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Th e Edge: More PPE on the way to hospitals

Petronas raises US$6b via fi rst bond off ering in fi ve years

India FPSO contract extension delayed due to lockdown — Bumi Armada

‘AMMB, Insurance Australia reopen Malaysian insurer sale’

DNeX sees rising interest in digitalisation amid movement curbs

US returns another RM1.3b of 1MDB funds PA G E 2

PHOTO BY SAM FONG

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A total of 169 patients recovered yesterday, the seventh time daily recoveries were higher than new infections.Syafi qah Salim has the story on Page 4.

Malaysia’s daily new casesDROP TO 85after 28 days of MCO





PPE on the way to hospitals

Petronas raises US$6b via firstfibond off ering ffffin five yearsfifi


‘AMMB, Insurance Australiareopen Malaysianinsurer sale’

DNeX seesrising interest indigitalisation amid movement curbs

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A total of 169 patients recovered yesterday, the seventh timedaily recoveries were higher than new infections.Syafi qah Salim has the story on Page 4.fi

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‘AMMB, Insurance Australia reopen Malaysian insurer sale’

DNeX sees rising interest in digitalisation amid movement curbs

US returns another RM1.3b of 1MDB funds PA G E 2

PHOTO BY SAM FONG

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THE NEWS TO YOU AT

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A total of 169 patients recovered yesterday, the seventh time daily recoveries were higher than new infections.Syafi qah Salim has the story on Page 4.

Malaysia’s daily new casesDROP TO 85after 28 days of MCO

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2 THURSDAY APRIL 16, 2020 • THEEDGE FINANCIAL DAILY

For breaking news updates go towww.theedgemarkets.com

O N E D G E T V


Malaysia’s GDP to grow 9% next year, says IMF

BY H A F I Z YAT I M

US returns another RM1.3b of 1MDB fundsTh is raises the amount returned thus far to US$620 million

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KUALA LUMPUR: Th e US has re-turned another US$300 million (RM1.3 billion) of funds recovered from seizures related to 1Malaysia Development Bhd (1MDB), Prime Minister Tan Sri Muhyiddin Yassin said yesterday.

Muhyiddin said the funds are an outcome of the Kleptocracy Asset Recovery Initiative of the US De-partment of Justice (DoJ) in rela-tion to 1MDB.

He said in a statement that on Oct 30, 2019, fugitive businessman Low Taek Jho, better known as Jho Low, reached a settlement with the DoJ per-taining to numerous forfeiture claims fi led by the DoJ against assets he had purchased using 1MDB monies.

“Th e US$300 million represents some of those assets which had been forfeited and later sold. It also in-cludes proceeds from 1MDB-linked assets that were given up or forfeited by individuals linked to Jho Low.”

“Th e government of Malaysia is pleased to share that thus far, inclu-sive of this most recent tranche of US$300 million, a total of US$620 million of 1MDB monies — in the form of sales proceeds or assets —

have been returned to Malaysia. Th e process to sell Jho Low’s remaining forfeited assets under the DOJ con-sent forfeiture judgement is ongoing,” Muhyiddin said.

Th e US$620 million received since 1MDB assets recovery eff orts were initiated in June 2018 consists of:• US$57 million from the proceeds

of settlement with Red Granite Pictures (credited in March 2019),

• US$137 million from the sale proceeds of Jho Low’s interest in the Park Lane Hotel (credited in April 2019),

• US$126 million from the judicial sale of the luxury yacht, Equa-nimity, by the Malaysian Admi-ralty Court (credited into the trust account in December 2019), and

• US$300 million (credited in April 2020) to Malaysia.Expressing gratitude to the US

government, in particular to its em-bassy in Kuala Lumpur, Muhyiddin said its assistance and cooperation in facilitating the return of the US$300 million is deeply appreciated.

