3 1
0.724 0.335 0.365 0.335 7241 BHS 0.355 0.015 7078.9 1.312 — — 148.8 3.236 2.310 2.960 2.910 7293 YINSON 2.940 UNCH 75.3 5.861 10.50 0.51 3,212.8 0
0.450 0.193 0.305 0.285 6998 BINTAI 0.300 0.010 3080.3 0.320 9.71 — 64.4 1.052 0.434 0.635 0.625 7066 YONGTAI 0.630 0.010 2091.2 0.000 47.37 — 101.0 4
7.150 6.364 7.150 7.000 5032 BIPORT 7.150 0.150 37.7 0.000 25.67 3.08 3,289.0 1.677 1.349 1.530 1.500 4677 YTL 1.510 UNCH 7432.2 1.611 14.66 6.29 16,298.9 3
2.882 1.790 2.110 2.080 5248 BJAUTO 2.100 UNCH 818.5 1.535 11.44 4.62 2,394.3 FINANCE 0
0.513 0.345 0.415 0.410 3395 BJCORP 0.415 UNCH 4199.1 0.525 2.32 2.41 1,808.5 15.389 9.857 12.900 12.780 5139 AEONCR 12.800 -0.020 670.7 15.436 63.68 4.64 1,843.2 6
3.204 1.951 2.500 2.370 5196 BJFOOD 2.500 0.130 287 1.679 4.34 1.70 937.7 3.124 2.100 2.400 2.360 5185 AFFIN 2.390 0.020 156.8 4.253 8.92 6.28 4,643.6 2
0.840 0.610 — — 4219 BJLAND 0.695 — — — — — 3,475.2 4.833 3.310 3.590 3.530 2488 AFG 3.580 0.030 1480.2 4.969 10.44 4.30 5,542.2 0
0.550 0.330 — — 6025 BJMEDIA 0.415 — — — — — 97.6 13.200 10.100 10.680 10.680 1163 ALLIANZ 10.680 UNCH 1.6 10.400 6.04 0.47 1,808.2 1
3.456 2.906 3.260 3.200 1562 BJTOTO 3.200 -0.010 657.7 3.924 12.19 5.75 4,323.3 13.400 9.900 — — 1163PA ALLIANZ-PA 10.500 — — — — 0.57 966.5 1
0.248 0.119 0.210 0.200 7036 BORNOIL 0.210 0.005 19898.4 0.489 25.00 — 565.8 6.513 4.170 4.800 4.710 1015 AMBANK 4.780 0.020 2834.1 7.396 8.34 5.71 14,407.8 2
1.610 0.555 1.060 1.030 9474 BRAHIMS 1.030 -0.020 1083.3 1.493 — — 243.4 1.970 1.225 1.600 1.560 5088 APEX 1.560 -0.020 223.5 1.180 16.79 7.69 333.2 6
4.858 3.722 4.050 4.000 2771 BSTEAD 4.040 -0.020 94.2 5.333 13.05 5.20 4,178.1 4.290 3.700 4.110 4.090 5258 BIMB 4.100 UNCH 184.8 1.000 11.40 5.66 6,323.1 28
1.207 0.740 0.770 0.765 5257 CARIMIN 0.765 -0.005 8 0.000 — — 178.9 8.811 7.480 8.500 8.370 1818 BURSA 8.480 0.130 634.2 8.033 22.52 4.07 4,533.5 HOTE
2.100 0.990 2.040 1.910 5245 CARING 1.920 -0.120 208.9 1.759 32.49 1.04 418.0 6.448 4.453 4.700 4.600 1023 CIMB 4.610 -0.080 15218.9 7.536 16.71 1.74 39,310.7 0
3.640 1.850 3.500 3.260 2925 CCB 3.290 -0.100 774.7 2.454 9.45 — 331.4 1.560 0.895 1.390 1.370 2143 ECM 1.380 -0.010 88.3 1.068 9.43 — 395.5 1
1.112 0.505 0.850 0.825 7117 CENTURY 0.835 -0.010 2110.6 2.050 7.32 4.79 311.9 1.409 1.182 1.270 1.250 5228 ELKDESA 1.270 0.010 268 1.512 8.67 5.69 234.7 0
0.575 0.340 0.420 0.415 7209 CHEETAH 0.420 0.005 232 0.516 19.27 1.79 53.6 14.545 12.072 14.000 13.680 5819 HLBANK 13.980 0.260 613.1 1.000 11.06 2.93 26,281.1 7
0.677 0.420 0.520 0.510 7016 CHUAN 0.520 -0.015 20 0.458 45.61 1.10 86.9 13.744 7.327 — — 5274 HLCAP 10.100 — — — 31.81 0.84 2,493.7 TECH
0.105 0.060 0.095 0.090 5104 CNI 0.095 0.005 717.5 0.105 — 3.16 68.4 18.015 12.500 14.440 14.160 1082 HLFG 14.160 -0.120 153.6 15.806 9.18 2.68 14,907.2 1
1.040 0.650 0.740 0.735 5136 COMPLET 0.735 -0.010 51 0.690 81.67 4.08 89.6 2.150 1.770 2.110 2.100 6688 HWANG 2.110 0.010 29.7 4.315 10.83 1.18 538.4 0
0.065 0.040 0.045 0.045 5037 COMPUGT 0.045 -0.005 368 0.050 — — 96.0 1.216 0.580 0.800 0.790 3379 INSAS 0.800 0.005 558.6 0.963 5.76 1.25 554.7 0
2.543 1.390 1.760 1.720 5184 CYPARK 1.760 0.050 47.2 2.457 8.35 2.84 437.7 0.900 0.782 0.900 0.895 3379PA INSAS-PA 0.900 0.005 13 0.000 — 4.44 119.3 0
0.245 0.085 0.105 0.100 0091 DAYA 0.105 0.005 2599 0.381 — — 173.4 0.235 0.125 0.145 0.140 3441 JOHAN 0.145 UNCH 262.6 0.160 — — 90.3 0
2.970 1.450 1.710 1.690 5141 DAYANG 1.700 0.010 420 5.370 9.09 4.12 1,491.1 2.650 1.513 2.610 2.590 5096 KAF 2.590 -0.010 113.4 1.851 95.22 3.86 310.8 0
1.954 0.953 1.330 1.300 5132 DELEUM 1.300 -0.030 59.9 4.279 8.98 5.38 520.0 0.764 0.532 0.600 0.590 6483 KENANGA 0.590 -0.005 437.7 0.620 14.79 1.69 431.7 0
0.685 0.480 0.590 0.580 7212 DESTINI 0.590 0.005 81.4 0.371 27.96 — 476.8 15.088 14.300 14.900 14.800 8621 LPI 14.900 0.100 3.3 16.538 14.73 3.80 4,946.6 1
1.700 1.183 1.620 1.600 7277 DIALOG 1.600 -0.010 3768.7 2.979 28.88 1.38 8,188.7 0.785 0.566 0.780 0.765 1198 MAA 0.780 UNCH 10.3 0.663 — 7.69 237.4 0
6.467 3.530 4.600 4.400 5908 DKSH 4.400 -0.250 33.2 6.572 12.80 2.16 693.7 3.350 2.650 — — 1058 MANULFE 2.850 — — — 16.77 3.51 576.8 1
1.724 0.986 1.530 1.480 5216 DSONIC 1.490 0.010 3183.3 9.405 45.57 1.01 2,011.5 9.199 7.744 8.390 8.260 1155 MAYBANK 8.260 -0.050 17877.8 9.750 11.21 6.90 78,794.6 1
0.450 0.275 — — 2097 EASTLND 0.315 — — — 2.09 — 77.4 2.483 1.260 1.630 1.610 1171 MBSB 1.620 0.010 442.4 2.620 5.45 5.78 4,598.5 0
1.500 0.441 1.300 1.240 5259 EATECH 1.280 -0.020 1989.5 0.000 20.98 0.78 645.1 4.440 2.990 3.470 3.430 6459 MNRB 3.430 -0.040 43.4 3.648 5.41 — 730.8 0
0.450 0.245 0.320 0.285 5036 EDARAN 0.320 0.030 0.6 0.000 100.00 — 19.2 2.480 1.290 1.600 1.580 5237 MPHBCAP 1.580 -0.020 151 1.767 17.42 — 1,129.7 6
0.325 0.195 0.205 0.205 7471 EDEN 0.205 UNCH 53 0.336 — — 63.8 1.485 1.173 1.360 1.350 6009 P&O 1.360 UNCH 180.2 1.467 18.84 6.54 334.5 0
3.817 1.949 3.350 3.290 1368 EDGENTA 3.330 -0.020 791.5 2.565 14.87 1.50 2,709.0 19.645 16.880 18.140 18.060 1295 PBBANK 18.080 UNCH 6679.3 1.000 14.48 3.04 70,189.1 3
0.425 0.190 0.245 0.240 0064 EFFICEN 0.240 -0.005 1537 0.146 24.24 — 170.2 0.290 0.198 0.280 0.275 9296 RCECAP 0.275 UNCH 1597 0.265 11.55 5.45 370.4 0
1.116 0.861 — — 5081 EIG 0.900 — — — 10.63 3.89 167.0 8.833 5.850 6.160 6.100 1066 RHBCAP 6.100 -0.010 672.2 7.601 7.73 0.98 15,789.7 0
1.403 1.062 1.180 1.130 5208 EITA 1.130 0.020 5.1 0.958 10.71 3.54 146.9 0.865 0.550 0.625 0.615 4898 TA 0.625 UNCH 855.1 0.782 13.33 2.88 1,069.9 5
* Volume Weighted Average Price # PE is calculated based on latest 12 months reported Earnings Per Share * Volu
 M O N DAY N OV E MB E R 2, 2015 • T HEED G E FINA NCIA L DA ILY
Markets 3 5
BURSA MAL AYSIA MAIN MARKET . ACE MARKET

AP 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
IL) HIGH LOW HIGH LOW (RM) (RM) (‘000) (RM) (X) (%) (MIL) HIGH LOW HIGH LOW (RM) (RM) (‘000) (RM) (X) (%) (MIL)
0.7 4.230 2.010 3.820 3.770 6139 TAKAFUL 3.810 0.010 181.1 1.000 20.95 3.94 3,108.3 0.250 0.045 0.215 0.195 0143 KEYASIC 0.200 UNCH 19438.8 0.000 — — 163.7
9.7 2.130 1.210 1.410 1.400 5230 TUNEPRO 1.410 UNCH 478.6 1.895 14.86 2.87 1,060.0 7.250 4.022 7.030 6.850 3867 MPI 6.950 -0.040 545.7 3.211 12.17 2.88 1,458.7
3.3 PROPERTIES 1.880 0.990 — — 5011 MSNIAGA 1.010 — — — — — 61.0
4.9 1.011 0.655 0.920 0.910 1007 AMPROP 0.910 -0.010 26.6 0.829 7.18 3.30 543.7 0.520 0.340 0.400 0.395 0083 NOTION 0.395 -0.005 326.7 0.678 — — 106.8
6.0 1.157 0.785 0.865 0.860 5959 A&M 0.865 UNCH 116 0.932 10.27 1.73 315.8 0.765 0.446 0.585 0.550 9008 OMESTI 0.570 0.025 678.8 0.784 — — 221.3
2.3 0.507 0.354 0.445 0.440 1007PA AMPROP-PA 0.445 0.010 3.7 0.000 — 4.49 132.1 0.415 0.280 0.300 0.300 0041 PANPAGE 0.300 UNCH 53 0.350 — — 72.4
9.1 0.300 0.155 0.215 0.205 4057 ASIAPAC 0.210 UNCH 491.7 0.147 0.57 1.43 208.4 0.915 0.340 0.770 0.755 7160 PENTA 0.765 0.005 1129.8 0.213 11.32 — 101.9
3.1 1.360 0.864 1.040 1.040 6602 BCB 1.040 -0.020 2 0.000 6.42 — 214.5 0.480 0.200 0.285 0.280 9075 THETA 0.280 -0.005 18.8 0.000 — — 30.0
1.5 0.910 0.510 0.575 0.550 9814 BERTAM 0.555 -0.025 20 0.596 7.76 — 114.7 0.135 0.045 0.075 0.065 0118 TRIVE 0.070 UNCH 30757.3 0.070 — — 69.9
3.6 0.926 0.726 — — 3239 BJASSET 0.800 — — — 12.31 2.50 890.4 2.598 1.500 2.400 2.330 5005 UNISEM 2.380 0.080 8324.9 0.871 15.62 3.36 1,746.5
4.5 1.480 0.900 1.020 0.970 5738 CHHB 1.020 UNCH 129.9 1.020 — — 281.2 3.805 2.009 3.010 3.010 0097 VITROX 3.010 UNCH 5 1.148 15.78 0.83 702.6
2.7 2.759 1.832 1.980 1.940 6718 CRESNDO 1.940 -0.060 183.7 3.069 6.91 3.61 443.3 0.960 0.606 0.730 0.725 0008 WILLOW 0.725 -0.005 232.6 0.672 10.40 2.76 179.8
8.6 2.850 1.460 1.600 1.600 5049 CVIEW 1.600 -0.060 2.8 2.594 6.47 12.50 160.0 INFRASTRUCTURE PROJECT COMPANIES
1.2 3.210 1.980 2.350 2.350 5355 DAIMAN 2.350 -0.010 16 3.289 19.04 2.13 498.7 6.419 4.860 5.290 5.230 6947 DIGI 5.260 0.030 11595.7 4.873 21.53 4.62 40,896.5
5.2 1.460 0.430 0.590 0.585 3484 DBHD 0.590 UNCH 37.5 0.380 — — 182.5 5.330 3.206 5.150 5.140 6645 LITRAK 5.150 UNCH 112.7 4.200 18.16 4.85 2,687.7
2.8 2.511 1.413 1.610 1.570 3417 E&O 1.590 -0.010 2740.1 1.920 12.74 1.68 2,003.1 3.740 2.290 2.860 2.800 6807 PUNCAK 2.840 0.040 638 3.375 — — 1,187.2
1.3 0.375 0.210 0.285 0.275 3557 ECOFIRS 0.280 UNCH 5786.8 0.198 32.94 — 204.4 0.870 0.350 0.515 0.495 5078 SILKHLD 0.510 0.015 407.7 0.385 — — 357.8
6.9 2.100 1.170 1.390 1.370 8206 ECOWLD 1.370 -0.020 767.9 2.716 65.87 — 3,239.0 7.070 4.157 6.990 6.970 5031 TIMECOM 6.990 -0.010 227 3.903 8.49 0.80 4,023.4
5.7 1.520 0.720 0.800 0.770 6076 ENCORP 0.770 -0.030 3.1 1.045 — — 214.6 1.600 1.351 1.530 1.510 6742 YTLPOWR 1.510 -0.010 3514.8 1.947 11.65 6.62 12,233.4
8.8 2.950 1.300 — — 8613 ENRA 2.180 — — — 26.20 — 296.9 CLOSED-END FUNDS
2.0 1.000 0.655 0.860 0.845 6815 EUPE 0.850 UNCH 561 0.725 9.87 1.76 108.8 2.450 2.100 2.290 2.290 5108 ICAP 2.290 UNCH 21 2.360 — — 320.6
8.8 0.626 0.410 0.500 0.500 6041 FARLIM 0.500 -0.010 38 0.510 47.17 10.00 70.2 EXCHANGE TRADED FUNDS
6.9 1.123 0.730 0.915 0.895 5020 GLOMAC 0.910 UNCH 98.2 1.083 7.53 4.67 662.3 1.084 1.030 — — 0800EA ABFMY1 1.052 — — — — 5.40 839.4
3.2 0.515 0.340 0.415 0.385 9962 GMUTUAL 0.410 0.025 733.1 0.462 5.34 4.88 154.0 1.890 1.630 — — 0822EA CIMBA40 1.770 — — — — 3.54 2.4
6.4 0.842 0.425 0.595 0.590 1147 GOB 0.590 UNCH 753 0.758 2.34 — 268.3 1.575 1.045 — — 0823EA CIMBC50 1.390 — — — — — 19.0
8.6 1.150 0.860 — — 2968 GPLUS 1.050 — — — 7.89 — 154.2 1.910 1.580 1.730 1.730 0820EA FBMKLCI-EA 1.730 -0.030 2.8 0.000 — 1.65 2.9
7.2 1.640 1.020 1.380 1.360 1503 GUOCO 1.360 -0.010 105.2 1.070 4.82 1.47 952.6 1.015 0.925 1.000 1.000 0825EA METFSID 1.000 -0.005 6 0.000 — — 22.0
9.1 0.750 0.440 0.530 0.510 7010 HOOVER 0.530 UNCH 7.5 0.355 20.70 — 21.2 1.195 0.990 — — 0821EA MYETFDJ 1.125 — — — — 2.93 283.4
2.7 2.244 1.589 1.860 1.840 5062 HUAYANG 1.860 0.010 180.3 2.133 4.12 6.99 491.0 1.065 0.940 1.015 1.015 0824EA MYETFID 1.015 -0.005 5 0.000 — 2.22 21.9
4.8 2.810 1.770 2.790 2.780 5018 HUNZPTY 2.790 UNCH 121.5 2.302 25.81 — 696.3 REITS
1.5 0.773 0.461 0.540 0.540 4251 IBHD 0.540 UNCH 283 2.532 6.92 2.80 534.5 1.168 0.910 1.000 0.995 4952 AHP 0.995 -0.005 18 1.000 38.57 7.24 99.5
0.9 2.810 1.160 2.740 2.700 5084 IBRACO 2.720 -0.020 21.7 2.016 9.65 4.63 482.2 1.387 1.200 1.320 1.290 5116 ALAQAR 1.300 -0.020 210.2 1.330 12.52 5.92 905.1
8.7 2.884 2.329 2.460 2.440 1597 IGB 2.450 -0.010 73.7 2.710 15.51 2.04 3,343.8 1.130 0.950 1.000 0.990 5269 ALSREIT 1.000 0.010 459.1 0.000 — — 580.0
6.5 2.624 1.735 2.080 2.010 5249 IOIPG 2.020 -0.010 2793.4 0.000 8.04 2.97 7,633.3 0.938 0.730 0.810 0.805 5120 AMFIRST 0.805 UNCH 11.6 1.019 15.94 6.87 552.6
0.6 0.545 0.315 0.380 0.370 5175 IVORY 0.370 -0.015 356 0.609 9.37 — 164.8 0.893 0.723 0.880 0.875 5127 ARREIT 0.875 UNCH 57.7 1.030 4.58 7.42 501.6
3.6 1.600 0.745 0.790 0.785 1589 IWCITY 0.790 -0.010 242.4 1.257 — — 529.1 1.167 1.010 1.110 1.110 5130 ATRIUM 1.110 0.020 9 0.000 8.35 7.88 135.2
3.7 0.345 0.205 0.230 0.225 6769 JKGLAND 0.225 -0.005 438 0.262 8.65 0.89 170.6 1.779 1.537 — — 5106 AXREIT 1.650 — — — 16.50 5.14 1,807.6
8.6 0.085 0.040 0.060 0.055 3115 KBUNAI 0.055 UNCH 850 0.076 — — 317.7 1.545 1.240 1.380 1.360 5180 CMMT 1.380 0.020 64.5 1.427 10.60 6.51 2,794.2
8.3 1.237 0.808 1.070 1.070 7323 KEN 1.070 0.010 5.4 1.480 6.64 2.80 205.1 1.540 1.337 — — 5121 HEKTAR 1.540 — — — 12.00 6.82 617.0
7.5 2.273 1.314 1.590 1.550 5038 KSL 1.570 -0.020 205.1 2.051 3.77 4.46 1,560.9 1.360 1.141 1.360 1.320 5227 IGBREIT 1.350 0.030 5296 1.216 18.12 6.20 4,678.5
0.0 0.582 0.324 0.430 0.410 3174 L&G 0.420 -0.010 1581.9 0.373 2.58 4.76 458.6 7.305 6.090 7.050 7.000 5235SS KLCC 7.020 -0.020 690.3 5.970 13.18 4.79 12,673.4
8.1 1.500 1.100 1.490 1.490 8494 LBICAP 1.490 UNCH 22.7 1.240 6.72 3.36 109.7 1.227 0.995 1.150 1.140 5123 MQREIT 1.150 UNCH 557 1.180 10.74 7.29 760.6
9.4 1.582 1.230 1.430 1.400 5789 LBS 1.430 UNCH 162.4 1.661 10.10 2.27 788.3 1.580 1.255 1.520 1.510 5212 PAVREIT 1.510 UNCH 162.3 1.300 8.78 5.44 4,556.9
0.0 0.390 0.250 0.270 0.265 3573 LIENHOE 0.265 -0.010 135.7 0.325 — — 95.9 1.694 1.378 1.530 1.500 5176 SUNREIT 1.530 0.040 1431.5 1.264 8.27 5.60 4,498.3
4.0 1.163 0.742 0.900 0.900 7617 MAGNA 0.900 0.010 1.3 1.305 5.81 5.56 299.6 1.258 1.080 1.180 1.180 5111 TWRREIT 1.180 0.010 1.5 1.509 7.13 5.42 331.0
1.8 1.692 1.260 1.320 1.310 8583 MAHSING 1.320 0.010 717 2.198 8.62 4.92 3,180.4 1.634 1.253 1.540 1.540 5110 UOAREIT 1.540 0.010 16 0.000 13.21 7.18 651.2
0.2 1.053 0.630 0.780 0.775 6181 MALTON 0.780 0.010 323.2 0.882 7.91 3.85 349.8 1.070 0.883 1.070 1.060 5109 YTLREIT 1.060 UNCH 248.8 1.033 14.78 7.52 1,403.9
6.5 2.736 1.727 2.430 2.380 5236 MATRIX 2.420 0.020 446.3 3.220 5.72 6.14 1,331.8 SPAC
3.2 1.405 1.032 1.150 1.140 5182 MCT 1.150 UNCH 22 0.726 34.53 1.74 1,535.0 0.695 0.605 0.685 0.685 5234 CLIQ 0.685 Unch 360 0.675 — — 432.2
0.0 0.685 0.535 0.600 0.585 5040 MEDAINC 0.590 -0.005 92.2 0.794 — — 290.6 0.670 0.565 0.635 0.625 5256 REACH 0.635 0.005 991.7 0.000 — — 811.4
8.1 0.950 0.555 0.660 0.630 1694 MENANG 0.645 0.010 562.6 0.655 3.13 — 172.3 0.480 0.390 0.455 0.450 5241 SONA 0.450 Unch 1174.3 0.440 — — 634.8
0.5 0.440 0.275 — — 8141 MJPERAK 0.320 — — — 96.97 — 63.3
3.2
3.1
7.2
0.294 0.186 —
3.410 1.900 2.340
0.464 0.300 0.400
—
2.320
0.390
8141PA
6114
8893
MJPERAK-PA
MKH
MKLAND
0.215
2.330
0.395
—
-0.030
UNCH
—
57.2
508
—
2.646
0.366
—
11.16
8.96
2.33
3.43
7.59
19.6
977.2
476.9
Ace Market
8.6 0.415 0.145 — — 6548 MPCORP 0.180 — — — — — 51.8 YEAR YEAR DAY DAY CODE COUNTER CLOSING +/– VOL VWAP* PE# DY MKT CAP
8.2 1.551 0.795 1.270 1.230 1651 MRCB 1.270 0.010 5392.7 1.373 7.38 1.97 2,269.0 HIGH LOW HIGH LOW (RM) (RM) (‘000) (RM) (X) (%) (MIL)
7.5 1.970 0.915 1.080 1.050 9539 MUH 1.050 -0.050 24 0.000 4.41 — 59.2
2.7 0.495 0.265 0.385 0.360 3913 MUIPROP 0.385 0.005 2685.1 0.172 — — 294.2 INDUSTRIAL PRODUCTS
6.5 3.401 1.950 2.280 2.230 5073 NAIM 2.230 -0.050 412.2 3.622 4.34 1.57 557.5 0.784 0.208 0.720 0.690 0105 ASIAPLY 0.715 -0.005 164.5 0.000 76.06 1.05 62.9
8.7 3.740 2.109 — — 5827 OIB 3.600 — — — 16.31 3.33 326.0 0.150 0.070 0.085 0.085 0072 AT 0.085 0.005 5084.3 0.128 — — 36.8
9.9 2.114 1.552 1.680 1.650 5053 OSK 1.680 0.030 494.4 1.608 7.86 4.46 2,356.9 0.600 0.252 0.545 0.530 0163 CAREPLS 0.540 0.010 2563.9 0.315 41.86 0.31 196.7
0.7 2.144 1.706 — — 6661 OSKPROP 1.950 — — — 3.82 5.13 645.2 0.320 0.135 0.205 0.195 0102 CONNECT 0.200 0.010 4432.7 0.149 — — 43.3
7.5 2.051 1.280 1.650 1.650 1724 PARAMON 1.650 UNCH 15 1.536 11.11 4.55 696.7 0.550 0.145 0.510 0.450 0100 ESCERAM 0.490 0.040 22178.2 0.000 15.65 — 100.7
1.8 0.610 0.290 0.345 0.340 6912 PASDEC 0.340 -0.005 21 0.444 — — 70.0 0.070 0.040 0.050 0.045 0109 FLONIC 0.050 Unch 9358 0.082 — — 40.0
8.8 1.584 1.290 — — 1945 PJDEV 1.480 — — — 7.66 4.39 782.1 0.555 0.243 0.555 0.535 0175 HHGROUP 0.555 0.010 4337.2 0.000 13.60 0.59 171.3
1.5 2.820 1.720 2.080 2.060 5075 PLENITU 2.080 0.010 23 2.699 3.84 2.16 793.6 0.170 0.070 0.090 0.085 0160 HHHCORP 0.090 Unch 258.3 0.140 — — 30.0
0.5 0.320 0.195 0.245 0.240 2208 PTGTIN 0.245 0.005 51.5 0.300 — — 84.8 0.515 0.110 0.210 0.190 0162 IJACOBS 0.205 0.020 2146.9 0.214 — — 27.8
1.0 1.430 0.715 1.430 1.390 4596 SAPRES 1.400 -0.010 449.3 0.927 9.33 1.79 195.4 0.235 0.085 0.115 0.110 0024 JAG 0.110 -0.005 414 0.305 26.83 4.55 125.8
9.5 1.406 0.625 0.910 0.890 5207 SBCCORP 0.900 0.015 554.2 1.217 9.05 1.78 211.3 0.275 0.120 0.150 0.145 0025 LNGRES 0.150 0.010 40.3 0.196 — — 36.3
9.0 1.112 0.855 0.975 0.975 2224 SDRED 0.975 0.040 10 0.882 5.34 3.08 415.5 0.180 0.070 0.105 0.100 0070 MQTECH 0.100 0.005 9072.5 0.146 — — 27.9
4.9 1.080 0.450 0.510 0.495 4286 SEAL 0.510 0.010 98.7 0.519 — — 112.9 0.435 0.235 0.395 0.380 0049 OCNCASH 0.385 -0.015 1801.3 0.180 14.31 1.56 85.9
7.8 3.413 2.609 3.130 3.120 6017 SHL 3.120 -0.010 12.3 2.150 7.20 8.01 755.4 0.180 0.105 0.125 0.120 0038 PTB 0.125 Unch 305.6 0.122 65.79 — 18.8
5.3 0.205 0.140 0.180 0.170 4375 SMI 0.180 0.010 50.1 0.174 — — 37.8 0.115 0.055 0.070 0.065 0133 SANICHI 0.070 Unch 1040.4 0.080 15.56 — 80.1
3.3 1.444 0.850 0.900 0.890 5213 SNTORIA 0.890 -0.035 370 0.618 13.59 2.25 430.9 0.180 0.085 0.115 0.110 0001 SCOMNET 0.110 -0.005 490.1 0.000 17.74 — 26.7
2.7 5.871 4.500 5.350 5.270 1783 SPB 5.300 0.040 67 4.633 13.07 2.26 1,821.2 0.305 0.120 0.155 0.155 0028 SCOPE 0.155 Unch 93.2 0.222 — — 86.1
2.8 3.540 2.920 3.320 3.280 8664 SPSETIA 3.300 0.010 283 2.873 11.66 2.94 8,673.5 0.415 0.145 0.200 0.195 0055 SERSOL 0.200 0.005 136 0.470 — — 43.1
2.4 1.189 0.860 0.875 0.870 3743 SUNSURIA 0.870 0.005 28 0.830 26.36 — 639.9 0.250 0.155 — — 0084 TECFAST 0.185 — — — 38.54 — 31.7
8.2 3.469 2.718 3.110 3.090 5211 SUNWAY 3.100 -0.010 629.7 2.648 6.47 3.55 5,577.9 TECHNOLOGY
4.8 1.001 0.690 0.780 0.740 1538 SYMLIFE 0.755 -0.030 526.1 1.086 6.26 6.62 234.1 0.600 0.360 0.535 0.520 0181 AEMULUS 0.530 0.010 2980.7 0.000 — — 232.6
3.7 0.344 0.245 0.290 0.285 5158 TAGB 0.285 -0.005 726.8 0.299 14.62 3.51 1,516.7 0.290 0.130 0.165 0.165 0119 APPASIA 0.165 Unch 70 0.111 — — 46.4
2.6 8.648 5.391 6.820 6.810 2305 TAHPS 6.810 UNCH 4.5 5.530 13.53 4.70 509.7 1.600 0.300 0.680 0.600 0068 ASDION 0.615 -0.085 1017.8 0.460 — — 71.5
4.0 0.110 0.050 0.060 0.055 2259 TALAMT 0.055 -0.005 467.5 0.066 — — 232.1 0.015 0.005 — — 0039 ASIAEP 0.010 — — — — — 8.1
4.4 2.319 1.160 1.450 1.410 5191 TAMBUN 1.410 -0.040 400.7 1.411 5.97 6.88 597.9 1.060 0.800 0.960 0.950 0098 BAHVEST 0.960 Unch 328.4 1.193 — — 409.9
6.2 0.195 0.105 0.170 0.145 2429 TANCO 0.165 0.015 1100 0.160 — — 55.3 0.330 0.165 0.210 0.200 0079 CWORKS 0.200 Unch 45.5 0.185 — — 24.2
6.9 0.760 0.253 0.430 0.410 7889 THRIVEN 0.410 0.005 14.9 1.210 13.99 — 154.4 0.120 0.015 0.045 0.045 0022 CYBERT 0.045 Unch 60 0.070 4.74 — 4.5
3.8 0.145 0.075 0.090 0.085 7079 TIGER 0.090 0.005 25923 0.219 — — 72.9 0.150 0.055 0.070 0.065 0152 DGB 0.070 0.005 5888 0.216 — — 34.2
8.3 2.376 1.460 1.730 1.690 5239 TITIJYA 1.720 0.030 52 1.555 7.50 2.33 619.2 0.145 0.050 0.075 0.065 0131 DGSB 0.065 -0.005 1110.9 0.073 16.25 — 88.1
1.8 1.344 0.830 0.970 0.965 5401 TROP 0.965 -0.005 98.5 1.341 5.03 6.39 1,396.8 0.142 0.060 0.100 0.095 0154 EAH 0.100 0.005 3137.1 0.208 — — 149.1
8.7 1.829 0.755 1.260 1.220 5148 UEMS 1.250 0.030 10301.4 2.305 11.79 2.40 5,671.8 0.430 0.190 0.310 0.305 0107 EDUSPEC 0.310 Unch 353.3 0.126 41.33 — 262.2
8.0 2.190 1.680 2.110 2.070 5200 UOADEV 2.110 0.050 18.4 1.990 8.88 6.16 3,208.9 0.095 0.045 0.075 0.075 0116 FOCUS 0.075 -0.005 205 0.075 — — 52.9
9.1 1.888 1.140 1.280 1.260 2976 WINGTM 1.260 -0.010 38 2.342 6.09 3.71 613.4 0.260 0.115 0.220 0.200 0104 GENETEC 0.205 Unch 59679.2 0.130 8.47 — 72.1
7.9 1.764 0.698 — — 7003 Y&G 1.430 — — — 8.58 6.12 285.1 0.070 0.030 0.045 0.045 0045 GNB 0.045 Unch 54.5 0.060 3.85 — 13.0
2.4 2.076 1.552 1.910 1.870 3158 YNHPROP 1.870 -0.030 622.2 1.727 31.97 — 825.5 0.175 0.085 0.110 0.105 0074 GOCEAN 0.105 -0.005 1016 0.169 105.00 — 27.7
1.4 0.925 0.595 0.685 0.680 2577 YTLLAND 0.680 UNCH 61.2 0.952 27.64 — 574.2 0.155 0.069 0.125 0.115 0174 IDMENSN 0.115 -0.005 31649.3 0.123 — — 56.9
5.3 MINING 1.854 0.460 0.930 0.905 0023 IFCAMSC 0.905 -0.010 6506.7 0.085 13.67 1.10 506.5
1.2 1.440 1.120 1.310 1.240 2186 KUCHAI 1.240 UNCH 103.3 1.226 6.59 — 153.4 0.095 0.045 0.065 0.060 0034 INGENCO 0.065 0.005 5941.8 0.079 — — 62.0
3.4 PLANTATIONS 0.150 0.054 0.140 0.125 0094 INIX 0.135 0.005 51265.5 0.146 — — 56.3
3.5 1.150 1.000 1.140 1.090 7054 AASIA 1.090 UNCH 8 0.000 — 1.83 130.8 0.255 0.100 0.235 0.215 0069 INSTACO 0.220 -0.010 35486.6 0.262 — — 286.2
2.6 18.438 16.380 — — 1899 BKAWAN 17.540 — — — 15.56 3.42 7,646.6 0.365 0.165 0.255 0.245 0010 IRIS 0.250 Unch 6214.9 0.275 — — 510.1
4.7 8.500 7.423 8.500 8.500 5069 BLDPLNT 8.500 UNCH 1.8 0.000 32.83 0.47 794.8 0.705 0.447 — — 0146 JFTECH 0.660 — — — 27.27 1.52 83.2
1.7 1.510 1.096 1.500 1.470 5254 BPLANT 1.500 0.030 134.6 0.000 32.61 — 2,400.0 0.565 0.120 0.470 0.440 0127 JHM 0.455 0.015 1361.4 0.000 22.98 — 56.0
1.5 0.922 0.685 0.795 0.780 8982 CEPAT 0.795 UNCH 162.6 0.938 17.55 2.52 253.2 0.670 0.180 0.300 0.290 0111 K1 0.295 -0.005 6450.5 0.327 12.45 1.69 127.7
5.3 9.606 7.800 8.500 8.400 1929 CHINTEK 8.400 0.100 2 0.000 24.68 1.90 767.5 0.085 0.040 0.045 0.045 0036 KGROUP 0.045 Unch 150 0.066 — — 26.1
8.0 0.745 0.380 0.480 0.465 3948 DUTALND 0.465 UNCH 79.3 0.485 8.12 — 393.4 0.415 0.100 0.220 0.195 0176 KRONO 0.215 0.020 10546.4 0.000 22.16 — 51.0
0.4 8.300 7.000 7.520 7.500 5029 FAREAST 7.520 0.160 5.7 0.000 14.75 3.99 1,063.3 0.265 0.105 0.115 0.115 0017 M3TECH 0.115 Unch 11 0.185 — — 21.3
0.0 3.604 1.180 1.800 1.760 5222 FGV 1.780 0.010 12684.2 4.456 54.60 5.62 6,493.7 0.160 0.050 0.095 0.085 0075 MEXTER 0.085 -0.005 1288.7 0.100 — — 16.7
8.1 11.100 8.494 10.780 10.520 2291 GENP 10.700 UNCH 1506.2 10.947 27.44 0.61 8,328.0 0.660 0.360 — — 0155 MGRC 0.580 — — — 15.03 — 54.6
6.1 1.940 0.900 1.700 1.650 7382 GLBHD 1.660 -0.040 299.3 1.050 — 0.60 370.0 1.950 0.500 1.460 1.340 0126 MICROLN 1.430 0.100 791.9 0.000 34.13 2.10 217.6
2.6 1.270 0.701 1.220 1.150 2135 GOPENG 1.160 0.010 49.6 0.740 21.93 2.59 208.0 0.469 0.290 0.405 0.400 0112 MIKROMB 0.400 Unch 588.6 0.260 15.27 1.25 112.7
9.8 1.240 0.790 0.900 0.900 7501 HARNLEN 0.900 0.050 10 1.336 — 8.89 166.9 0.115 0.070 0.090 0.090 0085 MLAB 0.090 Unch 80.4 0.000 — — 16.8
7.8 2.573 1.922 2.400 2.350 5138 HSPLANT 2.400 0.020 18.5 2.617 19.75 3.33 1,920.0 0.877 0.407 0.695 0.685 0113 MMSV 0.695 0.005 197.8 0.203 9.71 2.88 113.3
1.7 3.754 2.990 3.510 3.460 2216 IJMPLNT 3.510 0.010 1 3.367 34.41 1.71 3,090.8 0.380 0.175 0.285 0.265 0103 MNC 0.285 -0.005 1399 0.335 36.54 — 26.9
3.2 0.827 0.605 0.680 0.680 2607 INCKEN 0.680 -0.010 5.1 0.880 — 1.60 286.1 0.365 0.175 0.290 0.285 0156 MPAY 0.290 0.005 3242.1 0.115 181.25 — 206.0
5.2 1.700 1.200 1.520 1.480 6262 INNO 1.480 UNCH 60 1.410 25.39 — 283.0 0.265 0.075 0.140 0.135 0092 MTOUCHE 0.140 0.005 85.6 0.187 — — 32.4
9.1 4.874 3.652 4.330 4.180 1961 IOICORP 4.260 UNCH 6812.4 5.619 160.15 2.11 27,519.3 0.906 0.606 0.760 0.730 0108 N2N 0.760 Unch 125 0.496 38.19 1.32 334.5
8.8 23.700 19.419 23.020 22.720 2445 KLK 22.780 -0.200 677.1 24.513 28.39 2.41 24,317.8 0.090 0.025 0.040 0.035 0020 NETX 0.040 Unch 4419 0.070 — — 25.0
5.8 3.650 2.631 — — 2453 KLUANG 3.300 — — — 43.14 0.30 208.5 0.135 0.055 0.080 0.075 0096 NEXGRAM 0.075 -0.005 2068.1 0.088 27.78 — 141.2
6.0 2.840 2.103 — — 5027 KMLOONG 2.800 — — — 13.20 4.64 873.0 0.250 0.095 0.130 0.125 0026 NOVAMSC 0.125 -0.005 6246.9 0.070 56.82 — 68.8
3.3 0.525 0.345 0.450 0.440 1996 KRETAM 0.445 UNCH 62 3.488 — — 834.4 0.420 0.120 0.350 0.310 0018 OMEDIA 0.310 -0.020 391.5 0.000 — — 66.2
0.9 3.330 2.410 3.330 3.280 2003 KULIM 3.330 0.040 986.3 3.678 65.55 2.85 4,474.3 1.307 0.488 0.845 0.830 0035 OPCOM 0.835 0.005 159.7 0.745 21.63 2.40 134.6
0.1 2.048 1.430 — — 6572 KWANTAS 1.550 — — — — 3.23 483.1 0.339 0.193 0.295 0.290 0040 OPENSYS 0.290 -0.010 1015.2 0.170 12.61 2.59 86.4
0.0 1.900 1.500 — — 4936 MALPAC 1.600 — — — — — 120.0 0.060 0.030 — — 0005 PALETTE 0.045 — — — — — 13.1
8.1 1.057 0.800 — — 5026 MHC 0.940 — — — 20.48 2.13 184.8 0.430 0.110 0.285 0.275 0123 PRIVA 0.275 -0.005 7907.1 0.100 23.91 0.91 153.5
3.3 2.879 2.560 — — 5047 NPC 2.750 — — — 32.74 0.36 330.0 0.183 0.075 0.120 0.110 0007 PUC 0.120 0.005 43195.8 0.221 15.79 — 127.9
3.0 5.424 4.000 4.250 4.200 2038 NSOP 4.250 0.070 17 0.000 — 1.65 298.4 0.530 0.288 0.505 0.475 0106 REXIT 0.505 0.030 1145.7 0.402 17.18 2.97 95.6
9.6 0.390 0.200 0.250 0.250 1902 PINEPAC 0.250 UNCH 35 0.343 — — 37.5 0.165 0.030 0.055 0.050 0135 SCN 0.050 Unch 17.5 0.000 — — 10.0
1.3 1.190 0.800 0.850 0.850 9695 PLS 0.850 -0.010 5 1.428 — — 277.7 0.660 0.395 0.425 0.405 0178 SEDANIA 0.405 -0.015 417.7 0.000 13.06 — 81.0
2.8 0.710 0.465 0.525 0.510 5113 RSAWIT 0.520 -0.005 583.9 0.811 — — 737.6 0.930 0.170 0.340 0.325 0117 SMRT 0.330 0.010 1027.8 0.224 366.67 — 85.9
1.0 4.100 3.500 — — 2542 RVIEW 3.600 — — — 29.53 2.78 233.5 0.175 0.065 0.105 0.100 0169 SMTRACK 0.100 -0.005 443.3 0.100 — — 28.3
8.9 3.563 2.670 3.240 3.200 2569 SBAGAN 3.240 0.060 12.2 3.230 39.51 — 214.9 0.420 0.179 0.410 0.385 0093 SOLUTN 0.410 0.025 6595.2 0.322 16.21 2.44 81.9
0.850 0.560 0.650 0.610 4316 SHCHAN 0.650 UNCH 55 0.831 — — 74.8 0.210 0.090 0.145 0.125 0129 SRIDGE 0.145 0.025 44.1 0.000 — — 17.5
3.2 6.332 3.610 4.900 4.840 5126 SOP 4.840 -0.140 5.2 6.100 29.82 1.03 2,129.9 0.397 0.123 0.245 0.240 0050 SYSTECH 0.245 0.005 896.7 0.105 28.49 2.45 77.7
3.6 2.448 1.700 1.890 1.890 5135 SWKPLNT 1.890 -0.110 3 2.550 12.44 4.76 529.2 0.260 0.100 0.120 0.120 0132 TDEX 0.120 0.005 50.1 0.121 — — 45.0
2.2 0.927 0.510 0.695 0.680 2054 TDM 0.685 0.005 797.4 0.981 30.86 2.19 1,014.9 0.160 0.080 0.100 0.095 0060 TMS 0.095 Unch 1799.2 0.066 — — 50.2
8.2 1.718 1.110 1.310 1.300 5112 THPLANT 1.310 UNCH 21.5 1.861 33.76 1.53 1,157.8 0.425 0.140 0.200 0.190 0120 VIS 0.195 Unch 514.4 0.585 15.23 — 21.6
6.5 1.793 1.103 1.350 1.350 5251 TMAKMUR 1.350 -0.010 10 0.000 7.15 11.11 537.5 0.460 0.065 0.080 0.075 0066 VSOLAR 0.080 0.005 2077.2 0.000 — — 24.3
7.8 2.378 1.730 2.050 1.960 9059 TSH 2.050 0.080 55 2.804 55.41 1.22 2,779.3 0.425 0.055 0.190 0.180 0141 WINTONI 0.185 -0.005 3887.2 0.060 — — 94.9
3.2 6.649 5.350 6.090 6.060 2593 UMCCA 6.060 -0.030 8 1.000 26.91 2.64 1,267.8 0.490 0.110 0.170 0.160 0086 YGL 0.170 Unch 144.1 0.000 — — 32.9
3.1 28.000 22.165 26.500 26.500 2089 UTDPLT 26.500 UNCH 108.5 26.600 20.00 1.51 5,515.6 0.567 0.451 0.540 0.525 0009 YTLE 0.525 -0.010 123 0.630 19.74 7.62 708.8
3.5 HOTELS TRADING SERVICES
0.7 0.964 0.515 — — 5592 GCE 0.620 — — — — 3.23 122.1 0.280 0.180 — — 0122 AIM 0.240 — — — 120.00 — 63.9
5.5 1.460 0.840 1.080 1.070 1643 LANDMRK 1.080 0.010 9.5 1.097 — — 519.3 0.200 0.095 0.115 0.115 0048 ANCOMLB 0.115 -0.005 1.2 0.190 — — 54.4
4.7 0.530 0.100 0.310 0.305 1287 PMHLDG 0.310 UNCH 2113.2 0.065 — — 287.9 0.260 0.050 0.060 0.055 0150 ASIABIO 0.055 Unch 1394.9 0.103 — — 47.7
1.1 7.361 5.782 6.090 6.080 5517 SHANG 6.090 -0.010 554 6.645 35.61 1.97 2,679.6 0.344 0.196 0.255 0.255 0011 BTECH 0.255 Unch 30 0.165 15.74 2.47 64.3
3.7 TECHNOLOGY 0.335 0.205 — — 0157 FOCUSP 0.250 — — — 50.00 4.00 41.3
7.2 1.000 0.690 0.800 0.765 7031 AMTEL 0.800 0.010 8.1 0.000 58.39 — 39.4 0.705 0.350 0.525 0.485 0081 IDEAL 0.515 0.025 1467.2 0.078 17.22 — 95.6
8.4 0.625 0.195 0.285 0.280 5195 CENSOF 0.285 0.005 288.1 0.579 20.65 — 141.5 0.380 0.280 — — 0147 INNITY 0.300 — — — 65.22 — 41.5
4.7 0.300 0.115 0.160 0.140 0051 CUSCAPI 0.155 0.010 2998.6 0.378 — — 67.5 0.245 0.100 — — 0167 MCLEAN 0.200 — — — — — 34.8
9.3 0.390 0.210 0.380 0.360 7204 D&O 0.375 0.010 2423 0.310 59.52 — 367.7 0.235 0.140 — — 0153 OVERSEA 0.170 — — — — 3.53 41.7
0.3 0.255 0.130 0.175 0.175 8338 DATAPRP 0.175 -0.005 60 0.255 — — 67.0 0.285 0.120 0.195 0.185 0177 PASUKGB 0.190 0.005 1898.4 0.165 — — 56.1
0.8 0.305 0.185 0.200 0.195 0029 DIGISTA 0.200 UNCH 362.4 0.230 — — 92.7 0.400 0.270 0.290 0.290 0006 PINEAPP 0.290 0.005 13 0.000 — — 14.1
1.7 0.410 0.180 0.270 0.260 4456 DNEX 0.265 0.005 1789.3 0.264 18.66 — 205.4 0.330 0.136 0.260 0.245 0171 PLABS 0.245 Unch 4301.7 0.150 13.92 2.04 50.7
6.6 1.797 1.002 1.470 1.460 5162 ECS 1.470 UNCH 68.8 1.201 7.71 4.08 264.6 0.055 0.005 0.010 0.010 0110 RA 0.010 Unch 1963.1 0.050 — — 9.7
7.4 0.699 0.470 0.640 0.625 0065 EFORCE 0.625 -0.005 163.6 0.509 15.32 3.20 129.2 0.240 0.130 0.160 0.160 0080 RAYA 0.160 Unch 100 0.000 — — 20.9
1.976 1.104 1.890 1.840 0090 ELSOFT 1.890 0.010 18 0.652 18.44 3.70 342.3 0.900 0.575 0.620 0.615 0032 REDTONE 0.620 Unch 68.7 0.695 32.98 0.32 469.5
6.8
1.280 0.850 1.100 1.080 0021 GHLSYS 1.090 -0.030 672 0.796 83.85 — 707.6 1.180 0.480 0.520 0.510 0173 REV 0.515 -0.010 38.9 0.681 — — 69.3
4.6
0.365 0.185 0.250 0.235 0082 GPACKET 0.240 0.005 5018.5 0.462 1.63 — 165.7 2.670 1.153 — — 0158 SCC 1.970 — — — 12.50 2.54 84.2
8.5
0.319 0.232 0.275 0.270 0056 GRANFLO 0.275 -0.005 130 0.276 11.22 3.64 132.9 0.310 0.192 0.235 0.225 0161 SCH 0.235 0.005 4289.4 0.000 11.63 6.38 96.9
0.8
0.470 0.325 0.410 0.400 0137 STEMLFE 0.405 0.010 602.8 0.399 — 7.41 100.2
9.7 6.360 3.822 6.220 6.050 7022 GTRONIC 6.220 0.110 603.6 3.122 24.67 1.45 1,751.7
1.410 0.450 1.350 1.340 0089 TEXCYCL 1.340 -0.010 45 0.466 42.41 0.19 228.9
4.5 0.743 0.539 — — 5028 HTPADU 0.660 — — — 37.08 3.03 66.8
0.235 0.100 — — 0145 TFP 0.170 — — — — — 34.9
9.1 3.850 2.012 3.640 3.570 0166 INARI 3.570 -0.020 4735.7 1.542 14.97 2.21 2,608.3
0.055 0.030 0.040 0.035 0140 UTOPIA 0.040 Unch 994 0.077 — — 39.6
0.4 0.300 0.100 — — 9393 ITRONIC 0.145 — — — — — 14.9
0.315 0.045 0.315 0.265 0165 XOX 0.310 0.040 89122.1 0.164 124.00 — 102.9
9.7 0.795 0.432 0.790 0.770 5161 JCY 0.780 UNCH 6481.4 0.574 9.89 6.09 1,609.1
5.200 2.246 5.050 4.920 9334 KESM 5.050 UNCH 117.6 2.047 12.75 0.59 217.2 FINANCE
9.9
0.660 0.390 — — 0053 OSKVI 0.500 — — — — 4.00 98.8
* Volume Weighted Average Price # PE is calculated based on latest 12 months reported Earnings Per Share
38 Markets M ON DAY N OVEM B ER 2 , 2 0 1 5 • TH EEDGE F I N AN C I AL DAI LY