“I would also like to commend Malaysia’s minister of fi nance and the attorney-general for their role in the negotiation process. 1MDB asset recovery eff orts are ongoing,

and the government will continue to work with the US, the DoJ and other governments to recover and repatriate more 1MDB monies in the future,” the prime minister said.

In a separate statement, Finance Minister Tengku Datuk Seri Zafrul Aziz said the recovery of 1MDB-re-lated assets is still ongoing, and the fi nance ministry (MoF) will continue to extend its fullest cooperation to all domestic and off shore investigating entities to ensure equally positive outcomes from these eff orts in future.

“I would like to convey our ap-preciation to the US government and the DoJ for their eff orts in re-covering these assets which right-fully belong to Malaysia.

“On behalf of the government, I would like to express our gratitude to the US embassy in Kuala Lum-pur, and in particular, Her Excel-lency Ambassador Kamala Shirin Lakhdhir, with whom the MoF and the Attorney-General’s Chambers have been in constant contact in recent weeks,” he said.

“Th e deeply collaborative spirit of negotiations had facilitated the swift repatriation of the monies back to the Malaysian people. We would also like to acknowledge the

support extended by our counter-parts in various countries in help-ing Malaysia recover 1MDB-related assets,” Tengku Zafrul added.

Meanwhile, Ambassador Lakhdhir said the US is extremely pleased to continue transferring assets back to Malaysia as part of the DoJ investigation.

“Although the world is facing the Covid-19 pandemic, the US government made special eff orts to ensure that the transfer was expe-dited during this challenging time,” she said in a statement.

“For more than 60 years, the US has been a close partner and friend to Malaysia and our cooperation in this investigation highlights our shared commitment to upholding good governance, combating offi -cial corruption and ensuring justice is served,” she added.

Former prime minister Datuk Seri Najib Razak is on trial for 21 counts of money laundering in-volving a total of RM2.28 billion, and four counts of power abuse, in relation to the 1MDB funds.

His trial has been shelved tem-porarily due to the current move-ment control order arising from the Covid-19 outbreak.

BY N E H A A R O R A & K R I S H N A N D A S

NEW DELHI/KUALA LUMPUR: India has agreed to sell hydroxy-chloroquine tablets to Malaysia for use in the treatment of Covid-19 patients, a Malaysian minister told Reuters yesterday, with New Delhi partially lifting its ban on exports of the anti-malarial drug.

India is the world’s largest pro-ducer of hydroxychloroquine, sales of which have soared across the world, including in the US, es-pecially after US President Don-ald Trump touted it as a poten-tial weapon against Covid-19, the disease caused by the novel coro-navirus.

New Delhi had last month put a hold on exports of hydroxychloro-quine to secure supplies for itself, before agreeing this month to sup-ply it to some of its neighbours as well as “nations which have been particularly badly aff ected by the pandemic”.

“On April 14 (Tuesday), India gave permission for Malaysia to import 89,100 tablets,” Deputy For-eign Minister Datuk Kamarudin Jaff ar told Reuters.

India agrees to sell hydroxychloroquine to Malaysia to help fi ght Covid-19

KUALA LUMPUR: Th e Edge Cov-id-19 Equipment Fund will be delivering another batch of per-sonal protective equipment (PPE) to public hospitals in the country over the next two weeks.

Th e Edge Media Group pub-lisher and group chief executive offi cer Datuk Ho Kay Tat said this in response to the appeal for help yesterday by Health director-gen-eral Datuk Dr Noor Hisham Ab-dullah, who said hospitals had enough PPE to last only anoth-er two weeks while waiting for new stock that the ministry had ordered to arrive.

The heavy usage is because PPE — hair and shoe covers, face masks, gloves, gowns and protec-tion suits — is used only once. As-suming 15,000 healthcare workers are on frontline duty in govern-ment hospitals and clinics, that means 15,000 sets of PPE are used and disposed of each day.

Ho said the next batch of PPE to be sent out consists of 500,000 face masks, 20,000 protection suits, 20,000 face shields, 2,000 goggles and 500,000 medical gloves.