INSIDER MOVES . TRADING THEMES . EVENTS . FOREX

Insider moves (Filings on Oct 29, 2015) 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.
Spain GDP growth
COMPANY SHARES ACQUIRED DIRECTOR/SUBSTANTIAL SHARES HELD TRANSACTION
(DISPOSED) SHAREHOLDER AFTER CHANGE DATE
ABRIC 469,400 PUI CHENG WUI 29,078,000 23 & 26/10
ALLIANCE FINANCIAL GROUP (912,800) EMPLOYEES PROVIDENT FUND BOARD 277,127,240 26/10
AMMB (704,000) EMPLOYEES PROVIDENT FUND BOARD 488,036,837 26/10
APOLLO FOOD (250,000) AMANAHRAYA TRUSTEES 15,822,000 26/10
- SKIM AMANAH SAHAM BUMIPUTERA
AXIS REAL ESTATE INVEST TRUST (832,800) KUMPULAN WANG PERSARAAN 64,446,192 21 TO 23/10
(DIPERBADANKAN)
BERJAYA AUTO 165,000 EMPLOYEES PROVIDENT FUND BOARD 72,671,420 26/10
BIOALPHA (10,000,000) HON TIAN KOK @ WILLIAM 81,473,560 28/10
CAHYA MATA SARAWAK (416,400) EMPLOYEES PROVIDENT FUND BOARD 83,646,927 26/10
CARING PHARMACY GROUP (27,777,000) JITUMAJU S/B 11,515,780 26/10
CIMB GROUP (5,500,000) MITSUBISHI UFJ FINANCIAL GROUP INC., 833,126,799 22/10
(JAPAN)
CIMB GROUP (2,774,100) EMPLOYEES PROVIDENT FUND BOARD 1,450,031,132 23/10
CLIQ ENERGY 119,000 JULIAN SURESH CANDIAH 22,940,700 28/10
DATASONIC GROUP 150,000 CHEW BEN BEN 324,711,900 29/10
DIALOG GROUP (2,000,000) EMPLOYEES PROVIDENT FUND BOARD 560,261,544 26/10
DIALOG GROUP (6,000,000) KUMPULAN WANG PERSARAAN 560,261,544 21 TO 23/10
(DIPERBADANKAN)
DIGI.COM 2,102,800 EMPLOYEES PROVIDENT FUND BOARD 1,097,066,340 26/10
GAMUDA 100,000 EMPLOYEES PROVIDENT FUND BOARD 255,847,405 26/10
GAMUDA (252,900) AMANAHRAYA TRUSTEES 176,478,300 27/10
- SKIM AMANAH SAHAM BUMIPUTERA
GAMUDA (981,100) KUMPULAN WANG PERSARAAN 135,223,900 21 TO 23/10
(DIPERBADANKAN)
GAMUDA 140,000 LEMBAGA TABUNG HAJI 129,164,600 26/10
GENTING PLANTATIONS (328,000) KUMPULAN WANG PERSARAAN 40,975,900 22 & 23/10
(DIPERBADANKAN)
GENTING PLANTATIONS (700,000) EMPLOYEES PROVIDENT FUND BOARD 112,660,700 26/10
HARTALEGA 288,900 EMPLOYEES PROVIDENT FUND BOARD 118,611,400 26/10
HOCK SENG LEE (128,200) EMPLOYEES PROVIDENT FUND BOARD 49,327,960 26/10
HONG LEONG BANK 728,400 EMPLOYEES PROVIDENT FUND BOARD 246,223,283 26/10
IGB REAL ESTATE INVEST TRUST (500,000) KUMPULAN WANG PERSARAAN 216,843,120 21/10
(DIPERBADANKAN)
IHH HEALTHCARE (442,900) EMPLOYEES PROVIDENT FUND BOARD 730,288,800 26/10
IJM CORPORATION (3,000,000) AMANAHRAYA TRUSTEES 262,231,300 27/10
- SKIM AMANAH SAHAM BUMIPUTERA
IJM CORPORATION (2,000,000) EMPLOYEES PROVIDENT FUND BOARD 262,231,300 26/10
INARI AMERTRON 600,000 EMPLOYEES PROVIDENT FUND BOARD 54,498,487 26/10
INARI AMERTRON 1,776,700 KUMPULAN WANG PERSARAAN 56,376,549 21 TO 23/10
(DIPERBADANKAN)
IOI CORPORATION (1,526,000) EMPLOYEES PROVIDENT FUND BOARD 584,989,059 26/10
KPJ HEALTHCARE 675,100 EMPLOYEES PROVIDENT FUND BOARD 113,720,095 26/10
KUALA LUMPUR KEPONG (282,900) EMPLOYEES PROVIDENT FUND BOARD 147,902,638 26/10
LAFARGE MALAYSIA (300,000) EMPLOYEES PROVIDENT FUND BOARD 80,322,575 26/10
LINGKARAN TRANS KOTA 367,200 EMPLOYEES PROVIDENT FUND BOARD 35,559,200 26/10
LINGKARAN TRANS KOTA (451,900) KUMPULAN WANG PERSARAAN 37,075,900 22 & 23/10
(DIPERBADANKAN)
LINGKARAN TRANS KOTA (1,831,600) AMANAHRAYA TRUSTEES 35,320,400 26 & 27/10
- SKIM AMANAH SAHAM BUMIPUTERA
MALAKOFF CORPORATION (569,000) LEMBAGA TABUNG HAJI 504,352,200 23 & 27/10
MALAYAN BANKING (3,615,500) AMANAHRAYA TRUSTEES 3,480,864,268 26 & 27/10
- SKIM AMANAH SAHAM BUMIPUTERA
MALAYAN BANKING 2,211,000 EMPLOYEES PROVIDENT FUND BOARD 1,476,792,198 26/10
MAXIS 2,000,000 EMPLOYEES PROVIDENT FUND BOARD 560,288,700 26/10
MAXIS (2,409,000) EMPLOYEES PROVIDENT FUND BOARD 560,288,700 27/10
MMC CORPORATION 1,889,800 LEMBAGA TABUNG HAJI 195,962,900 22, 23, 26 &
27/10
MMC CORPORATION (640,000) EMPLOYEES PROVIDENT FUND BOARD 173,213,000 23 & 26/10
MY E.G. SERVICES (472,000) KUMPULAN WANG PERSARAAN 76,928,500 21 & 23/10
(DIPERBADANKAN)
PANPAGES 200,000 LAU KOK FUI 25,145,000 28/10 Stocks closest to year high Stocks closest to year low
PETRONAS DAGANGAN 455,300 EMPLOYEES PROVIDENT FUND BOARD 53,063,200 26/10
PETRONAS GAS 791,300 KUMPULAN WANG PERSARAAN 106,496,600 22 & 23/10 STOCK HIGH LOW CLOSE VOLUME STOCK HIGH LOW CLOSE VOLUME
(DIPERBADANKAN) (RM) (RM) (RM) ('000) (RM) (RM) (RM) ('000)
PUBLIC BANK 193,262,803 MITSUBISHI UFJ FINANCIAL GROUP INC. 193,262,803 22/10
(JAPAN) KULIM 3.330 3.280 3.330 986.3 JTIASA-CE 0.140 0.140 0.140 38.8
PUBLIC BANK (350,400) EMPLOYEES PROVIDENT FUND BOARD 600,837,963 26/10 TNLOGIS 1.460 1.400 1.410 6972.9 INIX-OR 0.015 0.005 0.010 23040
S P SETIA (459,600) EMPLOYEES PROVIDENT FUND BOARD 145,266,698 26/10 SAPRES 1.430 1.390 1.400 449.3 CIMB-C9 0.150 0.145 0.150 235
SAPURAKENCANA PETROLEUM (527,900) EMPLOYEES PROVIDENT FUND BOARD 828,328,469 26/10
HLIND 6.300 6.250 6.270 26.5 HSI-HT 0.505 0.505 0.505 6
SHELL REFINING COMPANY (16,000) EMPLOYEES PROVIDENT FUND BOARD 47,126,200 26/10
(FEDERATION OF MALAYA) JOHOTIN 2.220 2.130 2.190 1431.2 BHS 0.365 0.335 0.355 7078.9
SUNWAY REAL ESTATE INVEST TRUST 300,000 AMANAHRAYA TRUSTEES 266,188,500 26/10 AJIYA 4.390 4.270 4.280 206.6 CHINA50-C8 0.085 0.055 0.085 51
- SKIM AMANAH SAHAM BUMIPUTERA HSI-HT 0.505 0.505 0.505 6 FBMKLCI-C15 0.440 0.440 0.440 10
SUNWAY REAL ESTATE INVEST TRUST 920,000 EMPLOYEES PROVIDENT FUND BOARD 319,831,900 26/10
FLBHD 2.170 2.120 2.140 579.1 AIRASIAC28 0.105 0.105 0.105 51
TA ANN 300,000 EMPLOYEES PROVIDENT FUND BOARD 38,510,982 26/10
TELEKOM MALAYSIA (3,600,000) AMANAHRAYA TRUSTEES 453,729,595 26 & 27/10 JOHOTIN-WA 0.495 0.475 0.485 2516.6 LBS-WB 0.265 0.245 0.265 808.5
- SKIM AMANAH SAHAM BUMIPUTERA ULICORP 4.450 4.390 4.410 1213.5 FBMKLCI-C28 0.710 0.710 0.710 6
TELEKOM MALAYSIA 2,677,900 EMPLOYEES PROVIDENT FUND BOARD 599,009,836 26/10
CANONE 3.400 3.160 3.380 2800.5 YTL-CZ 0.100 0.095 0.100 300
UMW (893,500) AMANAHRAYA TRUSTEES 474,363,500 26 & 27/10
- SKIM AMANAH SAHAM BUMIPUTERA WEIDA 1.810 1.730 1.770 1893.5 TA-CE 0.020 0.010 0.020 250.1
WCT (227,696) EMPLOYEES PROVIDENT FUND BOARD 101,579,298 26/10 EG 0.820 0.740 0.785 11663.4 IOICORP-C7 0.070 0.070 0.070 0.1
WCT (166,100) LEMBAGA TABUNG HAJI 121,804,938 20 - 23 & 26/10 APFT 0.270 0.250 0.265 39178.4 KSL-CE 0.005 0.005 0.005 0.1
YTL CORPORATION (1,652,700) EMPLOYEES PROVIDENT FUND BOARD 747,442,547 26/10
HEVEA-WB 1.120 1.100 1.110 438.5 INGENCO-WA 0.010 0.005 0.005 930
While every effort is made to ensure accuracy, the information presented is not an exhaustive list and is not an official record of shareholder
SHH 2.230 2.110 2.230 202.6 DIGI-C7 0.095 0.095 0.095 0.8
filings. Direct and indirect shareholdings are combined due to space constraints. Readers who are interested should check the official filings filed
with Bursa Malaysia. Note: * denotes Ace Market XOX 0.315 0.265 0.310 89122.1
SYMPHNY 0.215 0.190 0.205 44902.9
APFT-WA 0.075 0.050 0.065 10452
Local events to watch out for today ASIAFLE 4.490 4.110 4.490 2034.2