Th e fund from March 30 to April


10 sent out a large number of PPE — 460,000 face masks, 15,000 pro-tection suits and 1,000 face shields — to over 30 hospitals and more than 60 district clinics. Th e white head-to-feet protection suits were the most expensive, ranging from RM80 to RM100 per piece, up from below RM60 before the Covid-19 outbreak. PPE is mostly sourced from China, and there are fears Beijing may curtail exports to en-sure there is enough supply for local needs although the pan-demic situation there has eased.

Th e Edge Covid-19 Equipment Fund has to date raised RM14 mil-lion from companies and indi-viduals.

Ho said the fund had also or-dered breathing aids like ventila-tors and oxygen concentrators for hospitals. On Tuesday, Noor Hish-am said hospitals were not short of ventilators because the number of patients in intensive care units was not large at the moment.

“It looks like PPE is the priority at the moment and we will focus on getting more of them,” said Ho.

CONTINUES NEXT PAGE

Personal protective equipment is in heavy demand as frontline medical workers rely on it when treating Covid-19 patients. Photo by Sam Fong

H O M E B U S I N E S S 3THURSDAY APRIL 16, 2020 • THEED G E FINANCIAL DAILY

KUALA LUMPUR: Khazanah Nasional Bhd’s impact-based foundation Yayasan Hasanah has teamed up with the minis-try of fi nance (MoF) to launch the Hasanah Special Grant 2020, which aims to help the bottom 40% income group (B40) com-munities.

In a statement, the founda-tion said the partnership comes in response to the Prihatin Rak-yat Economic Stimulus Pack-age, which was deployed to mit-igate the economic impact of the Covid-19 pandemic. Th e grant is aimed at supporting programmes that will improve the quality of life for B40 communities that include refugees, the homeless, ageing communities, women and children, Orang Asli and those with special needs.

Th e foundation said it hoped that the grant will allow for the rapid mobilisation of resourc-es to civil society organisations, non-governmental organisations and social enterprises to extend assistance to those in need as a result of the Covid-19 pandemic.

Such projects can be imple-mented over three to 12 months from May 2020 until April 2021, during and following the move-ment control order (MCO).

KUALA LUMPUR: Th e International Monetary Fund (IMF) has project-ed Malaysia’s real gross domestic product (GDP) to grow at a rate of 9% next year, the fastest among the Asean-5 countries which are expected to see a combined GDP growth of 7.8%.

Besides Malaysia, Asean-5 in-cludes Indonesia, Thailand, the Philippines and Vietnam which are set to expand by 8.2%, 6.1%, 7.6% and 7% respectively.

For 2020, the Washington-based organisation forecast Malaysia’s economy to contract 1.7% as the Asean-5 GDP shrinks 0.6%.

Th e IMF’s latest 2021 projection for Malaysia is higher than Fitch Ratings’ growth forecast of 5.8%.

Global growth is expected to re-

KUALA LUMPUR: Bumi Arma-da Bhd said the extension of the fl oating production storage and offl oading (FPSO) vessel contract awarded to its joint venture with an India partner had been delayed due to the current lockdown there.

Th e contract was awarded to Shapoorji Pallonji Bumi Armada Off shore Private Ltd (SPBAOPL) by India’s state-owned Oil and Natural Gas Corp Ltd (ONGC).

“According to ONGC, approval for formalisation of the contract extension has been delayed due to the Covid-19 lockdown in In-dia,” Bumi Armada said in a fi ling with Bursa Malaysia.

It added that ONGC had re-quested SPBAOPL to process the case with the relevant authorities for obtaining permits and an ex-tension to ensure continuity of

Khazanah foundation, MoF launch grant to help B40 groupBY A R J U N A C H A N D R A N S H A N K A R Th e maximum amount that can

be disbursed for any project stands at RM250,000.

To be eligible for the grant, ap-plicants should be legally or locally registered under the Registrar of Societies (RoS), the Companies Commission of Malaysia or be a registered company under the Companies Act 1965.

Moreover, applicants have to have been formed and registered for at least two years before applying.

Applicants should also have one year’s worth of audited fi nancial accounts or have submitted annual returns to the RoS.

Th ey should also be directly re-sponsible for the preparation, im-plementation and management of the project and not be acting as an intermediary.

Th ey should also have a track record of working with at-risk com-munities for the past two years, demonstrate the capacity to imme-diately start their projects, as well as comply with the government’s requirements during the MCO.

Applicants may submit their pro-posals and relevant documentation via www.yayasanhasanah.org from April 15 until Oct 15. However, the eligibility assessment must be sub-mitted by Oct 1.

Successful applicants will be notifi ed within 30 days of their sub-mission, said the foundation.


Malaysia using hydroxychloroquine to treat mild to severe Covid-19 cases along with other drugs

BY J U S T I N L I M operations on-site.Bumi Armada owns 49% less one

share in SPBAOPL, while the oth-er 51% plus one share is held by Shapoorji Pallonji Oil and Gas Pri-vate Ltd of India. SPBAOPL recently received notifi cation from ONGC about its intention to extend the charter hire of the Armada Sterling FPSO from April 20, 2020.

Th e original contract was signed on Aug 10, 2011. Th e Armada Ster-ling FPSO was chartered by ONGC to operate at an oilfi eld located 200km off the coast of Mumbai.

Th e contract has a tenure of sev-en years, with six annual extension options. Th e original seven-year fi rm charter will expire on April 19, 2020.

Bumi Armada’s share price closed unchanged at 17.5 sen yes-terday, valuing the group at RM1.03 billion. Some 85.88 million shares were traded. Year to date, the coun-ter has fallen 67%.

‘Malaysia’s GDP to grow 9% in 2021, fastest among Asean-5 countries’

KUALA LUMPUR: Petroliam Na-sional Bhd (Petronas) has raised US$6 billion (RM26.03 billion) via a multi-tranche senior bond offering, with proceeds to be used for the group and its sub-sidiaries’ refinancing, capital expenditure and working capital.

Petronas said the issuance represents its return to the in-ternational US dollar bond markets since its US$5 billion multi-tranche off ering in March 2015, and is part of the ongoing prudent capital management ef-forts that also eff ectively extend its debt maturity profi le.

Th e bond off ering comprises US$2.25 billion 10-year, US$2.75


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

Th ere was robust demand, with order books up to US$37b

billion 30-year and US$1 billion 40-year conventional notes, Petro-nas said in a statement yesterday.

“The 10-year conventional notes were priced 290 basis points over the 10-year Treasury to yield 3.65%, the 30-year conventional notes were priced to yield 4.55%, and the 40-year conventional notes were priced to yield 4.8%.

“Th ere was robust demand for the bonds with the order books reaching US$37 billion at the time of pricing, which was one of the largest order books by an Asian issuer ever.

"Th e 6.2 times oversubscription ratio refl ected the market’s confi -dence in Petronas’ credit strength, which was recently affi rmed at A2 by Moody’s and A- by S&P, both

with stable outlooks,” it said in a statement.

BofA Securities and Citigroup acted as joint global coordina-tors and joint bookrunners, to-gether with HSBC, Maybank and MUFG as joint bookrunners.

Petronas said recently the risks of delays in some of its projects were rising due to pro-longed Covid-19-related lock-downs around the world.

Nevertheless, the group, which operates in over 20 coun-tries including Brazil and the US, said it would try to maintain its domestic spending for this year, Reuters reported. It expects to spend RM26 billion to RM28 billion on domestic capital ex-penditure this year.

bound to 5.8% in 2021, well above the trend, refl ecting the normalisa-tion of economic activity from very low levels, the IMF said in a report released yesterday.