This table shows stocks that are trading near their year high. This This table shows stocks that are trading near their year low. This
NIL could suggest a build-up in buying momentum, or the possibility that could suggest a build-up in selling momentum, or the possibility that
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 $ 0.616 0.678 0.670 0.440 0.887 0.950 0.950 0.950 2.9171 4.286 52.732 4.597 2.492 9,278 44.376 81.815 5.749 31.674 2.470 2.544 5.790 24.144 5.258
EURO 1.623 1.101 1.087 0.714 1.440 1.543 1.542 1.542 4.7347 6.957 85.588 7.462 4.044 15,059 72.026 132.792 9.331 51.410 4.010 4.129 9.398 39.188 8.534
US $ 1.474 0.908 0.988 0.648 1.308 1.401 1.401 1.400 4.3000 6.318 77.730 6.777 3.673 13,677 65.413 120.600 8.475 46.690 3.642 3.750 8.535 35.590 7.751
SWISS FR 1.493 0.920 1.013 0.656 1.325 1.419 1.418 1.418 4.3544 6.398 78.713 6.862 3.719 13,850 66.241 122.126 8.582 47.281 3.688 3.797 8.643 36.040 7.849
STERLING £ 2.275 1.401 1.543 1.524 2.018 2.162 2.161 2.161 6.6353 9.749 119.944 10.457 5.668 21,105 100.939 186.097 13.077 72.047 5.619 5.787 13.171 54.919 11.960
CANADA $ 1.127 0.694 0.765 0.755 0.495 1.071 1.071 1.070 3.2875 4.830 59.427 5.181 2.808 10,456 50.011 92.203 6.479 35.696 2.784 2.867 6.525 27.210 5.926
BRUNEI $ 1.052 0.648 0.714 0.705 0.463 0.934 1.000 0.999 3.0692 4.510 55.481 4.837 2.622 9,762 46.690 86.080 6.049 33.326 2.599 2.677 6.092 25.403 5.532
SINGAPORE $ 1.053 0.648 0.714 0.705 0.463 0.934 1.000 1.000 3.0703 4.511 55.501 4.839 2.623 9,766 46.707 86.111 6.051 33.338 2.600 2.678 6.094 25.412 5.534
AUSTRALIA $ 1.053 0.649 0.714 0.705 0.463 0.934 1.001 1.000 3.0711 4.512 55.515 4.840 2.623 9,768 46.719 86.134 6.053 33.346 2.601 2.678 6.096 25.419 5.535
MALAYSIA RM 0.343 0.211 0.233 0.230 0.151 0.304 0.326 0.326 0.326 1.0000 1.469 18.077 1.576 0.854 3,181 15.212 28.047 1.971 10.858 0.847 0.872 1.985 8.277 1.802
100 CHINESE RMB 23.331 14.375 15.828 15.630 10.257 20.703 22.175 22.167 22.161 68.0600 1,230 107.259 58.134 216,476 1,035.354 1,909 134.135 739.003 57.637 59.355 135.093 563.317 122.674
100 BANGLAD’H TAKA 1.896 1.168 1.287 1.270 0.834 1.683 1.802 1.802 1.801 5.5320 8.128 8.718 4.725 17,595 84.155 155.153 10.903 60.067 4.685 4.824 10.981 45.787 9.971
100 DANISH KRONER 21.752 13.402 14.757 14.572 9.563 19.302 20.674 20.667 20.662 63.4540 93.23 1,147 54.200 201,826 965.29 1,780 125.06 688.99 53.74 55.34 125.95 525.19 114.37
100 UAE DIRHAM 40.134 24.727 27.226 26.886 17.644 35.612 38.145 38.131 38.121 117.0737 172.02 2,116 184.50 372,372 1,781 3,284 230.73 1,271 99.15 102.10 232.38 968.99 211.02
1000 INA RUPIAH 0.108 0.066 0.073 0.072 0.047 0.096 0.102 0.102 0.102 0.3144 0.462 5.683 0.495 0.269 4.783 8.818 0.620 3.414 0.266 0.274 0.624 2.602 0.567
100 INDIA RUPEE 2.253 1.388 1.529 1.510 0.991 2.000 2.142 2.141 2.140 6.5736 9.659 118.829 10.360 5.615 20,908 184.367 12.955 71.377 5.567 5.733 13.048 54.408 11.849
100 JAPAN YEN 1.222 0.753 0.829 0.819 0.537 1.085 1.162 1.161 1.161 3.5655 5.239 64.452 5.619 3.046 11,341 54.240 7.027 38.715 3.019 3.109 7.077 29.511 6.427
100 NORWEGIAN KRONER 17.394 10.717 11.800 11.653 7.647 15.434 16.532 16.526 16.522 50.7400 74.552 917 79.963 43.340 161,387 771.875 1,423 550.941 42.970 44.250 100.715 419.964 91.456
100 PHILIPPINE PESO 3.157 1.945 2.142 2.115 1.388 2.801 3.001 3.000 2.999 9.2097 13.532 166.481 14.514 7.867 29,293 140.101 258.300 18.151 7.799 8.032 18.280 76.227 16.600
100 QATAR RIYAL 40.480 24.940 27.461 27.118 17.796 35.919 38.474 38.460 38.450 118.0832 173.499 2,135 186.093 100.862 375,583 1,796 3,312 232.722 1,282 102.980 234.385 977.348 212.838
100 SAUDI RIYAL 39.308 24.218 26.667 26.334 17.281 34.880 37.360 37.347 37.337 114.6667 168.479 2,073 180.708 97.944 364,716 1,744 3,216 225.989 1,245 97.107 227.604 949.071 206.680
100 SWEDISH KRONOR 17.271 10.641 11.716 11.570 7.593 15.325 16.415 16.409 16.405 50.3800 74.023 910.704 79.396 43.033 160,242 766.399 1,413 99.291 547.032 42.665 43.936 416.984 90.807
100 THAI BAHT 4.142 2.552 2.810 2.775 1.821 3.675 3.937 3.935 3.934 12.0820 17.752 218.403 19.041 10.320 38,429 183.796 338.859 23.812 131.188 10.232 10.537 23.982 21.777
100 HK$ 19.019 11.718 12.902 12.741 8.361 16.876 18.076 18.070 18.065 55.4803 81.517 1,002.901 87.434 47.389 176,464 843.986 1,556 109.342 602.411 46.984 48.384 110.124 459.198
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.
36 Markets M ON DAY N OVEM B ER 2 , 2 0 1 5 • TH EEDGE FI N AN C I AL DAI LY MO