It projected -3% global growth for 2020, largely aff ected by the Cov-id-19 pandemic.

“Th e advanced economy group is forecast to grow at 4.5 %, while growth for the emerging market and developing economy group is forecast at 6.6%,” it said.

In comparison, in 2010 global growth after the global fi nancial cri-sis rebounded to 5.4 % from -0.1% in 2009.

However, the rebound in 2021 depends critically on the pandemic fading in the second half of 2020, allowing containment eff orts to be

gradually scaled back and restoring consumer and investor confi dence, the IMF said.

Signifi cant economic policy ac-tions have already been taken across the world, focused on accommodat-ing public healthcare requirements, while limiting the amplifi cation to economic activity and the fi nan-cial system.

Th e projected recovery assumes that these policy actions are eff ec-tive in preventing widespread fi rm bankruptcies, extended job losses and system-wide fi nancial strains.

Nonetheless, the level of GDP at the end of 2021 in both advanced and emerging market and devel-oping economies is expected to remain below the pre-virus base-line. — Bernama

FROM PREVIO U S PAGE“We will try to get more hy-

droxychloroquine tablets from India, which is also subject to stock availability.”

India’s ministry of external af-fairs did not respond to requests for comment from Reuters.

Malaysia has been using hy-droxychloroquine for mild to se-vere Covid-19 cases along with other drugs, according to its treat-ment protocol seen by Reuters.

Doctors and pharmacists from more than half a dozen large healthcare systems in New York, Louisiana, Massachusetts, Ohio, Washington and California have also told Reuters they are routine-ly using hydroxychloroquine on patients hospitalised with Cov-id-19. At the same time, several said they had seen no evidence that the drug had any effect on the virus.

In one small French study,

some Covid-19 patients showed improvements but there was no way to know if the drug was the reason. Results published in April from another study in France and one in China found no benefit in patients treated with the drug. Dozens more clinical studies are under way around the world.

Malaysia’s health ministry told Reuters it had “faced challenges” in securing the drug, which it said

may be able to reduce the pro-gression of the disease and lung inflammation. It said the drug had been used in Malaysia for the treatment of Covid-19 since January.

Malaysia had asked India for more than one million hydroxy-chloroquine tablets, two sourc-es with direct knowledge of the matter told Reuters, requesting anonymity as they were not au-thorised to speak to the media.

Malaysia has the third highest number of infections of Covid-19 in Southeast Asia with more than 5,000 cases, 83 of whom have died.

Teva Pharmaceutical Industries Ltd, IPCA Laboratories and Cadila Healthcare Ltd are among India’s leading suppliers of hydroxychlo-roquine. Cadila said last week it had increased production 10-fold to 30 tonnes per month and was ready to produce more if need-ed. — Reuters

4 H O M E B U S I N E S S THURSDAY APRIL 16, 2020 • THEEDGE FINANCIAL DAILY

Malaysia’s daily new cases drop to 85 after 28 days of MCOA total of 169 patients recovered yesterday, the seventh time daily recoveries were higher than new infections

BY S YA F I Q A H S A L I M

BY E M I R Z A I N U L

KUALA LUMPUR: Malaysia’s ap-proach of isolating positive Cov-id-19 infected patients, even though they are asymptomatic or show mild symptoms, may have contrib-uted in the low fatality rate and high number of recovered cases, says Health director-general Datuk Dr Noor Hisham Abdullah.

He said this approach is diff er-ent from many other countries, such as the UK and Italy, where positive patients who are asymp-tomatic and show mild symptoms are only advised to stay at home to self-quarantine.

“Our policy here in Malaysia,

Malaysia’s approach may have contributed to low death, high recovery rates — Health DG

positive patients whether they have symptoms or not, we make sure that they are isolated in the hospitals so that we can actually monitor them closely,” he said during his daily media briefing on the Covid-19 situation in the country.

“In other countries, [for] asymp-tomatic positive cases, they advise them to be at home but here we monitor them in our hospitals.

“Perhaps that is the reason we have about 88% [of total cases] who are asymptomatic and [display] mild symptoms. And because of the close monitoring and the treatment given, we see that our outcomes are much better,” Noor Hisham added.

He said the general duration for

isolation and treatment for Cov-id-19 positive patients in Malaysia is 14 days.

However, before a patient is dis-charged, he or she will be tested again for the virus.

“If it is still positive, we have to make sure that the patient remains in the hospital,” he said.

As of yesterday, Malaysia’s total recovered cases had surpassed 50% of the total confirmed Covid-19 positive cases nationwide, with 2,647 patients having been dis-charged from hospitals, represent-ing 52.2% of the total 5,072 cases. Meanwhile, Malaysia’s Covid-19 death toll stands at 83, represent-ing a 1.64% fatality rate.

Malaysia’s Covid-19 daily active cases (under treatment)From March 1 to April 14

Sources: Ministry of health, CPRC Kebangsaan

3,000

2,500

2,000

1,500

1,000

500

0

Marc

h 1

Marc

h 2

3

April 1

4

MCO period

Source: Ministry of health

5,072

Jan 2

5

Marc

h 1

April 1

5

April 1

Marc

h 1

4

Malaysia’s Covid-19 positive case tally

85

Number of new cases

Total number of positive cases

MCO period

0

50

100

150

200

250

300

0

1,000

2,000

3,000

4,000

5,000

6,000

KUALA LUMPUR: Th e number of Covid-19 infections topped 5,000 in Malaysia at 5,072 yesterday. Howev-er, the number of new cases dropped below the 100 mark for the fi rst time in a month to 85 yesterday.

Th is is the lowest daily fi gure since March 15 when only 41 cases were reported then. Th e next day, daily in-fections quadrupled to 190 cases, and two days later on March 18 the gov-ernment implemented the movement control order (MCO) nationwide.

According to the ministry of health, the number of daily recov-eries of 169 was double the daily infections. Th is is the seventh time that the daily recoveries were higher than new cases since the outbreak.

Th is brings Malaysia’s recovery rate to 2,647 cases or 52.2% of total infections.

Currently, the country has 2,342 active cases, with all the patients undergoing treatment. Th e curve on active cases has demonstrated a fl attening pattern recently (see chart).

Malaysia was the fi rst Asean coun-try to impose a partial lockdown when the tally was below 1,000 cases. It now has the third highest infections in the region after the Philippines with 5,453 and Indonesia with 5,136. Singapore reported 3,252 confi rmed cases while Th ailand has 2,643.

Health director-general Datuk Dr Noor Hisham Abdullah said in a statement that 56 patients are still being treated in intensive care, with 32 of them needing respiratory assis-tance. One more death was reported, bringing the death toll to 83.

Th e deceased was a 69-year-old Malaysian man who had diabetes and high blood pressure. He died at 6.41am yesterday while undergoing treatment at University Malaya Medical Centre.

Selangor remains the state with

the highest number of confi rmed infections with 1,316 cases, fol-lowed by Kuala Lumpur (926), Johor (601) and Sarawak (371).

Total red zones have increased to 27 nationwide with the addition

Lembah Pantai has 572 cases, surpassing Taiwan, Vietnam and Brunei

A member of the Federal Reserve Unit performing a disinfection control operation at a police checkpoint in Petaling Jaya, Selangor. Photo by Mohd Izwan Mohd Nazam

of Muar, Johor yesterday.As of yesterday, Muar had record-

ed 44 cases, while Lembah Pantai in Kuala Lumpur continued to lead with the highest number of con-fi rmed infections with 572 cases.

BY S YA F I Q A H S A L I M

KUALA LUMPUR: Lembah Pan-tai continued to be the worst-hit Covid-19 hotspot in Malaysia with 572 cases or 11.5% of the country’s 4,987 infections as of Tuesday noon, according to the ministry of health (MoH).