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

Bursa Malaysia Equity Derivatives YEAR

HIGH
YEAR
LOW
DAY
HIGH
DAY
LOW
CODE WARRANTS CLOSE
(RM)
+/-
(RM)
VOL PARENT
(‘000)
EXE
PRICE PRICE
PR’M
(%)
EXPIRY
DATE Wa
0.465 0.445 — — 65016 FBMKLCI-C16 0.465 — — 1,665 1,625 8.67 17/03/2016 Ba
Main Market & Ace Market Warrants 0.265
0.435
0.145
0.060
0.210
0.200
0.205
0.190
65018
0650C2
FBMKLCI-C18
FBMKLCI-C2
0.205
0.200
-0.055
-0.005
69
105
1,665
1,665
1,680
1,800
9.48
10.47
29/04/2016
30/12/2015 cou
0.870 0.600 — — 65020 FBMKLCI-C20 0.680 — — 1,665 1,640 8.66 31/03/2016
YEAR YEAR DAY DAY CODE WARRANTS CLOSE +/- VOL PARENT EXE PR’M EXPIRY 0.190 0.100 0.110 0.105 65022 FBMKLCI-C22 0.105 0.005 951.7 1,665 1,630 2.27 29/04/2016
HIGH LOW HIGH LOW (RM) (RM) (‘000) PRICE PRICE (%) DATE
NE
0.205 0.060 0.065 0.060 65024 FBMKLCI-C24 0.065 Unch 455.9 1,665 1,720 5.99 31/05/2016
0.660 0.650 — — 65026 FBMKLCI-C26 0.660 — — 1,665 1,750 14.97 31/05/2016
0.150 0.005 — — 5238CR AAX-CR 0.005 — — 0.205 0.531 160.89 30/12/2015
0.025
0.070
0.005
0.035
—
0.055
—
0.050
5238CS
5238WA
AAX-CS
AAX-WA
0.005
0.055
—
0.005 10764
— 0.205
0.205
0.563
0.460
176.60
151.22
09/12/2015
08/06/2020
0.790
0.120
0.710
0.035
0.710
0.075
0.710
0.065
65028
0650C3
FBMKLCI-C28
FBMKLCI-C3
0.710
0.070
-0.080
0.005 750.2
6 1,665
1,665
1,670
1,708
10.91
8.48
31/05/2016
30/06/2016 ma
0.115
0.410
0.035
0.175
0.055
—
0.055
—
7086WA
7061WB
ABLEGRP-WA
ABRIC-WB
0.055
0.280
0.005
—
15.8
—
0.145
0.580
0.150
0.300
41.38
0.00
19/01/2017
07/04/2016
0.195
0.340
0.060
0.075
0.090
0.140
0.085
0.125
0650C4
0650C5
FBMKLCI-C4
FBMKLCI-C5
0.085
0.140
0.005
0.005
1357.2
170
1,665
1,665
1,700
1,750
5.46
6.98
29/07/2016
31/01/2016 its
0.155
0.090
0.125
0.035
—
0.040
—
0.040
6599CD
6599CE
AEON-CD
AEON-CE
0.125
0.040
—
Unch
—
30
2.830
2.830
3.000
3.150
23.67
15.55
11/12/2015
30/06/2016
0.340
0.515
0.055
0.120
0.220
0.370
0.205
0.350
0650C6
0650C7
FBMKLCI-C6
FBMKLCI-C7
0.220
0.370
0.005
Unch
400
190
1,665
1,665
1,700
1,650
5.07
4.12
31/01/2016
31/01/2016 be
0.110 0.005 0.005 0.005 5185CS AFFIN-CS 0.005 Unch 10 2.390 2.750 15.69 31/12/2015
0.175
0.995
0.045
0.540
0.115
0.775
0.110
0.760
0650C8
0650C9
FBMKLCI-C8
FBMKLCI-C9
0.115
0.770
Unch
0.010
1273
600.5
1,665
1,665
1,720
1,640
6.01
7.70
31/01/2016
29/02/2016 tinu
0.025 0.010 — — 2488CQ AFG-CQ 0.015 — — 3.580 4.650 31.56 29/04/2016
0.135 0.060 0.100 0.100 7315WB AHB-WB 0.100 0.005 1 0.190 0.200 57.89 28/08/2019
0.140
0.225
0.005
0.035
—
0.040
—
0.040
0650CN
0650CR
FBMKLCI-CN
FBMKLCI-CR
0.005
0.040
—
-0.005 111
— 1,665
1,665
1,800
1,730
8.26
5.46
30/11/2015
29/01/2016 tru
the
0.140 0.005 — — 509917 AIRASIAC17 0.005 — — 1.480 2.700 83.78 30/12/2015 0.150 0.010 0.025 0.025 0650CU FBMKLCI-CU 0.025 -0.005 390 1,665 1,848 12.50 31/03/2016
0.005 0.005 — — 509918 AIRASIAC18 0.005 — — 1.480 2.800 90.37 27/11/2015 0.080 0.010 — — 0650CV FBMKLCI-CV 0.035 — — 1,665 1,808 11.12 31/03/2016
Ind
0.115 0.005 0.005 0.005 509919 AIRASIAC19 0.005 Unch 20 1.480 2.500 70.27 29/02/2016 0.215 0.010 — — 0650CX FBMKLCI-CX 0.020 — — 1,665 1,800 8.66 07/12/2015
0.120 0.005 — — 509920 AIRASIAC20 0.005 — — 1.480 2.500 69.59 01/12/2015 0.050 0.010 0.020 0.020 0650CY FBMKLCI-CY 0.020 Unch 250 1,665 1,750 5.66 07/12/2015
div
0.100 0.005 0.005 0.005 509921 AIRASIAC21 0.005 -0.005 1550.1 1.480 2.300 56.42 19/02/2016 0.735 0.160 0.415 0.395 0650CZ FBMKLCI-CZ 0.410 0.005 1369 1,665 1,680 5.78 30/12/2015
0.150 0.015 — — 509922 AIRASIAC22 0.100 — — 1.480 1.650 25.00 29/04/2016 0.690 0.270 0.335 0.320 0650H1 FBMKLCI-H1 0.320 -0.005 1115 1,665 1,720 10.91 31/01/2016
0.065
0.410
0.015
0.090
0.045
0.340
0.040
0.340
509923
509924
AIRASIAC23
AIRASIAC24
0.040
0.340
Unch
-0.015
4924.5
19
1.480
1.480
1.800
1.050
28.38
5.41
29/01/2016
31/05/2016
0.405
1.060
0.220
0.450
0.265
0.545
0.255
0.520
65019
0650H2
FBMKLCI-H19
FBMKLCI-H2
0.255
0.530
-0.005
-0.015
292.7
943.2
1,665
1,665
1,675
1,600
6.65
2.42
17/03/2016
29/02/2016 ab
0.420 0.085 0.340 0.325 509925 AIRASIAC25 0.330 -0.005 3385.9 1.480 1.200 7.84 07/03/2016 0.180 0.085 0.110 0.105 65021 FBMKLCI-H21 0.105 Unch 1300.6 1,665 1,500 -5.53 29/04/2016
0.530 0.320 — — 509926 AIRASIAC26 0.485 — — 1.480 0.900 9.97 18/07/2016 0.705 0.435 0.530 0.515 65023 FBMKLCI-H23 0.520 -0.005 1990 1,665 1,600 3.86 31/03/2016
0.165
0.130
0.135
0.105
0.135
0.105
0.135
0.105
509927
509928
AIRASIAC27
AIRASIAC28
0.135
0.105
Unch
-0.005
10
51
1.480
1.480
1.280
1.480
13.85
21.28
28/10/2016
28/10/2016
0.155
0.130
0.105
0.090
0.140
0.115
0.130
0.105
65025
65027
FBMKLCI-H25
FBMKLCI-H27
0.130
0.105
-0.015
-0.010
711.6
1560.7
1,665
1,665
1,600
1,550
1.52
-2.53
29/04/2016
31/05/2016 to
0.145
0.110
0.115
0.010
—
—
—
—
5014CN
5014CO
AIRPORT-CN
AIRPORT-CO
0.115
0.060
—
—
—
—
5.300
5.300
7.000
6.800
48.50
32.83
11/12/2015
30/06/2016
0.635
1.320
0.625
0.650
—
0.780
—
0.755
65029
0650H3
FBMKLCI-H29
FBMKLCI-H3
0.635
0.765
—
-0.010 5250.5
— 1,665
1,665
1,630
1,680
7.39
10.05
31/05/2016
29/02/2016 po
0.100
0.035
0.010
0.005
—
0.005
—
0.005
1015CV
0159WA
AMBANK-CV
AMEDIA-WA
0.015
0.005
—
Unch
—
16.7
4.780
0.025
6.000
0.250
27.41
920.00
31/03/2016
02/01/2018
0.820
0.410
0.765
0.175
—
0.200
—
0.195
65031
0650H4
FBMKLCI-H31
FBMKLCI-H4
0.820
0.195
—
-0.005
—
131
1,665
1,665
1,710
1,600
14.97
1.91
31/05/2016
29/02/2016 pa
0.145
0.145
0.005
0.045
0.090
0.085
0.085
0.080
9342WA
9342WB
ANZO-WA
ANZO-WB
0.090
0.085
0.005
0.010
321.2
39.3
0.195
0.195
0.250
0.250
74.36
71.79
19/11/2019
25/08/2023
0.380
0.635
0.065
0.320
0.095
0.390
0.085
0.375
0650H5
0650H6
FBMKLCI-H5
FBMKLCI-H6
0.085
0.375
-0.010
-0.010
8248.7
186
1,665
1,665
1,500
1,520
-6.38
-3.12
31/03/2016
31/03/2016 ga
0.075
0.195
0.035
0.080
0.075
0.110
0.050
0.110
5194WA
0119WA
APFT-WA
APPASIA-WA
0.065
0.110
0.020
0.010
10452
5
0.265
0.165
0.400
0.130
75.47
45.45
13/07/2018
23/12/2024
0.290
0.285
0.135
0.185
0.150
0.220
0.150
0.220
0650H7
0650H8
FBMKLCI-H7
FBMKLCI-H8
0.150
0.220
Unch
0.025
340
150
1,665
1,665
1,500
1,575
-6.36
-0.19
17/03/2016
17/03/2016 tor-
0.300
0.145
0.090
0.055
—
—
—
—
52812
52813
APPLE-C12
APPLE-C13
0.160
0.075
—
—
—
—
503.52
503.52
430.05
550.46
1.30
19.75
27/11/2015
29/02/2016
0.345
0.575
0.240
0.050
—
0.205
—
0.190
0650H9
0650HG
FBMKLCI-H9
FBMKLCI-HG
0.260
0.195
—
-0.010 15409.7
— 1,665
1,665
1,625
1,800
3.77
15.88
17/03/2016
30/11/2015
am
0.145 0.060 — — 52814 APPLE-C14 0.100 — — 509.28 448.90 -0.07 29/04/2016 0.575 0.040 0.200 0.185 0650HK FBMKLCI-HK 0.185 -0.010 15448.1 1,665 1,735 11.56 29/01/2016
0.085 0.085 — — 7007WB ARK-WB 0.085 — — 0.450 1.000 141.11 30/06/2021 0.530 0.080 0.285 0.275 0650HN FBMKLCI-HN 0.275 -0.015 155 1,665 1,788 18.95 31/03/2016
0.225
0.220
0.045
0.010
—
—
—
—
5210C3
5210C4
ARMADA-C3
ARMADA-C4
0.070
0.020
—
—
—
—
0.970
0.970
0.980
1.200
11.86
25.77
25/01/2016
15/01/2016
0.595
0.770
0.085
0.200
0.290
0.405
0.290
0.385
0650HO
0650HP
FBMKLCI-HO
FBMKLCI-HP
0.290
0.395
-0.005
Unch
145.5
1124.8
1,665
1,665
1,808
1,850
22.52
22.92
31/03/2016
07/12/2015
I’m
0.085
0.100
0.030
0.040
—
0.075
—
0.075
5210C5
5210C6
ARMADA-C5
ARMADA-C6
0.030
0.075
—
Unch
—
50
0.970
0.970
1.200
1.000
31.44
18.56
29/01/2016
30/08/2016
0.680
1.350
0.160
0.685
0.315
—
0.305
—
0650HQ
0650HR
FBMKLCI-HQ
FBMKLCI-HR
0.305
1.160
0.005
—
173
—
1,665
1,665
1,800
1,780
17.22
20.79
07/12/2015
30/12/2015
ton
0.140
0.100
0.060
0.005
0.110
—
0.095
—
5210C7
5210CY
ARMADA-C7
ARMADA-CY
0.105
0.005
0.005
—
1370
—
0.970
0.970
0.950
1.270
15.26
31.96
07/03/2016
31/12/2015
1.180
0.920
0.470
0.230
—
0.320
—
0.310
0650HS
0650HT
FBMKLCI-HS
FBMKLCI-HT
0.535
0.310
—
-0.015
—
55
1,665
1,665
1,720
1,660
9.69
3.38
30/12/2015
30/12/2015
BT
0.295
0.950
0.005
0.135
—
—
—
—
5210CZ
0068WB
ARMADA-CZ
ASDION-WB
0.005
0.350
—
—
—
—
0.970
0.615
1.200
0.500
24.23
38.21
15/12/2015
24/03/2019
0.590
0.640
0.100
0.075
0.225
0.255
0.225
0.235
0650HU
0650HV
FBMKLCI-HU
FBMKLCI-HV
0.225
0.240
-0.005
-0.015 4638.6
10 1,665
1,665
1,688
1,658
12.20
11.12
30/06/2016
30/06/2016
is c
0.080
0.100
0.020
0.090
0.030
—
0.025
—
0150WA
6399CS
ASIABIO-WA
ASTRO-CS
0.030
0.095
Unch
—
1000
—
0.055
2.860
0.100
2.980
136.36
24.13
19/04/2024
29/01/2016
0.625
1.100
0.085
0.480
0.320
0.670
0.305
0.645
0650HW
0650HX
FBMKLCI-HW
FBMKLCI-HX
0.305
0.645
-0.010
Unch
816.4
473.9
1,665
1,665
1,700
1,750
14.27
13.90
29/07/2016
31/01/2016
not
0.205
0.060
0.085
0.015
0.095
—
0.095
—
6399CT
7070WA
ASTRO-CT
ASUPREM-WA
0.095
0.015
0.005
—
42.9
—
2.860
0.130
2.650
0.200
5.94
65.38
29/02/2016
08/08/2016
0.885
0.725
0.355
0.250
0.475
0.335
0.460
0.305
0650HY
0650HZ
FBMKLCI-HY
FBMKLCI-HZ
0.460
0.305
Unch
-0.025
124.6
660.9
1,665
1,665
1,700
1,650
8.36
3.23
31/01/2016
31/01/2016
ing
0.065
0.240
0.025
0.105
—
0.120
—
0.120
7070WB
7099WB
ASUPREM-WB
ATTA-WB
0.030
0.120
—
Unch
—
15
0.130
0.670
0.200
1.000
76.92
67.16
20/06/2018
09/05/2022
0.280
0.295
0.195
0.255
—
—
—
—
0650JA
0650JB
FBMKLCI-JA
FBMKLCI-JB
0.275
0.295
—
—
—
—
1,665
1,665
1,266
1,108
0.77
-1.60
31/03/2016
31/03/2016
but
0.305
0.080
0.100
0.030
—
0.045
—
0.040
7099WC
0072WA
ATTA-WC
AT-WA
0.130
0.045
—
0.005 280.1
— 0.670
0.085
1.000
0.120
68.66
94.12
18/11/2024
29/01/2019
0.170
0.275
0.050
0.005
—
0.005
—
0.005
8605WB
5222C2
FFHB-WB
FGV-C2
0.060
0.005
—
-0.005
—
58.8
0.420
1.780
0.500
2.400
33.33
35.67
30/03/2017
09/12/2015
reg
0.100 0.015 — — 6888C2 AXIATA-C2 0.030 — — 6.170 7.180 19.29 29/01/2016 0.070 0.005 0.030 0.030 5222C4 FGV-C4 0.030 Unch 60 1.780 2.300 35.96 31/03/2016
0.145 0.040 — — 6888C3 AXIATA-C3 0.095 — — 6.170 6.700 13.98 29/01/2016 0.200 0.010 0.060 0.050 5222C5 FGV-C5 0.055 Unch 6753.7 1.780 2.100 25.08 04/01/2016
0.170
0.410
0.025
0.150
0.115
0.245
0.110
0.205
6888C4
7078WA
AXIATA-C4
AZRB-WA
0.115
0.245
0.010
0.025
15
11
6.170
0.645
6.400
0.700
9.32
46.51
29/07/2016
13/05/2024
0.195
0.210
0.025
0.035
0.160
0.185
0.155
0.170
5222C6
5222C7
FGV-C6
FGV-C7
0.155
0.175
-0.005
-0.005
2750.7
24623.4
1.780
1.780
1.500
1.550
10.39
25.42
29/07/2016
31/03/2016
po
0.150
0.105
0.150
0.080
—
0.105
—
0.090
4162CE
7241WA
BAT-CE
BHS-WA
0.150
0.105
—
0.015 8899.2
— 61.820
0.355
57.000
0.600
4.34
98.59
29/07/2016
18/10/2020
0.275
0.120
0.220
0.095
0.250
0.110
0.245
0.110
5222C8
5222C9
FGV-C8
FGV-C9
0.250
0.110
0.010
0.005
305.1
983.7
1.780
1.780
1.500
1.900
12.36
27.75
18/07/2016
31/05/2016
vic
0.085
0.590
0.050
0.290
—
0.380
—
0.375
5258CT
5258WA
BIMB-CT
BIMB-WA
0.070
0.380
—
-0.005
—
515.3
4.100
4.100
3.880
4.720
4.88
24.39
30/11/2015
04/12/2023
0.115
1.400
0.005
1.400
—
—
—
—
5222CX
6939WB
FGV-CX
FIAMMA-WB
0.005
1.400
—
—
—
—
1.780
1.750
3.500
1.000
98.03
37.14
13/11/2015
26/11/2018
rai
0.310
0.030
0.090
0.005
0.160
—
0.150
—
6998WA
7193WA
BINTAI-WA
BIOSIS-WA
0.155
0.005
Unch
—
3271.2
—
0.300
0.020
0.200
0.500
18.33
2,425
15/06/2020
24/08/2020
0.335
0.050
0.105
0.015
0.145
—
0.145
—
9318WB
0109WA
FITTERS-WB
FLONIC-WA
0.145
0.020
0.005
—
57.8
—
0.510
0.050
1.000
0.050
124.51
40.00
12/10/2019
16/06/2017
as
0.400 0.200 — — 3239WA BJASSET-WA 0.330 — — 0.800 1.000 66.25 16/03/2018 0.040 0.015 0.020 0.020 0109WB FLONIC-WB 0.020 Unch 200 0.050 0.050 40.00 06/11/2019
0.180 0.005 — — 5248CE BJAUTO-CE 0.015 — — 2.100 2.214 8.50 30/10/2015 0.055 0.010 — — 0116WB FOCUS-WB 0.015 — — 0.075 0.100 53.33 06/06/2016
0.155 0.010 0.020 0.015 5248CH BJAUTO-CH 0.020 0.005 335 2.100 2.714 33.33 10/03/2016 0.065 0.030 — — 0116WC FOCUS-WC 0.040 — — 0.075 0.100 86.67 06/11/2019
0.095 0.045 — — 5248CI BJAUTO-CI 0.065 — — 2.100 2.300 23.14 29/02/2016 0.800 0.480 — — 7210WA FREIGHT-WA 0.500 — — 1.480 0.970 -0.68 06/01/2017
0.165 0.120 — — 5248CJ BJAUTO-CJ 0.125 — — 2.100 2.400 32.14 18/07/2016 0.145 0.045 — — 9377WA FSBM-WA 0.065 — — 0.150 0.300 143.33 16/05/2022
0.005 0.005 — — 3395CT BJCORP-CT 0.005 — — 0.415 0.580 40.36 13/11/2015 0.945 0.300 0.550 0.545 7161WA FUTUTEC-WA 0.550 Unch 71 1.500 0.880 -4.67 20/12/2017
0.080 0.005 0.025 0.025 3395CU BJCORP-CU 0.025 -0.005 670 0.415 0.430 9.64 31/12/2015 0.150 0.150 — — 539815 GAMUDA-C15 0.150 — — 4.500 4.880 35.11 27/11/2015
0.140 0.010 0.035 0.035 3395CW BJCORP-CW 0.035 -0.005 50 0.415 0.400 2.71 09/12/2015 0.135 0.015 0.050 0.050 539818 GAMUDA-C18 0.050 Unch 50 4.500 4.600 10.00 29/01/2016
0.055 0.005 — — 3395CX BJCORP-CX 0.005 — — 0.415 0.480 16.75 01/12/2015 0.250 0.135 0.180 0.170 539821 GAMUDA-C21 0.170 -0.005 150 4.500 4.300 9.16 29/02/2016
0.090 0.035 0.060 0.055 3395CY BJCORP-CY 0.060 -0.015 174.3 0.415 0.380 6.02 07/03/2016 0.075 0.050 0.060 0.060 539822 GAMUDA-C22 0.060 Unch 560 4.500 5.100 18.67 29/04/2016
0.220 0.095 0.135 0.135 3395WB BJCORP-WB 0.135 Unch 350 0.415 1.000 173.49 22/04/2022 0.050 0.005 — — 5209CR GASMSIA-CR 0.005 — — 2.370 3.100 31.86 31/12/2015
2.550 1.450 1.740 1.690 5196WA BJFOOD-WA 1.740 0.110 6.7 2.500 0.700 -2.40 08/08/2017 0.095 0.005 — — 5209CS GASMSIA-CS 0.015 — — 2.370 2.800 20.68 29/01/2016
0.140 0.025 — — 6025WA BJMEDIA-WA 0.035 — — 0.415 0.870 118.07 16/12/2016 0.120 0.035 — — 5209CT GASMSIA-CT 0.115 — — 2.370 2.500 15.19 30/08/2016
0.075 0.040 0.055 0.050 7187WA BKOON-WA 0.055 0.005 460.9 0.130 0.200 96.15 07/07/2023 0.640 0.130 0.170 0.170 5226WA GBGAQRS-WA 0.170 -0.010 82.7 0.860 1.300 70.93 20/07/2018
0.207 0.092 0.130 0.110 7036WB BORNOIL-WB 0.110 -0.015 8.2 0.210 0.100 0.00 28/02/2018 0.800 0.450 — — 3611WA GBH-WA 0.490 — — 1.480 1.000 0.68 07/04/2020
0.215 0.075 — — 9938WB BRIGHT-WB 0.100 — — 0.420 0.820 119.05 12/01/2019 0.280 0.005 — — 5102WA GCB-WA 0.010 — — 0.890 1.340 51.69 16/02/2016
0.130 0.025 — — 2771CK BSTEAD-CK 0.045 — — 4.040 4.200 8.42 29/04/2016 0.110 0.010 — — 0078CB GDEX-CB 0.080 — — 1.360 1.500 22.06 08/06/2016
0.285 0.035 0.145 0.135 7188WA BTM-WA 0.140 -0.005 2071.9 0.360 0.940 200.00 20/12/2019 1.770 1.030 — — 0078WA GDEX-WA 1.180 — — 1.360 0.150 -2.21 05/02/2016
0.330 0.060 0.185 0.185 7188WB BTM-WB 0.185 -0.005 253.9 0.360 0.200 6.94 23/10/2024 0.145 0.140 — — 471511 GENM-C11 0.145 — — 4.300 4.450 15.63 29/04/2016
0.145 0.025 0.075 0.075 1818C8 BURSA-C8 0.075 0.010 134.4 8.480 8.400 4.36 29/04/2016 0.120 0.030 — — 4715C9 GENM-C9 0.040 — — 4.300 3.800 -6.05 30/10/2015
0.860 0.410 0.645 0.620 7174WA CAB-WA 0.645 0.040 351.7 1.150 0.550 3.91 08/02/2020 2.880 1.500 2.700 2.700 2291WA GENP-WA 2.700 0.070 24.2 10.700 7.750 -2.34 17/06/2019
0.038 0.005 0.010 0.010 5229WA CAP-WA 0.010 0.005 1015 0.100 1.505 1,415 29/12/2016 0.160 0.150 — — 318220 GENTINGC20 0.150 — — 7.420 0.010 17.39 27/11/2015
0.237 0.070 0.210 0.200 0163WA CAREPLS-WA 0.205 0.005 3758.6 0.540 0.320 -2.78 09/08/2016 0.140 0.010 0.030 0.030 318222 GENTINGC22 0.030 Unch 25 7.420 8.600 19.95 31/03/2016
0.720 0.255 — — 7076WA CBIP-WA 0.350 — — 1.980 2.400 38.89 06/11/2019 0.175 0.020 0.020 0.020 318223 GENTINGC23 0.020 -0.005 200 7.420 8.880 20.89 30/12/2015
0.435 0.085 — — 5195WA CENSOF-WA 0.150 — — 0.285 0.460 114.04 18/07/2017 0.135 0.075 — — 318224 GENTINGC24 0.095 — — 7.420 8.000 18.06 08/06/2016
0.450 0.095 — — 5195WB CENSOF-WB 0.135 — — 0.285 0.460 108.77 07/10/2019 0.300 0.220 0.275 0.260 318225 GENTINGC25 0.275 0.015 330 7.420 7.000 12.87 18/07/2016
0.345 0.015 — — 7016WB CHUAN-WB 0.040 — — 0.520 0.500 3.85 06/01/2016 0.250 0.165 0.195 0.185 318226 GENTINGC26 0.195 0.005 1738.5 7.420 8.000 19.64 31/03/2016
0.200 0.010 — — 1023C3 CIMB-C3 0.030 — — 4.610 6.000 32.75 09/12/2015 2.790 0.530 0.885 0.870 3182WA GENTING-WA 0.885 0.010 475.7 7.420 7.960 19.20 18/12/2018
0.025 0.010 0.015 0.010 1023C5 CIMB-C5 0.015 Unch 257.5 4.610 6.000 32.10 25/01/2016 0.250 0.125 0.215 0.210 1147WA GOB-WA 0.210 Unch 567.5 0.590 0.800 71.19 24/12/2019
0.185 0.030 0.035 0.030 1023C6 CIMB-C6 0.030 -0.005 24317 4.610 5.400 20.07 30/12/2015 0.115 0.020 — — 0074WA GOCEAN-WA 0.045 — — 0.105 0.340 266.67 07/08/2019
0.090 0.035 0.055 0.050 1023C7 CIMB-C7 0.055 Unch 105 4.610 5.650 27.33 15/04/2016 0.055 0.025 0.035 0.035 7096WA GPA-WA 0.035 Unch 640 0.110 0.100 22.73 03/06/2025
0.225 0.145 — — 1023C8 CIMB-C8 0.180 — — 4.610 5.000 24.08 18/07/2016 0.155 0.060 — — 7022CE GTRONIC-CE 0.085 — — 6.220 6.100 6.27 11/03/2016
0.185 0.145 0.150 0.145 1023C9 CIMB-C9 0.150 -0.005 235 4.610 5.100 23.64 29/04/2016 0.260 0.045 0.060 0.050 7022CF GTRONIC-CF 0.060 0.010 4997.7 6.220 6.500 8.36 01/12/2015
0.245 0.180 — — 53511 CITIGRPC11 0.245 — — 233.69 206.42 9.30 27/11/2015 0.189 0.060 0.150 0.150 7676WB GUNUNG-WB 0.150 Unch 83.3 0.460 0.400 19.57 02/10/2020
0.280 0.040 — — 2852CJ CMSB-CJ 0.155 — — 5.320 4.050 -3.48 30/10/2015 0.120 0.005 — — 1503CA GUOCO-CA 0.005 — — 1.360 1.600 18.38 13/11/2015
0.305
0.190
0.120
0.055
0.085
0.100
—
0.105
—
—
0.105
—
2852CL
2852CM
2852CN
CMSB-CL
CMSB-CM
CMSB-CN
0.060
0.105
0.105
—
-0.005
—
—
299.2
—
5.320
5.320
5.320
4.900
5.200
5.000
-2.71
11.56
9.77
02/11/2015
08/06/2016
08/06/2016
0.115
0.425
0.395
0.010
0.050
0.200
—
0.350
—
—
0.340
—
7253WA
3034CK
3034CM
HANDAL-WA
HAPSENG-CK
HAPSENG-CM
0.010
0.340
0.380
—
-0.005
—
—
240
—
0.330
6.050
6.050
0.860
3.900
5.000
163.64
-1.82
4.63
05/04/2016
29/02/2016
29/01/2016
Bu
0.225 0.190 0.220 0.215 2852CO CMSB-CO 0.220 0.005 256 5.320 5.300 20.30 31/03/2016 0.335 0.145 — — 3034CN HAPSENG-CN 0.305 — — 6.050 5.000 2.81 30/08/2016
0.210
0.130
0.130
0.020
—
—
—
—
5071CH
5071CJ
COASTAL-CH
COASTAL-CJ
0.145
0.020
—
—
—
—
2.040
2.040
2.800
3.400
72.79
70.59
30/12/2015
10/03/2016
4.610 1.960 4.400 4.400 3034WA HAPSENG-WA 4.400 0.090 2.5 6.050 1.650 0.00 09/08/2016 Ma
0.595 0.195 — — 5168CN HARTA-CN 0.550 — — 5.210 7.000 97.70 27/11/2015
0.125 0.005 — — 5071CK COASTAL-CK 0.015 — — 2.040 3.000 50.00 15/01/2016 0.390 0.050 — — 5168CO HARTA-CO 0.390 — — 5.210 7.480 103.45 29/01/2016
0.010 0.005 0.005 0.005 5071CL COASTAL-CL 0.005 Unch 50 2.040 3.150 55.39 29/02/2016
Y
0.530 0.160 — — 5168CP HARTA-CP 0.465 — — 5.210 8.800 104.61 15/04/2016 H
1.450 0.140 0.290 0.280 5071WA COASTAL-WA 0.280 -0.005 109 2.040 3.180 69.61 18/07/2016 0.175 0.155 0.170 0.165 5168CQ HARTA-CQ 0.170 0.010 30 5.210 4.780 21.11 28/10/2016
0.405 0.160 0.270 0.260 2127WA COMFORT-WA 0.260 Unch 702 0.790 0.500 -3.80 18/12/2015 1.120 0.625 1.120 1.100 5095WB HEVEA-WB 1.110 0.010 438.5 1.370 0.250 -0.73 28/02/2020
0.200 0.070 0.105 0.100 0102WA CONNECT-WA 0.100 Unch 2338.7 0.200 0.100 0.00 17/09/2021 0
0.295 0.030 — — 5072WA HIAPTEK-WA 0.090 — — 0.295 0.690 164.41 09/01/2017 1
0.035 0.010 0.030 0.030 5214WA CSL-WA 0.030 Unch 350 0.115 1.150 926.09 18/09/2017 0.130 0.050 — — 5819CL HLBANK-CL 0.050 — — 13.980 14.000 5.51 15/12/2015
0.185 0.040 0.060 0.050 0051WA CUSCAPI-WA 0.060 0.010 703 0.155 0.270 112.90 24/04/2018 0
0.165 0.120 — — 3301CE HLIND-CE 0.165 — — 6.270 4.480 -2.23 29/01/2016 0
0.075 0.015 — — 5141CQ DAYANG-CQ 0.015 — — 1.700 2.800 67.35 09/12/2015 0.280 0.155 — — 3301CF HLIND-CF 0.230 — — 6.270 4.500 -6.22 10/03/2016
0.035 0.005 — — 7179WA DBE-WA 0.005 — — 0.045 0.100 133.33 22/03/2016 0
0.240 0.115 — — 3301CG HLIND-CG 0.190 — — 6.270 5.300 -1.83 01/12/2015 0
0.360 0.150 0.205 0.200 7212WA DESTINI-WA 0.205 Unch 351 0.590 0.400 2.54 03/10/2016 0.975 0.370 — — 5169WA HOHUP-WA 0.520 — — 0.965 0.600 16.06 21/12/2018
0.040 0.020 0.030 0.030 0152WA DGB-WA 0.030 0.005 200 0.070 0.110 100.00 22/04/2018 0
0.370 0.160 0.300 0.295 7213WB HOVID-WB 0.295 0.005 1182.7 0.490 0.180 -3.06 05/06/2018 0
0.115 0.115 — — 7277C5 DIALOG-C5 0.115 — — 1.600 1.500 11.72 29/07/2016 0.865 0.365 0.530 0.500 65110 HSI-C10 0.500 -0.045 260 12,552 24,800 101.16 26/02/2016
0.620 0.255 — — 7277WA DIALOG-WA 0.410 — — 1.600 1.190 0.00 10/02/2017 0
0.715 0.165 0.300 0.275 65111 HSI-C11 0.280 -0.020 15923 12,552 26,200 110.73 26/02/2016 0
0.200 0.010 — — 6947C1 DIGI-C1 0.025 — — 5.260 5.800 14.07 13/11/2015 1.320 0.665 — — 65112 HSI-C12 1.160 — — 12,552 23,000 91.55 30/03/2016
0.125 0.020 0.030 0.030 6947C3 DIGI-C3 0.030 Unch 109 5.260 5.600 11.03 29/01/2016 0
1.790 0.975 1.570 1.520 65113 HSI-C13 1.520 -0.160 8.4 12,552 21,600 82.98 30/03/2016 0
0.140 0.020 0.025 0.025 6947C5 DIGI-C5 0.025 -0.005 40 5.260 6.200 19.53 30/12/2015 2.140 1.410 — — 65114 HSI-C14 2.100 — — 12,552 20,200 75.98 30/03/2016
0.135 0.075 0.090 0.090 6947C6 DIGI-C6 0.090 Unch 30 5.260 5.400 9.51 15/04/2016 0
0.020 0.005 0.010 0.005 7013WA HUBLINE-WA 0.010 0.005 1072.5 0.015 0.200 1,300 04/11/2019 0
0.125 0.095 0.095 0.095 6947C7 DIGI-C7 0.095 -0.005 0.8 5.260 5.000 9.51 18/07/2016 0.140 0.035 — — 5000CA HUMEIND-CA 0.035 — — 3.480 3.980 22.41 29/01/2016
0.205 0.055 0.070 0.070 0029WA DIGISTA-WA 0.070 -0.005 0.7 0.200 0.130 0.00 07/02/2017 0
0.080 0.005 — — 9601WC HWGB-WC 0.070 — — 0.075 0.200 260.00 22/09/2016 0
0.170 0.045 — — 0029WB DIGISTA-WB 0.070 — — 0.200 0.260 65.00 04/04/2023 0.555 0.190 0.205 0.205 4251WA IBHD-WA 0.205 -0.010 15 0.540 1.410 199.07 08/10/2019
0.060 0.060 — — 5835WC DOLMITE-WC 0.060 — — 0.295 0.500 89.83 08/08/2017 0
0.135 0.005 — — 5255CA ICON-CA 0.005 — — 0.350 1.400 302.86 13/11/2015 0
0.350 0.215 0.255 0.235 7169WA DOMINAN-WA 0.255 0.005 143.6 1.170 1.300 32.91 10/09/2020 0.595 0.245 0.400 0.370 0081WA IDEAL-WA 0.395 0.025 87.7 0.515 0.100 -3.88 29/04/2019
0.085 0.015 0.045 0.035 7198WA DPS-WA 0.040 0.005 790 0.115 0.540 404.35 03/01/2018 0
1.760 0.335 0.810 0.790 0023WA IFCAMSC-WA 0.790 -0.010 797.7 0.905 0.100 -1.66 15/02/2016 0
0.080 0.030 0.065 0.055 7198WB DPS-WB 0.065 0.010 1851.2 0.115 0.100 43.48 15/01/2025 0.140 0.045 0.100 0.100 5225CW IHH-CW 0.100 Unch 8 6.310 6.000 4.60 29/04/2016
0.095 0.005 — — 161910 DRBHCOMC10 0.005 — — 1.340 1.880 41.79 30/11/2015 0
0.165 0.100 — — 5225CX IHH-CX 0.160 — — 6.310 5.500 7.45 07/04/2016 1
0.195 0.005 — — 161911 DRBHCOMC11 0.005 — — 1.340 1.800 35.07 15/12/2015 0.180 0.020 0.045 0.040 3336CV IJM-CV 0.045 0.005 420 3.320 3.350 4.97 27/11/2015
0.005 0.005 — — 161913 DRBHCOMC13 0.005 — — 1.340 1.900 42.54 15/01/2016 0
0.055 0.005 — — 3336CW IJM-CW 0.045 — — 3.320 3.940 20.71 31/05/2016 0
0.070 0.035 — — 161914 DRBHCOMC14 0.035 — — 1.340 1.600 24.63 29/04/2016 0.150 0.060 — — 2216CD IJMPLNT-CD 0.070 — — 3.510 3.700 13.39 10/03/2016
0.065 0.020 0.025 0.025 161915 DRBHCOMC15 0.025 Unch 130 1.340 1.750 34.89 29/01/2016 0
0.280 0.160 — — 0166CE INARI-CE 0.265 — — 3.570 2.415 2.79 30/12/2015 0
0.110 0.055 0.075 0.075 161916 DRBHCOMC16 0.075 Unch 20 1.340 1.400 15.67 30/08/2016 0.190 0.085 — — 0166CF INARI-CF 0.145 — — 3.570 3.300 12.75 25/01/2016
0.080 0.050 — — 161917 DRBHCOMC17 0.065 — — 1.340 1.450 15.49 29/04/2016 0
0.145 0.065 — — 0166CG INARI-CG 0.100 — — 3.570 3.380 11.48 28/04/2016 0
0.300 0.035 0.265 0.250 5216CB DSONIC-CB 0.260 Unch 664.4 1.490 1.250 10.07 25/01/2016 0.170 0.050 0.085 0.080 0166CH INARI-CH 0.080 -0.010 4184.7 3.570 3.400 5.32 01/12/2015
0.200 0.065 0.180 0.165 5216CD DSONIC-CD 0.165 -0.005 237 1.490 1.180 6.88 28/04/2016 0
0.220 0.150 0.190 0.190 0166CI INARI-CI 0.190 Unch 5 3.570 2.900 7.84 08/06/2016 1
0.090 0.020 0.080 0.065 5216CE DSONIC-CE 0.070 Unch 7612.7 1.490 1.450 12.35 01/12/2015 0.220 0.170 — — 0166CJ INARI-CJ 0.205 — — 3.570 3.300 15.41 18/07/2016
0.345 0.100 0.295 0.280 5216CF DSONIC-CF 0.295 0.020 542.3 1.490 1.000 6.71 19/02/2016 0
0.185 0.150 — — 0166CK INARI-CK 0.185 — — 3.570 3.380 25.77 28/10/2016 0
0.110 0.100 0.105 0.105 5216CG DSONIC-CG 0.105 0.005 20 1.490 1.580 34.23 28/10/2016 0.130 0.110 — — 0166CL INARI-CL 0.120 — — 3.570 3.580 27.17 28/10/2016
0.085 0.065 0.085 0.080 5216CH DSONIC-CH 0.080 Unch 465 1.490 1.700 37.18 29/04/2016 0
3.450 1.773 — — 0166WA INARI-WA 3.260 — — 3.570 0.330 0.56 04/06/2018 0
0.085 0.035 0.040 0.040 3417C1 E&O-C1 0.040 -0.005 400 1.590 1.800 20.75 29/01/2016 1.780 1.020 1.650 1.610 0166WB INARI-WB 1.610 -0.040 440.1 3.570 2.000 1.12 17/02/2020
0.120 0.120 — — 3417CW E&O-CW 0.120 — — 1.590 2.346 64.67 30/11/2015 0
0.045 0.005 0.010 0.005 0034WA INGENCO-WA 0.005 -0.005 930 0.065 0.100 61.54 18/07/2016 0
0.185 0.020 — — 3417CX E&O-CX 0.020 — — 1.590 1.891 23.50 30/12/2015 0.425 0.150 0.230 0.225 3379WB INSAS-WB 0.230 Unch 265.9 0.800 1.000 53.75 25/02/2020
0.105 0.010 — — 3417CY E&O-CY 0.015 — — 1.590 1.961 26.10 15/01/2016 0
0.095 0.015 0.060 0.045 0069WB INSTACO-WB 0.050 -0.010 35828.4 0.220 0.310 63.64 07/09/2018 0
0.095 0.055 — — 3417CZ E&O-CZ 0.060 — — 1.590 1.814 25.17 08/06/2016 0.200 0.030 0.160 0.145 0069WC INSTACO-WC 0.150 -0.010 3781.6 0.220 0.130 27.27 22/01/2020
0.220 0.095 — — 3417HB E&O-HB 0.160 — — 1.590 1.891 41.79 30/11/2015 0
0.090 0.015 — — 1961C6 IOICORP-C6 0.060 — — 4.260 4.300 9.39 31/03/2016 0
0.550 0.160 0.215 0.210 3417WB E&O-WB 0.215 -0.045 30.6 1.590 2.600 77.04 21/07/2019 0.195 0.070 0.070 0.070 1961C7 IOICORP-C7 0.070 -0.125 0.1 4.260 4.200 3.52 29/01/2016
0.030 0.005 — — 0154WA EAH-WA 0.005 — — 0.100 0.250 155.00 07/12/2015 0
0.165 0.100 — — 1961C8 IOICORP-C8 0.145 — — 4.260 4.000 7.51 15/04/2016 0
0.071 0.020 0.050 0.050 0154WB EAH-WB 0.050 -0.005 1192.5 0.100 0.120 70.00 24/02/2019 0.090 0.010 0.025 0.025 5249CF IOIPG-CF 0.025 -0.005 300 2.020 2.188 13.15 31/12/2015
0.086 0.025 0.060 0.055 0154WC EAH-WC 0.055 -0.005 128.5 0.100 0.100 55.00 18/06/2019 0
0.090 0.020 0.030 0.025 5249CH IOIPG-CH 0.025 0.005 150 2.020 2.080 9.16 30/12/2015 0
0.215 0.080 0.135 0.105 3557WC ECOFIRS-WC 0.135 0.005 12.1 0.280 0.300 55.36 10/09/2019 0.160 0.035 0.055 0.055 5249CI IOIPG-CI 0.055 -0.030 800 2.020 2.200 14.36 10/03/2016
0.120 0.015 0.045 0.040 8206CB ECOWLD-CB 0.040 -0.010 173.6 1.370 1.680 29.93 30/06/2016 0
0.145 0.060 0.080 0.080 5249CJ IOIPG-CJ 0.080 -0.045 20 2.020 2.000 11.29 29/01/2016 0
0.850 0.305 0.430 0.420 8206WA ECOWLD-WA 0.425 -0.015 242.7 1.370 2.080 82.85 26/03/2022 0.395 0.150 0.180 0.170 8834WB IREKA-WB 0.180 0.010 160 0.645 1.000 82.95 25/06/2019
0.225 0.040 — — 1368CA EDGENTA-CA 0.130 — — 3.330 3.076 6.92 13/11/2015 0
0.145 0.040 0.055 0.050 7183WA IRETEX-WA 0.055 Unch 50.1 0.290 0.800 194.83 10/06/2019 0
0.210 0.115 — — 1368CB EDGENTA-CB 0.115 — — 3.330 3.400 15.92 29/02/2016 0.260 0.050 0.095 0.090 0010WA IRIS-WA 0.095 Unch 60 0.250 0.150 -2.00 24/06/2016
0.135 0.035 0.040 0.040 1368CC EDGENTA-CC 0.040 Unch 12230 3.330 3.900 22.52 30/12/2015 0
0.265 0.020 0.100 0.090 0010WB IRIS-WB 0.095 Unch 1124.5 0.250 0.150 -2.00 20/04/2016 0
0.325 0.115 0.180 0.175 0107WA EDUSPEC-WA 0.180 Unch 241.7 0.310 0.180 16.13 24/12/2018 0.190 0.070 0.085 0.080 5175WA IVORY-WA 0.085 Unch 265 0.370 0.750 125.68 26/04/2017
0.350 0.115 0.330 0.320 0065WA EFORCE-WA 0.330 Unch 22.9 0.625 0.680 61.60 17/07/2019 0
0.145 0.035 — — 0024WA JAG-WA 0.065 — — 0.110 0.100 50.00 14/08/2019 0
0.600 0.600 — — 5081WA EIG-WA 0.600 — — 0.900 0.500 22.22 03/01/2017 0.205 0.075 — — 9083WB JETSON-WB 0.110 — — 0.345 0.750 149.28 06/02/2019
0.045 0.020 0.035 0.030 7182WA EKA-WA 0.035 Unch 81.1 0.125 0.200 88.00 22/01/2019 0
0.155 0.050 — — 8923WA JIANKUN-WA 0.100 — — 0.240 0.320 75.00 23/12/2021 0
0.560 0.180 — — 8877WB EKOVEST-WB 0.320 — — 0.960 1.350 73.96 25/06/2019 0.495 0.120 0.495 0.475 7167WA JOHOTIN-WA 0.485 0.015 2516.6 2.190 2.280 26.26 21/11/2017
0.530 0.040 — — 6076WA ENCORP-WA 0.065 — — 0.770 1.000 38.31 17/03/2016 0
0.090 0.005 — — 4383CD JTIASA-CD 0.005 — — 1.220 1.800 48.36 31/03/2016 0
0.310 0.140 — — 7149WA ENGKAH-WA 0.230 — — 1.990 3.500 87.44 25/09/2017 0.185 0.140 0.140 0.140 4383CE JTIASA-CE 0.140 -0.020 38.8 1.220 1.100 13.11 18/07/2016
0.593 0.300 0.400 0.380 5056WA ENGTEX-WA 0.390 -0.005 410 1.110 0.830 9.91 25/10/2017 0
0.430 0.025 0.070 0.065 0111WB K1-WB 0.065 Unch 992.7 0.295 0.220 -3.39 11/12/2015 0
0.680 0.140 0.410 0.375 7249WA EWEIN-WA 0.405 0.020 1410.8 0.965 0.610 5.18 09/06/2017 0.360 0.150 — — 5247CE KAREX-CE 0.330 — — 3.500 2.467 1.91 27/11/2015
0.190 0.060 — — 7047WB FAJAR-WB 0.125 — — 0.490 0.700 68.37 24/09/2019 0
0.240 0.030 0.170 0.170 5247CH KAREX-CH 0.170 0.010 30 3.500 3.000 1.90 31/03/2016 0
0.230 0.085 0.170 0.155 9776WB FARMBES-WB 0.170 Unch 7.8 0.600 1.000 95.00 13/07/2018 0.195 0.120 0.180 0.170 5247CJ KAREX-CJ 0.180 0.005 705 3.500 3.250 10.86 29/02/2016
0.230 0.125 — — 56010 FB-C10 0.230 — — 442.22 326.32 5.00 29/02/2016 0
1.840 0.487 1.760 1.690 7216WA KAWAN-WA 1.690 -0.070 46 2.690 0.930 -2.60 28/07/2016 0
0.130 0.130 — — 56011 FB-C11 0.130 — — 442.22 430.05 11.94 29/09/2016 0.030 0.010 0.020 0.015 3115WC KBUNAI-WC 0.020 Unch 104 0.055 0.131 174.55 20/10/2023
0.545 0.100 0.295 0.270 0650C1 FBMKLCI-C1 0.290 0.010 2142.5 1,665 1,740 7.94 30/12/2015 2
0.185 0.015 0.035 0.030 8303WA KFM-WA 0.035 Unch 30.2 0.145 0.510 275.86 19/10/2016 0
0.795 0.420 0.595 0.580 65010 FBMKLCI-C10 0.590 0.005 1600 1,665 1,720 10.34 29/02/2016 0.500 0.260 0.445 0.445 5171WA KIMLUN-WA 0.445 0.015 63.4 1.320 1.680 60.98 12/03/2024
0.300 0.140 0.235 0.230 65011 FBMKLCI-C11 0.235 Unch 420 1,665 1,600 3.11 29/02/2016 0
0.275 0.065 0.110 0.105 7164WA KNM-WA 0.110 Unch 445.5 0.530 0.980 105.66 15/11/2017 0
0.320 0.130 0.240 0.230 65012 FBMKLCI-C12 0.240 0.005 3564.1 1,665 1,520 1.34 31/03/2016 0.240 0.090 0.140 0.130 7164WB KNM-WB 0.140 0.005 171.2 0.530 1.000 115.09 21/04/2020
1.030 0.685 0.845 0.830 65013 FBMKLCI-C13 0.840 -0.160 1032 1,665 1,560 6.26 31/03/2016 0
0.415 0.130 0.350 0.320 7017WB KOMARK-WB 0.340 0.015 346.1 0.610 0.300 4.92 21/01/2020 0
0.525 0.450 — — 65014 FBMKLCI-C14 0.525 — — 1,665 1,500 2.60 17/03/2016 0.140 0.130 0.130 0.130 7153CJ KOSSAN-CJ 0.130 Unch 2 8.150 8.000 20.49 28/10/2016
0.530 0.440 0.440 0.440 65015 FBMKLCI-C15 0.440 -0.090 10 1,665 1,575 5.07 17/03/2016 2
0.745 0.380 0.585 0.525 5878WB KPJ-WB 0.530 -0.005 140.6 4.270 4.010 6.32 23/01/2019 0
 M O N DAY N OV E MBE R 2, 2015 • T HEED G E FINA NCIA L DA ILY
Markets 3 7
B U R S A M A L AY S I A E Q U I T Y D E R I VAT I E S

RY
ATE Wall Street week ahead — The broad transport index, such as FreightCar America Inc, production forecast by 14% last pan was up 0.1%, poised to lose
016 Battered transport stocks made up of 20 stocks that track XPO Logistics Inc and Atlas Air Thursday, citing further deteriora- 2.3% for the week but gain more
016
015 could attract on price the biggest US railroads, trucking Worldwide Holdings Inc, could tion in truck freight volumes and than 7% for October.
and airline companies, is selling post falling revenues and flat to continued weak trucker pricing. The Nikkei stock index slipped
016
016
NEW YORK: Though the stock at a trailing price-earnings ratio of negative earnings. “The downtrends there are very briefly after the Bank of Japan
016
016
016
016 market has broadly recovered from 16.7 compared with 20.42 for the The Dow Theory, a decades-old much intact,” said Stockton. “I think (BoJ) stood pat and then regained
016
016 its August swoon, the same can’t S&P and down from the 19 level method of market timing, holds that that would be a pocket of weak- its composure to end up 0.8%
016
016 be said of transport stocks. Con- where it started the year. a broad index reaching a new high, ness for the transportation sector at a more than two-month high,
016
016 tinuing weakness in railroad and “For investors who have a longer such as the S&P did in May, should that for now you’d want to avoid.” buoyed by a media report that the
015
016 trucking companies have pushed time horizon, that is more than a be viewed skeptically unless it is government is considering a sup-
016
016 the Dow Jones Transport Average couple of months, we think the rail- confirmed by the transport index Global markets — Asian shares plementary budget of over US$25
015
015 Index away from the S&P 500, a road stocks present compelling op- — not the case this year. poised for best month since Jan billion.The Nikkei rose 1.4% for
015
016 divergence that often is seen as portunities,” said Keith Schoonmak- That divergence is expected 2012 the week and jumped 9.7% for
016
016 a broad sell sign. er, director of industrial research at to persist. Though the transport the month, the best monthly gain
016
016 Not this time around, according Morningstar in Chicago. index is often seen as a powerful TOKYO: Asian shares edged high- in two years.
016
016 to analysts. They say the trans- “There aren’t going to be com- reading on the broader economy, er last Friday and were on track for The BoJ’s decision to keep
016
016 ports, down 11% in 2015 com- petitors encroaching upon their it is down this year as a function their biggest monthly rise since monetary policy steady was in
016
016 pared with the S&P 500’s 1.5% returns and they have a cost ad- of specific problems. January 2012, as global central line with most expectations, but
016
016 gain, might be oversold on sec- vantage over trucking companies,” Also, the transport industry is banks kept stimulative policies intact some investors had speculated the
016
016 tor-specific issues rather than from Schoonmaker said. less indicative of broad econom- and many hinted at further steps to central bank would deliver some
016
015
a marketwide problem. He singled out Union Pacific ic weakness than it might have re-energise their economies. additional steps to support Japan’s
016
016
“There is no ‘sell’ signal as far as Corp for its diversified revenue been in earlier decades, when That has helped soothe inves- economy. The BoJ also trimmed
016
015
I’m concerned,” said Katie Stock- portfolio and strong management manufacturing and shipping were tors’ fears of the prospect of high- its price and growth forecasts last
015
015
ton, chief technical strategist at team and said the stock has a fair a bigger part of the US economy, er borrowing costs in the United Friday, and many still expect it to
015
015
BTIG in New York. “The divergence value of US$110. Union Pacific said BTIG’s Stockton. States as the US Federal Reserve eventually deliver more easing.
016
016
is certainly something to make a traded at US$89.30 last Friday. Commodities, a key part of (Fed) prepares to tighten rates, “The BoJ will probably wait to
016
016
note of, in terms of your position- UPS and FedEx, down roughly the rail business, remain beaten possibly by year-end. see whether the Fed may move
016
016
ing in the transportation sector, 7% and 10% this year, respectively, down. While airlines have added European shares were set to in December, before deciding to
016
016
but I don’t see it as a message in as they head into the holiday shop- capacity likely to reward them in open on the bright side, with finan- ease further,” said Hiromachi Shi-
017
015
regard to the broader market.” ping season, their most profitable the future, they are facing a short- cial spreadbetters expecting Brit- rakawa, chief economist at Credit
016
016
Analysts point to specific trans- quarter, could be bargains, said Art term price war. Trucking firms, ain’s FTSE 100 to open as much Suisse Securities Japan.
016
016
ports, such as United Parcel Ser- Hogan, chief market strategist at meanwhile, might be the weakest as 0.3% higher, Germany’s DAX “As such I expect further easing
016
016
vice Inc, FedEx Corp, and hard-hit Wunderlich Securities in New York. going forward. 0.6%, and France’s CAC 40 0.4%. by the BoJ may come in January at
015
018
railroads, down 25.1% this year, A handful of transport compa- Goldman Sachs slashed its MSCI’s broadest index of the earliest but it will more likely to
019
017
as places to bargain hunt. nies reporting results this week, 2015-2017 North America truck Asia-Pacific shares outside Ja- happen in April,” he said— Reuters
019
016
019
017 Dow Jones FTSE 100 Shanghai Composite Nikkei 225
022
017 Index points Index points Index points Index points
015 5800
18580 7200 20800
016
016
3,382.56
016 -4.15
015 4825 (-0.14%)
016
16310 6590 17625
016 5,405.94
018
020 14040 5980 3850 14450
016 10,403.79 17,663.54 10,172.06
016 -92.26 6,361.09 3,087.842
016 (-0.52%) -34.71
016 11770 5370 2875 11275 19,083.10
(-0.54%)
015 +147.39
019 (+0.78%)
015
016 9500 4760 1900 8100
015
016 Mar 1, 2010 Oct 30, 2015 Mar 1, 2010 Oct 30, 2015 Mar 1, 2010 Oct 30, 2015 Mar 1, 2010 Oct 30, 2015
016
016
018
019
019
025
016
015
020
015
016
016
016
Bursa Malaysia Equity Derivatives YEAR
HIGH
YEAR
LOW
DAY
HIGH
DAY
LOW
CODE WARRANTS CLOSE
(RM)
+/-
(RM)
VOL PARENT
(‘000)
EXE
PRICE PRICE
PR’M
(%)
EXPIRY
DATE
016 0.140 0.070 0.105 0.105 7498WB RALCO-WB 0.105 -0.010 1.2 0.830 1.000 33.13 13/12/2019
016 Main Market & Ace Market Warrants 0.190
0.090
0.030
0.020
0.055
0.035
0.055
0.030
5256WA
0133WB
REACH-WA
SANICHI-WB
0.055
0.030
-0.005
-0.010
326
61
0.635 0.750
0.070 0.100
26.77
85.71
12/08/2022
13/03/2018
015
016 0.065 0.020 0.030 0.030 0133WC SANICHI-WC 0.030 Unch 10.8 0.070 0.100 85.71 24/09/2019
YEAR YEAR DAY DAY CODE WARRANTS CLOSE +/- VOL PARENT EXE PR’M EXPIRY 0.605 0.090 0.200 0.195 7073WA SEACERA-WA 0.195 -0.020 352 0.770 1.000 55.19 16/05/2017
016 HIGH LOW HIGH LOW (RM) (RM) (‘000) PRICE PRICE (%) DATE
016 0.135 0.005 0.025 0.025 521812 SKPETROC12 0.025 -0.005 40 2.110 2.600 27.96 31/03/2016
020 1.050 0.205 0.805 0.800 7155WA SKPRES-WA 0.805 -0.005 940.5 1.410 0.550 -3.90 27/06/2017
0.110 0.005 0.005 0.005 5038CE KSL-CE 0.005 -0.025 0.1 1.570 2.100 34.65 01/12/2015 0.710 0.060 0.220 0.210 0117WA SMRT-WA 0.220 0.005 758.4 0.330 0.180 21.21 01/08/2017
017 1.570 0.550 0.750 0.750 5038WA KSL-WA 0.750 -0.030 0.7 1.570 0.800 -1.27 19/08/2016
015 0.260 0.045 0.085 0.080 5241WA SONA-WA 0.085 Unch 3385.3 0.450 0.350 -3.33 30/07/2018
0.905 0.280 0.610 0.505 2003WC KULIM-WC 0.610 0.095 413.1 3.330 2.770 1.50 26/02/2016 0.110 0.040 0.055 0.055 0129WA SRIDGE-WA 0.055 0.005 5 0.145 0.180 62.07 24/02/2023
016 0.495 0.260 0.450 0.435 8494WA LBICAP-WA 0.450 0.005 28.8 1.490 1.000 -2.68 17/04/2018
016 0.170 0.065 0.115 0.100 7143WA STONE-WA 0.100 -0.010 470 0.270 0.300 48.15 21/06/2020
0.360 0.245 0.265 0.245 5789WB LBS-WB 0.265 0.005 808.5 1.430 1.250 5.94 04/10/2020 0.265 0.045 0.085 0.080 1201WB SUMATEC-WB 0.085 0.005 1046.1 0.155 0.175 67.74 13/11/2018
015 0.150 0.055 0.070 0.070 8745WB LEWEKO-WB 0.070 -0.005 50 0.140 0.200 92.86 08/09/2020
018 0.075 0.075 0.075 0.075 5211CN SUNWAY-CN 0.075 -0.075 40 3.100 2.943 4.63 30/12/2015
0.290 0.150 0.205 0.205 7126WA LONBISC-WA 0.205 Unch 31 0.810 1.000 48.77 26/01/2020 1.260 0.690 0.860 0.840 5211WA SUNWAY-WA 0.840 Unch 34.2 3.100 2.250 -0.32 17/08/2016
018 0.060 0.025 0.035 0.035 5068WA LUSTER-WA 0.035 Unch 171.7 0.085 0.100 58.82 03/06/2022
016 0.225 0.025 0.060 0.050 7106C1 SUPERMX-C1 0.060 0.005 6000.5 2.250 2.250 6.40 01/12/2015
0.300 0.240 0.270 0.255 7617WB MAGNA-WB 0.265 -0.005 358 0.900 0.900 29.44 04/09/2020 0.300 0.075 0.180 0.175 7106C2 SUPERMX-C2 0.180 0.005 184 2.250 2.100 9.33 11/03/2016
016 0.050 0.015 0.030 0.030 8583CZ MAHSING-CZ 0.030 0.015 20 1.320 1.680 30.91 31/03/2016
016 0.280 0.170 0.215 0.205 7106C5 SUPERMX-C5 0.215 0.010 270 2.250 2.100 12.44 18/07/2016
0.380 0.145 0.185 0.175 8583WB MAHSING-WB 0.185 Unch 170.1 1.320 1.440 23.11 16/03/2018 0.145 0.085 0.115 0.105 7106C6 SUPERMX-C6 0.115 0.010 2451.5 2.250 2.200 16.18 29/04/2016
016 0.300 0.100 0.145 0.135 8583WC MAHSING-WC 0.145 0.005 33.8 1.320 2.100 70.08 21/02/2020
016 0.185 0.040 0.090 0.080 7106CZ SUPERMX-CZ 0.080 -0.005 12396.3 2.250 2.180 7.56 29/01/2016
0.080 0.025 0.030 0.025 5264CE MALAKOF-CE 0.025 -0.005 306 1.710 1.950 19.15 30/12/2015 0.250 0.115 0.190 0.180 7082WB SYF-WB 0.180 Unch 1023.9 0.485 0.700 81.44 11/11/2019
019 0.110 0.010 0.040 0.040 5264CH MALAKOF-CH 0.040 -0.005 205 1.710 2.000 21.64 19/02/2016
016 0.460 0.200 0.230 0.225 1538WB SYMLIFE-WB 0.225 -0.050 10 0.755 1.100 75.50 11/11/2020
0.130 0.005 0.025 0.015 5264CI MALAKOF-CI 0.015 -0.010 460 1.710 1.800 7.02 20/11/2015 0.205 0.010 0.020 0.010 4898CE TA-CE 0.020 Unch 250.1 0.625 0.800 31.20 11/03/2016
016 0.400 0.135 0.195 0.185 6181WB MALTON-WB 0.195 Unch 16 0.780 1.000 53.21 29/06/2018
019 1.810 0.480 0.830 0.830 5191WA TAMBUN-WA 0.830 -0.005 1.6 1.410 0.600 1.42 30/05/2017
0.070 0.020 0.045 0.040 6012CQ MAXIS-CQ 0.040 Unch 40 6.590 7.200 11.68 30/06/2016 0.135 0.045 0.060 0.060 0132WA TDEX-WA 0.060 -0.010 40 0.120 0.110 41.67 21/09/2018
015 0.045 0.015 0.020 0.020 5189WA MAXWELL-WA 0.020 Unch 538 0.100 0.400 320.00 24/03/2020
019 0.200 0.045 0.120 0.105 534720 TENAGA-C20 0.115 -0.005 1717 12.660 13.000 9.50 29/01/2016
0.155 0.050 0.065 0.065 115511 MAYBANKC11 0.065 -0.005 400 8.260 8.000 4.72 29/02/2016 0.350 0.205 0.335 0.315 534723 TENAGA-C23 0.335 -0.005 60 12.660 11.000 5.41 07/03/2016
016 0.235 0.145 0.175 0.170 115515 MAYBANKC15 0.170 Unch 3602.5 8.260 8.800 13.74 07/03/2016
016 1.200 0.360 0.690 0.680 7252WA TEOSENG-WA 0.680 -0.010 88 0.680 1.350 198.53 29/01/2020
0.065 0.065 0.065 0.065 115517 MAYBANKC17 0.065 Unch 1300 8.260 8.200 7.14 18/07/2016 0.240 0.025 0.035 0.030 7228WA TGOFFS-WA 0.035 0.010 31.8 0.400 0.500 33.75 07/04/2016
016 1.610 0.390 0.690 0.650 1171WA MBSB-WA 0.650 -0.030 23.7 1.620 1.000 1.85 31/05/2016
015 1.220 0.600 0.875 0.800 7034WA TGUAN-WA 0.875 0.075 148.7 2.120 1.500 12.03 09/10/2019
0.125 0.045 0.055 0.055 5040WB MEDAINC-WB 0.055 -0.005 5 0.590 0.600 11.02 22/04/2022 0.180 0.115 0.120 0.115 7889WB THRIVEN-WB 0.115 Unch 35.3 0.410 0.640 84.15 05/10/2020
016 0.110 0.005 0.050 0.050 5040WC MEDAINC-WC 0.050 -0.005 1 0.590 0.800 44.07 24/08/2024
016 0.050 0.015 0.020 0.020 7079WB TIGER-WB 0.020 Unch 730 0.090 0.200 144.44 23/12/2018
0.405 0.150 0.215 0.185 1694WB MENANG-WB 0.200 0.005 344.6 0.645 1.000 86.05 09/07/2019 0.165 0.030 0.060 0.060 4863C6 TM-C6 0.060 Unch 200 6.660 7.000 9.61 29/04/2016
015 0.055 0.015 0.025 0.025 0075WA MEXTER-WA 0.025 Unch 20 0.085 0.130 82.35 17/09/2018
016 0.200 0.105 0.130 0.130 0101WB TMCLIFE-WB 0.130 Unch 168 0.555 0.750 58.56 21/06/2019
0.140 0.020 0.060 0.050 5186CX MHB-CX 0.055 -0.005 1583.1 1.100 1.250 23.64 29/04/2016 0.050 0.015 0.025 0.025 0060WA TMS-WA 0.025 Unch 300 0.095 0.100 31.58 16/01/2017
016 0.780 0.217 0.625 0.620 9571WC MITRA-WC 0.620 0.005 79.1 1.220 0.600 0.00 04/07/2016
015 0.660 0.300 0.620 0.590 8397WC TNLOGIS-WC 0.600 0.015 2234.9 1.410 1.000 13.48 26/12/2018
0.470 0.235 0.415 0.410 9571WD MITRA-WD 0.410 Unch 323 1.220 1.090 22.95 23/08/2020 0.785 0.140 0.785 0.785 7113CT TOPGLOV-CT 0.785 Unch 5 9.490 4.980 2.11 29/01/2016
016 1.690 0.500 0.700 0.700 6114WB MKH-WB 0.700 Unch 6.7 2.330 1.890 11.16 29/12/2017
016 0.730 0.130 0.720 0.710 7113CU TOPGLOV-CU 0.710 -0.015 70 9.491 5.200 -0.33 11/03/2016
0.140 0.010 0.040 0.040 2194CW MMCCORP-CW 0.040 0.005 20 2.230 2.200 7.62 31/12/2015 0.395 0.160 0.370 0.360 7113CV TOPGLOV-CV 0.370 0.005 36 9.490 6.850 3.37 15/04/2016
016 0.255 0.020 0.155 0.140 1651C1 MRCB-C1 0.150 0.005 444.6 1.270 1.000 2.36 29/01/2016
016 0.195 0.115 0.175 0.170 7113CW TOPGLOV-CW 0.175 0.010 120 9.490 8.080 12.80 28/10/2016
0.200 0.030 0.050 0.045 1651C4 MRCB-C4 0.050 0.005 479.1 1.270 1.250 6.30 11/12/2015 0.070 0.025 0.035 0.035 5230CF TUNEPRO-CF 0.035 Unch 660 1.410 1.750 31.56 08/06/2016
018 0.085 0.005 0.085 0.075 1651C5 MRCB-C5 0.085 Unch 105 1.270 1.500 24.80 31/05/2016
020 0.155 0.015 0.045 0.040 514812 UEMS-C12 0.045 0.005 2434.9 1.250 1.280 9.60 30/12/2015
0.320 0.020 0.315 0.310 1651C6 MRCB-C6 0.310 -0.010 26.8 1.270 1.000 3.15 08/06/2016 0.100 0.010 0.065 0.060 514814 UEMS-C14 0.065 Unch 525 1.250 1.200 11.60 31/03/2016
016 0.150 0.005 0.015 0.015 1651CZ MRCB-CZ 0.015 -0.005 100 1.270 1.380 11.02 27/11/2015
020 0.045 0.035 0.045 0.035 514815 UEMS-C15 0.045 0.005 81 1.250 1.500 27.20 10/03/2016
0.250 0.075 0.180 0.145 1651WA MRCB-WA 0.170 0.020 63107.1 1.270 2.300 94.49 14/09/2018 0.150 0.030 0.135 0.120 514817 UEMS-C17 0.130 0.005 12447.3 1.250 1.050 15.20 26/02/2016
018 0.055 0.015 0.025 0.020 5150WA MSPORTS-WA 0.025 Unch 300.1 0.095 0.180 115.79 09/11/2017
020 0.285 0.045 0.260 0.250 514818 UEMS-C18 0.260 0.015 150 1.250 0.930 5.60 30/08/2016
0.350 0.040 0.275 0.275 0138CH MYEG-CH 0.275 0.010 20 2.960 2.000 0.08 29/01/2016 0.250 0.165 0.230 0.220 514819 UEMS-C19 0.230 0.015 201 1.250 1.000 7.60 29/04/2016
016 0.145 0.055 0.100 0.095 0138CK MYEG-CK 0.100 0.005 4271.2 2.960 2.800 8.11 15/01/2016
016 0.150 0.105 0.120 0.110 514820 UEMS-C20 0.120 0.010 350 1.250 1.000 8.80 18/07/2016
0.160 0.075 0.120 0.120 0138CM MYEG-CM 0.120 Unch 180 2.960 2.680 14.86 30/06/2016 0.090 0.060 0.080 0.075 514821 UEMS-C21 0.080 0.005 3742.1 1.250 1.350 27.20 29/04/2016
016 0.170 0.120 0.170 0.160 0138CN MYEG-CN 0.170 0.015 739.1 2.960 2.450 11.49 30/08/2016
015 0.105 0.005 0.005 0.005 5243CW UMWOG-CW 0.005 -0.005 200 1.210 2.200 83.06 30/06/2016
0.200 0.155 0.200 0.190 0138CO MYEG-CO 0.195 -0.005 250.7 2.960 2.900 20.37 31/03/2016 0.075 0.015 0.040 0.040 5243CY UMWOG-CY 0.040 Unch 870 1.210 1.600 42.15 29/07/2016
015 0.065 0.025 0.040 0.035 0096WA NEXGRAM-WA 0.040 Unch 160 0.075 0.100 86.67 16/05/2022
016 0.125 0.105 0.110 0.105 5243CZ UMWOG-CZ 0.110 -0.010 100 1.210 1.200 21.90 18/07/2016
0.065 0.030 0.035 0.035 0096WC NEXGRAM-WC 0.035 Unch 220 0.075 0.100 80.00 15/01/2024 0.370 0.110 0.130 0.130 7091WA UNIMECH-WA 0.130 Unch 0.2 1.270 1.500 28.35 18/09/2018
016 0.095 0.020 0.035 0.035 7139WA NICE-WA 0.035 0.005 120 0.105 0.160 85.71 09/08/2017
019 0.140 0.065 0.140 0.135 5005CD UNISEM-CD 0.140 0.010 250 2.380 2.200 4.20 11/12/2015
0.260 0.110 0.140 0.135 7071WB OCR-WB 0.135 -0.005 116.1 0.480 0.350 1.04 02/09/2016 0.280 0.045 0.140 0.135 5005CE UNISEM-CE 0.140 0.010 220 2.380 2.000 1.68 11/12/2015
019 0.130 0.030 0.045 0.035 9008WA OMESTI-WA 0.040 0.005 1316.4 0.570 0.960 75.44 19/04/2016
016 0.190 0.020 0.105 0.085 5005CF UNISEM-CF 0.105 0.025 569.3 2.380 2.080 5.04 29/01/2016
0.470 0.280 0.335 0.325 5053WC OSK-WC 0.335 0.005 136.4 1.680 1.800 27.08 22/07/2020 0.155 0.015 0.070 0.060 5005CH UNISEM-CH 0.070 0.015 283 2.380 2.280 10.50 28/04/2016
016 0.030 0.015 0.015 0.015 0005WA PALETTE-WA 0.015 -0.005 3 0.045 0.040 22.22 20/03/2018
017 0.145 0.040 0.135 0.120 5005CJ UNISEM-CJ 0.125 Unch 1454.7 2.380 2.050 7.14 29/07/2016
0.565 0.160 0.270 0.270 5125WA PANTECH-WA 0.270 Unch 12 0.635 0.600 37.01 21/12/2020 0.175 0.115 0.160 0.145 6963CA VS-CA 0.160 0.015 2287.3 1.550 1.380 20.00 28/10/2016
019 0.025 0.005 0.010 0.010 5657CO PARKSON-CO 0.010 -0.005 195.3 1.070 2.170 104.55 31/05/2016
019 0.140 0.110 0.135 0.120 6963CB VS-CB 0.130 0.005 682.8 1.550 1.480 20.65 28/10/2016
0.100 0.025 0.040 0.040 1295C4 PBBANK-C4 0.040 Unch 190 18.080 19.300 8.96 30/06/2016 0.125 0.095 0.105 0.105 6963CC VS-CC 0.105 -0.005 4 1.550 1.680 28.71 28/10/2016
021 0.140 0.035 0.055 0.055 1295C5 PBBANK-C5 0.055 Unch 1713.8 18.080 19.500 10.65 29/01/2016
017 0.195 0.020 0.040 0.040 0066WA VSOLAR-WA 0.040 Unch 200 0.080 0.120 100.00 01/12/2017
0.190 0.100 0.130 0.125 1295C6 PBBANK-C6 0.130 Unch 279.8 18.080 18.000 5.31 30/09/2016 0.165 0.025 0.055 0.055 9679CU WCT-CU 0.055 -0.005 250 1.370 1.388 13.04 29/02/2016
016 0.240 0.130 0.190 0.180 9997WB PENSONI-WB 0.185 0.005 955.7 0.590 0.600 33.05 20/01/2024
016 0.370 0.025 0.075 0.070 9679WC WCT-WC 0.075 -0.005 270 1.370 1.540 17.88 10/03/2016
0.085 0.015 0.020 0.020 5146WA PERWAJA-WA 0.020 -0.005 105 0.110 1.000 827.27 28/02/2022 0.400 0.100 0.175 0.160 9679WD WCT-WD 0.170 -0.005 5.4 1.370 1.710 37.23 11/12/2017
015 0.620 0.220 0.225 0.220 8311WC PESONA-WC 0.220 Unch 2951.8 0.480 0.250 -2.08 27/01/2020
015 0.280 0.130 0.145 0.140 9679WE WCT-WE 0.140 Unch 2007.6 1.370 2.080 62.04 27/08/2020
0.130 0.060 0.085 0.085 5681CO PETDAG-CO 0.085 -0.005 3 22.500 20.880 2.24 27/11/2015 0.385 0.040 0.110 0.100 0141WA WINTONI-WA 0.100 -0.005 6062.2 0.185 0.100 8.11 23/02/2019
016 0.190 0.075 0.135 0.135 5681CP PETDAG-CP 0.135 -0.005 3 22.499 23.000 9.43 30/06/2016
016 0.270 0.085 0.125 0.125 5246CL WPRTS-CL 0.125 -0.005 600 4.300 4.300 10.47 30/12/2015
0.120 0.010 0.065 0.065 8869CL PMETAL-CL 0.065 Unch 690 2.330 2.500 21.24 08/06/2016 1.820 0.600 0.950 0.905 7245WA WZSATU-WA 0.905 -0.045 62.5 1.580 0.600 -4.75 28/10/2024
016 0.340 0.205 0.325 0.320 8869CM PMETAL-CM 0.325 -0.010 89 2.330 1.600 3.54 07/03/2016
023 0.090 0.035 0.050 0.050 5156WC XDL-WC 0.050 Unch 30 0.105 0.115 57.14 02/07/2018
2.484 0.705 1.350 1.340 8869WC PMETAL-WC 1.350 Unch 42.7 2.330 1.100 5.15 22/08/2019 0.060 0.015 0.025 0.020 0095WA XINGHE-WA 0.020 Unch 316 0.065 0.100 84.62 22/03/2019
016 0.830 0.735 0.750 0.735 7088WB POHUAT-WB 0.735 -0.010 509.5 1.490 1.000 16.44 21/10/2020
024 0.135 0.030 0.040 0.040 5155WA XINQUAN-WA 0.040 Unch 380 0.545 1.000 90.83 24/06/2019
0.155 0.055 0.080 0.075 7145WA PSIPTEK-WA 0.075 Unch 88 0.150 0.100 16.67 16/11/2019 0.110 0.095 0.100 0.095 4677CZ YTL-CZ 0.100 Unch 300 1.510 1.600 12.58 15/04/2016
017 0.130 0.045 0.075 0.070 0007WA PUC-WA 0.075 0.005 1299.1 0.120 0.100 45.83 25/12/2024
020 0.520 0.360 0.415 0.415 6742WB YTLPOWR-WB 0.415 -0.005 330.7 1.510 1.140 2.98 11/06/2018
0.150 0.065 0.075 0.070 6807CF PUNCAK-CF 0.075 0.005 894.8 2.840 2.700 4.84 30/11/2015 0.370 0.070 0.160 0.160 7028WA ZECON-WA 0.160 0.010 30 0.670 1.060 82.09 03/03/2017
020 0.150 0.070 0.110 0.100 6807CG PUNCAK-CG 0.110 0.010 1105.8 2.840 2.700 6.69 19/02/2016
016 0.280 0.110 0.165 0.155 2283WA ZELAN-WA 0.165 0.010 749.3 0.275 0.250 50.91 25/01/2019
2.690 1.300 1.870 1.800 6807WB PUNCAK-WB 1.870 0.060 118.7 2.840 1.000 1.06 20/07/2018
019 0.120 0.005 0.015 0.015 7123WA PWORTH-WA 0.015 Unch 200 0.175 0.500 194.29 22/04/2016 Please refer to the bursa malaysia website for the prices of Loan stocks, bonds and overseas structure warrants
 Markets
40 M ON DAY N OVEM B ER 2 , 2 0 1 5 • TH EEDGE FI 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 9
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 8
G L O BA L M A R K E T S PA G E 3 7
RESEARCH: TAI TS [tai@bizedge.com; SUGUMARAN [sagu@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 3 3

KLCI 1,665.71 1.27 FBM ACE 6,214.05 3.69 FTSTI 2,998.35 3.16 NIKKEI 19,083.10 147.39 HANG SENG 22,640.04 179.90 DOW JONES 17,663.54 92.26

A day without laughter is a day wasted. Market movers

— Charlie Chaplin
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 RGB 100,419.9 0.010 5.88 0.180 10.06 1.47
('000) (%) (RM) (RM) (RM) (RM) XOX 89,122.1 0.040 14.81 0.310 108.00 0.00
Index point MRCB-WA 63,107 13.33 0.020 0.170 0.180 0.145 MRCB-WA 63,107.1 0.020 13.33 0.170 — 0.00
1674.0 1,665.71 GENETEC 59,679 0.00 0.000 0.205 0.220 0.200
1671.7 (-1.27) GENETEC 59,679.2 UNCH UNCH 0.205 8.47 0.00
INIX 51,266 3.85 0.005 0.135 0.140 0.125 INIX 51,265.5 0.005 3.85 0.135 — 0.00
1669.4 KL Composite Index
SYMPHNY 44,903 5.13 0.010 0.205 0.215 0.190 SYMPHNY 44,902.9 0.010 5.13 0.205 130.00 0.00
1667.1
CIMB-C6 24,317 -14.29 -0.005 0.030 0.035 0.030 PUC 43,195.8 0.005 4.35 0.120 15.13 0.00
1664.8
KLCI futures KEYASIC 19,439 0.00 0.000 0.200 0.215 0.195 APFT 39,178.4 0.010 3.92 0.265 — 0.00
1662.5
1,663.00 MTRONIC 15,325 0.00 0.000 0.070 0.070 0.070 INSTACO-WB 35,828.4 -0.010 -16.67 0.050 — 0.00
1660.2
(+8.00) EURO 15,205 14.63 0.030 0.235 0.245 0.205 INSTACO 35,486.6 -0.010 -4.35 0.220 — 0.00
1657.9
SUPERMX-CZ 12,396 -5.88 -0.005 0.080 0.090 0.080 IDMENSN 31,649.3 -0.005 -4.17 0.115 — 0.00
1655.6
AAX-WA 10,764 10.00 0.005 0.055 0.055 0.050 TRIVE 30,757.3 UNCH UNCH 0.070 — 0.00
1653.3
KRONO 10,546 10.26 0.020 0.215 0.220 0.195 TIGER 25,923.0 0.005 5.88 0.090 — 0.00
1651.0
8:45 9:30 10:30 11:30 12:45 14:30 15:30 16:30 17:15 LUSTER 10,479 6.25 0.005 0.085 0.090 0.085 FGV-C7 24,623.4 -0.005 -2.78 0.175 — 0.00
APFT-WA 10,452 44.44 0.020 0.065 0.075 0.050 CIMB-C6 24,317.0 -0.005 -14.29 0.030 — 0.00
JAKS 10,288 5.22 0.060 1.210 1.240 1.160 FRONTKN 24,075.7 0.015 6.98 0.230 11.75 0.00
Daily FBM KLCI LCTH 9,559 4.26 0.030 0.735 0.745 0.695 INIX-OR 23,040.0 UNCH UNCH 0.010 — 0.00
LEESK 9,022 5.08 0.015 0.310 0.320 0.300 ESCERAM 22,178.2 0.040 8.89 0.490 14.38 0.00
KL Composite Index Moving average - 20-day BORNOIL 19,898.4 0.005 2.44 0.210 24.40 0.00
Table above is from Reuters Volume break 3x 5-day average volume, meaning the total number of shares
1950.0 1,665.71 KEYASIC 19,438.8 UNCH UNCH 0.200 — 0.00
traded for a particular counter on the previous trading day is more than triple the average volume for the
(-1.27) 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)
1667.5
UP
1385.0 1,692.36 Bursa small caps shine as CLOSE
CHANGE
(RM)
DOWN
CLOSE
CHANGE
(RM)

1102.5
KLCI slips 1.27 points ASIAFLE
LAYHONG
4.490
5.800
0.390
0.390
BAT
RAPID
61.820
5.910
-0.420
-0.310
DLADY 47.600 0.360 PPB 15.460 -0.260
NESTLE 72.320 0.320 DKSH 4.400 -0.250
KUALA LUMPUR: Bursa Malaysia small caps rose 55.9 points TECGUAN 1.620 0.290 KLK 22.780 -0.200
820.0 or 0.36% while the FBM KLCI fell 1.27 points or 0.08% last Fri- HLBANK 13.980 0.260 FBMKLCI-C13 0.840 -0.160
Jan 2, 2008 Oct 30, 2015 day as investors eyed prospects of a US interest rate hike this GAB 14.300 0.240 HSI-C13 1.520 -0.160
December. A US rate rise does not bode well for Asian assets as CANONE 3.380 0.200 SOP 4.840 -0.140
900
investors turn their attention to US dollar denominated entities. SAM 7.840 0.170 IOICORP-C7 0.070 -0.125
FAREAST 7.520 0.160 HLFG 14.160 -0.120
600
Last Friday, the KLCI ended at 1,665.71 points at 5pm. The
BIPORT 7.150 0.150 SIME 8.360 -0.120
FBM Small Cap Index closed at 15,683.96. The index com- KOSSAN 8.150 0.150 CARING 1.920 -0.120
300 prises companies within the top 98% portion of the Bursa
Malaysia Main Market but excludes FBMT100 entities. Top gainers and losers (ranked by percentage)
0
Volume (’mil)
RHB Research Institute Sdn Bhd head of research Alex-
ander Chia told theedgemarkets.com that markets reacted to UP CHANGE DOWN CHANGE
CLOSE (%) CLOSE (%)
the US Federal Reserve (Fed)’s sentiment on the economic
FBM KLCI futures recovery there. CAP-WA 0.010 100.00 KSL-CE 0.005 -83.33

CONTRACT SETTLEMENT CHANGE HIGH LOW

“(In Malaysia) October is the first month we saw net HUBLINE-WA 0.010 100.00 IOICORP-C7 0.070 -64.10
MAHSING-CZ 0.030 100.00 AIRASIAC21 0.005 -50.00
OCT-15 1,672.00 9.00 1,673.50 1,658.50 foreign buying after five consecutive months of net foreign APFT-WA 0.065 44.44 FGV-C2 0.005 -50.00
NOV-15 1,663.00 8.00 1,668.00 1,651.00 selling but the market was caught off guard when the Fed TGOFFS-WA 0.035 40.00 SUNWAY-CN 0.075 -50.00
DEC-15 1,655.50 8.50 1,659.50 1,645.00 commented that the possibility of a December rate hike TANCO-LB 0.100 33.33 UMWOG-CW 0.005 -50.00
remains. “There was some support in the market, mainly BJAUTO-CH 0.020 33.33 INGENCO-WA 0.005 -50.00
FBM KLCI sensitivity* from bargain-buy activities by cash-rich local non-govern- UNISEM-CF 0.105 31.25 HSI-CT 0.005 -50.00
CHINA50-C8 0.085 30.77 MALAKOF-CI 0.015 -40.00
KLCI CHANGE CLOSE VOLUME ment-linked institutions,” Chia said.
UNISEM-CH 0.070 27.27 IOIPG-CJ 0.080 -36.00
PETRONAS CHEML
POINTS
1.08
(RM)
0.080 6.350
(RM) ('000)
3272.1
In the regional share market, Japan’s Nikkei 225 gained AMEDIA 0.025 25.00 IOIPG-CI 0.055 -35.29
IHH HEALTHCARE 0.83 0.060 6.310 9796.9 0.78% while South Korea’s Kospi fell 0.23% and Hong Kong’s IOIPG-CH 0.025 25.00 PARKSON-CO 0.010 -33.33
HONG LEONG BANK 0.83 0.260 13.980 613.1 Hang Seng declined 0.79%. Reuters reported that Asian shares
MAXIS BERHAD 0.76 0.060 6.590 3804.7 edged higher last Friday and were on track for their biggest Top gainers and losers - warrants (ranked by percentage)
GENTING MYS 0.60 0.060 4.300 3412.3 monthly rise since January 2012, as global central banks kept
GENTING 0.44 0.070 7.420 3574.9 UP CHANGE DOWN CHANGE
DIGI.COM 0.39 0.030 5.260 11595.7
stimulative policies intact and many hinted at further steps CLOSE (%) CLOSE (%)
UMW HOLDINGS 0.28 0.140 8.220 880.4 to re-energise their economies. — by Chester Tay CAP-WA 0.010 100.00 KSL-CE 0.005 -83.33
BRITISH AME TOBACCO -0.20 -0.420 61.820 264.8
World equity indices HUBLINE-WA 0.010 100.00 IOICORP-C7 0.070 -64.10
HONG LEONG FINANCE -0.21 -0.120 14.160 153.6 MAHSING-CZ 0.030 100.00 AIRASIAC21 0.005 -50.00
TELEKOM MALAYSIA -0.25 -0.040 6.660 7440.5 CLOSE CHANGE CLOSE CHANGE APFT-WA 0.065 44.44 FGV-C2 0.005 -50.00
K.LUMPUR KEPONG -0.36 -0.200 22.780 677.1
DOW JONES 17,663.54 -92.26 INDONESIA 4,455.18 -16.84 TGOFFS-WA 0.035 40.00 SUNWAY-CN 0.075 -50.00
PPB GROUP -0.52 -0.260 15.460 767.9
S&P 500 2,079.36 -10.05 JAPAN 19,083.10 147.39 TANCO-LB 0.100 33.33 UMWOG-CW 0.005 -50.00
MAYBANK -0.81 -0.050 8.260 17877.8
NASDAQ 100 4,648.83 -21.93 KOREA 2,029.47 -4.69 BJAUTO-CH 0.020 33.33 INGENCO-WA 0.005 -50.00
CIMB GRP -1.15 -0.080 4.610 15218.9
FTSE 100 6,361.09 -34.71 PHILIPPINES 7,134.26 -54.99 UNISEM-CF 0.105 31.25 HSI-CT 0.005 -50.00
SIME DARBY -1.26 -0.120 8.360 5679.7
AUSTRALIA 5,239.44 -27.42 SINGAPORE 2,998.35 -3.16 CHINA50-C8 0.085 30.77 MALAKOF-CI 0.015 -40.00
SUB-TOTAL 0.45
CHINA 3,382.56 -4.75 TAIWAN 8,554.31 -16.77 UNISEM-CH 0.070 27.27 IOIPG-CJ 0.080 -36.00
OTHERS -1.72
HONG KONG 22,640.04 -179.90 THAILAND 1,394.94 4.90 IOIPG-CH 0.025 25.00 IOIPG-CI 0.055 -35.29
GRAND TOTAL -1.27
INDIA 26,656.83 -181.31 VIETNAM 607.37 2.17 AEM-WA 0.050 25.00 PARKSON-CO 0.010 -33.33
* How stock price changes affected the index on the previous trading day

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FBM KLCI 1666.98 19.53 KLCI FUTURES 1663.00 27.00 STI 3001.51 39.00
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OME IDEAS
ep14 H

London trending:
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makes Give it time
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3 HOME BUSINESS
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EPF mulls selling
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6 HOME BUSINESS

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2829 SPORTS

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Piercy’s 62 leads
CIMB Classic
TNB’s 4Q net profit drops
Fax no. Email address Contact no.
39.5% on forex loss
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M ON DAY N OV E MBE R 2, 2015 • T HEED G E FINA NCIA L DA ILY
Markets 3 9
FUTURES . MONEY MARKET . COMMODITIES

Index futures Money market

FKLI Long Rolls - KLCI futures US Dollar Klibor
Index points Open Interest Index points USD Index Implied interest rate (%)
1980 1,663.00 90000 18.00 -9.00 102.00
96.946 4.5
(+8.00) (-1.00) (-0.336) 3.81
(Unch)
1790 68000 4.75 94.25
3.5
1600 46000 -8.50 86.50

1410 2.5
24000 -21.75 78.75

1220 2000 71.00

-35.00 1.5
Jan 4, 2010 Oct 30, 2015
Jan 4, 2010 Oct 30, 2015 Oct 2, 2006 Oct 30, 2015 Oct 1, 2000 Oct 30, 2015

KLCI futures close higher FBM KLCI futures US dollar falls on profit-taking, Klibor
tracking cash market INDEX AND FUTURES
CONTRACT SETTLEMENT CHANGE VOLUME
OPEN CHANGE IN
INTEREST OPEN INTEREST
commodity currencies rise MONTH SETTLEMENT
PRICE
CHANGE VOLUME OPEN
INTEREST

The FBM KLCI futures contracts on Bursa FBMKLCI 1,665.71 -1.27 172.6M The US dollar fell last Friday, reducing its NOV5 96.24 — — —
DEC5 96.20 — — 470
Malaysia Derivatives closed higher last Fri- OCT-15 1,672.00 9.00 5,681 10,844 -22,057 monthly gain against a basket of currencies, JAN6 96.19 — — —
NOV-15 1,663.00 8.00 8,017 44,404 5,983
day, tracking gained on the cash market. as traders who favoured commodity-linked MAR6 96.17 — — 120
DEC-15 1,655.50 8.50 128 582 8
October 2015 advanced 9 points to 1,672; MAR-16 1,636.00 6.00 3 59 -1
currencies booked profits on gains tied to JUN6 96.14 — — —
November 2015 added 8 points to 1,663; De- TOTAL 13,829 55,889 -16,067 the US Federal Reserve’s unexpected hint it SEP6 96.12 — — —
DEC6 96.09 — — —
cember 2015 gained 8.5 points to 1,655.5; may raise rates in December. MAR7 96.09 — — —
while March 2016 improved 6 points to 1,636. FUTURES ROLL OVER BID OFFER CLOSE A rise in oil and other commodities prices JUN7 96.04 — — —
Last Friday, the turnover narrowed to SEP/OCT — — -9.0
lifted the Australian and New Zealand dollar. SEP7 96.00 — — —
13,829 lots from 26,927 lots last Thursday, FUTURES FAIR VALUE The latter also got a boost from improved do- DEC7 95.95 — — —
MAR8 95.95 — — —
while open interest decreased to 55,889 CONTRACT DAYS TO EXPIRY KLIBOR DIVIDEND FAIR VALUE mestic business confidence, which advanced JUN8 95.95 — — —
contracts from 74,543 contracts previously. OCT-15 1 0.00 0.00 -2.46
for a second month on a rebound in dairy prices. SEP8 95.95 — — —
NOV-15 32 4.81 2.59 -2.76
At 5 pm, the benchmark FTSE Bursa Ma- ROLL’S FAIR -0.30
The US dollar index, which measures the DEC8 95.95 — — —
laysia KLCI was 1.27 points lower at 1,665.71. greenback against six major currencies, fell MAR9 95.95 — — —
JUN9 95.95 — — —
Most Southeast Asian stock markets fell 0.3% to 96.995. For October, the US dollar
SEP9 95.95 — — —
last Friday but notched up gains on the was up 0.6%, for its second straight month- DEC9 95.95 — — —
month, with trading remaining subdued due ly gain. The US dollar struggled after data MAR0 95.95 — — —
to caution about global central bank policies Vietnam was an outperformer on the showed US consumer spending in Septem- JUN0 95.95 — — —
but positive corporate earnings lifted select month with a gain of nearly 8% after two ber posted its smallest gain in eight months SEP0 95.95 — — —
TOTAL 0 590
regional stocks. straight losing months. — Agencies while inflation remained stalled. — 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 Open Interest CPO RM/tonne Soyoil US$/Ibs US$/bbl US$/troy oz
4200 6400 2,722 0.7300 155.0 1980
200000
(RM0.2877/tonne) 46.59
(+0.53)
3450 5100 0.5475 122.5 1660
152500

2700 3800 0.3650 90.0 1340

105000

1950
57500 2500 0.1825 57.5 1020 1,141.40
2,362 (-5.90)
(-8) 2,362
1200 10000 (-8) 25.0 700
1200 0.0000
Jan 6, 2008 Oct 30, 2015 Apr 10, 2007 Oct 30, 2015 Aug 31, 2008 Oct 30, 2015
Jan 6, 2008 Oct 30, 2015

Palm oil reverses gains CPO futures Oil rises on US rig count, market Commodities
AGRICULTURE
falls on stockpile buildup CONTRACT
NOV-15
LAST
2,250
CHANGE
-3
VOLUME
211
OPEN CHANGE IN
INTEREST OPEN INTEREST
2,948 -242
up on week and month CRUDE PALM OIL
UNIT
RM/TON
EXCHANGE
MDEX
LAST PRICE CHANGE
2,362 -8
RUBBER SEN/KG MRB 522.00 -2.00
DEC-15 2,294 -27 4,024 27,237 -532
Malaysian palm oil reversed the gains made JAN-16 2,362 -8 29,658 71,330 989 Oil prices rose last Friday, finishing higher CORN USC/BSH CBOT 382.25 2.25
SOYBEANS USC/BSH CBOT 883.75 5.00
over the week to fall last Friday evening as FEB-16 2,399 -4 7,527 24,366 -866 for the week and month as well, after anoth-
WHEAT USC/BSH CBOT 522.00 7.00
traders were bearish on slowing demand MAR-16 2,425 -3 4,245 26,591 1,357 er decline in the US oil rig count indicated LIVE CATTLE USC/IBS CME 143.350 -0.975
amid high palm stockpiles. CPO FUTURES CPO/SOYOIL domestic crude production could fall in COCOA US$/TON NYBOT 3,256 41
The January benchmark palm oil con- INDICATIVE ROLL-OVER CURRENT FUTURES BASIS (USD) coming months. COFFEE USC/IBS NYBOT 124.00 0.35
NOV/DEC -58 -57.12
tract on the Bursa Malaysia Derivatives Ex- NOV/JAN -125 3 MONTHS AVERAGE -69.45
Prices also got a boost from separate data SUGAR USC/IBS NYBOT 14.52 -0.04
change lost 0.3% at the end of the trading NOV/FEB -165 6 MONTHS AVERAGE -67.91 showing US oil output in August fell to its COTTON USC/IBS NYC 62.98 0.77

day, reaching RM2,362 a tonne. DEC/JAN -67 third lowest figure this year. METAL & PRECIOUS METALS
TIN US$/TON KLTM 15,100 -230
“Pressure on the market is still there as SGS & ITS EXPORT ESTIMATES (TONNES) The global benchmark for oil, US Brent COPPER USC/IBS CMX 2.310 -0.004
stocks from refiners build up due to India SHIPMENT DAYS AUG’2015 SEPT’2015 OCT’2015 crude oil, settled up 76 US cents, or 1.6% at GOLD US$/TROY OZ CMX 1,141.40 -5.90
and China’s slowdown,” said a trader based 1 - 10TH DAYS 486/499 515/518 466/459 US$49.56 a barrel. It rose 3% last week and PLATINUM US$/TROY OZ NYMEX 989.10 -4.20
1- 15TH DAYS 730/716 756/765 691/698
in Kuala Lumpur. 2% for October. PALLADIUM US$/TROY OZ NYMEX 677.65 6.40
“Since last Friday is a weekly closing, a 11 -- 20TH DAYS
25TH DAYS
991/992
1,285/1,276
1,122/1,068 941/930
1,339/1,322 1,226/1,200
The US crude futures rose by 53 US cents, SILVER USC/TROY OZ CMX 15.57 0.02
bit of profit-taking will also be there,” he FULL MONTH or 1.1%, to US$46.56, gaining 3% on the week ALUMINIUM RMB/TON SHF 10,360 20
1,542/1,525 1,552/1,533 —/—
ZINC RMB/TON SHF 13,705 -150
said. MALAYSIAN PALM OIL BOARD and 4% on the month.
Last Friday, the traded volume stood at JAN’15 FEB’15 MAC’15 APR’15 Oil prices had trended higher since ENERGY
LIGHT CRUDE OIL US$/BBL NYMEX 46.59 0.53
55,013 lots of 25 tonnes each, well above PRODUCTION 1,161 1,122 1,495 1,693 Wednesday’s 6% rally, sparked by a small- HEATING OIL USC/GAL NYMEX 1.5433 0.0174
the average 35,000 lots usually traded in a EXPORT
STOCKS
1,184 972 1,182 1,175
er-than-anticipated build in US crude and NATURAL GAS US$/MMBTU NYMEX 2.490 0.067
1,770 1,743 1,866 2,194
day. sharper-than-expected falls in gasoline and BRENT CRUDE US$/BBL ICE 49.56 0.76
MPOB Palm oil physical
Malaysian exports for October are ex- diesel stockpiles. — Reuters GAS OIL US$/TON ICE 455.25 2.00
pected to be bearish pending data release (IN RM/TON) OCT’2015 NOV’2015 DEC’2015

from cargo surveyors on Saturday, as de- CPO DELD 2,180 2,210 2,230 Centrifuged Latex Rubber - M’sia SMR 20
PK EX-MILL 1,630 1,640 1,650
mand from top consumers India and China CPKO DELD 3,480 3,505 3,522 Sen/Kg
Sen/Kg
is expected to slow. RBD P.OIL FOB 2,356 2,369 2,373 1100 1700
Traders say India has already stocked up RBD P.OLEIN FOB 2,432 2,441 2,453
for the upcoming Deepavali celebrations, RBD P.STEARIN FOB 1,946 1,967 1,996 900 1325
while demand from China will cool on an MPOB FFB REF PRICE (MILL GATE PRICE)
economic slowdown. REGION GRADE A GRADE B GRADE C 700 950 522.00
OER (RM/TON) OER(RM/TON) OER (RM/TON) 386.00 (-2.00)
In competing vegetable oil markets, the NORTH 20.00% 462 19.00% 441 18.00% 419
(-2.00)
US December soyoil contract rose 0.4% SOUTH 20.00% 463 19.00% 441 18.00% 420
500 575
while the January soybean oil contract CENTRAL 20.00% 465 19.00% 443 18.00% 422
300
on the Dalian Commodity Exchange fell EAST COAST 20.00% 458 19.00% 437 18.00% 416 200
SABAH 22.00% 444 21.00% 425 20.00% 406 Jan 7, 2007 Oct 30, 2015 Jan 7, 2007 Oct 30, 2015
0.3%.— Reuters SARAWAK 22.00% 451 21.00% 432 20.00% 412