Th is means Lembah Pantai, which is located in Kuala Lum-pur, has more cases than some countries such as Taiwan (393), Vietnam (267) and Brunei (136).

Selangor, Putrajaya and Kuala Lumpur alone accounted for 2,252 new cases, according to the MoH.

Based on the statistics pro-vided by the Crisis Preparedness and Response Centre (CPRC), total red zones in Malaysia rose

to 27, with Hulu Langat recording the second highest number of cas-es, at 433 cases.

Other red zones in Peninsular Malaysia included Petaling with 359 cases, Seremban (261), Kluang (201), Johor Bahru (184), Klang (167), Gombak (141), Kepong (131), Titi-wangsa (122), Kinta (93), Kota Bharu (90), Kuantan (91), Cheras (74), Je-rantut (70), Jasin (68), Sepang (67), Hilir Perak (65), Putrajaya (54), Rem-bau (53), Batu Pahat (51), Melaka Tengah (51) and Hulu Selangor (49).

Sabah and Sarawak have three red zones — Kuching with the high-est at 240 cases, followed by Tawau (79) and Kota Samarahan (51).

Kota Kinabalu is on the brink of being classifi ed as a red zone, with 40 cases.

Covid-19: New vs cured cases

Total number of recovered cases

Jan25

March4

March18

April15

April1

April1

Daily infections

Daily recoveries

Jan25

March4

March18

Daily recoveries

169

April15

85

Total number of positive cases

Total number of recovered cases

MCO period

0

1,000

2,000

3,000

4,000

5,000

6,000

2,647

5,072

0

50

100

150

200

250


KUALA LUMPUR: Yinson Holdings Bhd has completed a US$800 mil-lion (RM3.47 billion) refi nancing exercise for its fl oating, produc-tion, storage and offl oading (FPSO) unit, John Agyekum Kufuor (JAK).

In a statement yesterday, it said the loan, with a tenure of 12 years, was successfully drawn down on April 14. Th e deal commenced fi ve months ago in November 2019, following the signing of the re-

fi nancing agreement by 13 local and international banks.

The banks that participated in the refi nancing exercise were CIMB Bank Bhd, Clifford Capi-tal Pte Ltd, Crédit Industriel Et Commercial, DBS Bank Ltd, Korea Development Bank, Maybank In-vestment Bank Bhd, MUFG Bank Ltd, Natixis Singapore Branch, Oversea-Chinese Banking Cor-poration Ltd, Societe Generale London Branch, Sumitomo Mitsui Banking Corp, Standard Chartered

Bank (Singapore) Ltd and United Overseas Bank Ltd.

Yinson group chief strategy of-fi cer Daniel Bong said the deal was able to be completed only due to the close relationships between all participating banks, joint venture partners and the client, particular-ly given the current environment.

“It was defi nitely not the most straightforward process, as move-ment control is being imposed in many countries due to the Cov-id-19 situation. However, we col-

lectively managed to overcome this hurdle despite all odds, achieving the objectives of all parties.

“I would like to personally thank our client, our joint venture part-ners and the banking group for their unwavering support shown for this transaction, and I look for-ward to continued collaboration in future projects,” said Bong.

FPSO JAK is a joint venture pro-ject, with a 26% stake being held by a Japanese consortium comprising Sumitomo Corp, Kawasaki Kisen

Kaisha Ltd, JGC Holdings Corp and Development Bank of Japan.

FPSO JAK is currently operating in the OCTP block, off shore Ghana and is chartered to Eni Ghana Exploration & Production Ltd, a wholly-owned unit of Eni SpA.

Yinson shares closed 28 sen or 5.6% higher at RM5.28 yesterday, with a market capitalisation of RM5.63 billion. While the stock has declined nearly 19% year to date, it is still about 15% higher than a year ago.

AMMB, Insurance Australiareopen Malaysian insurer sale‘AmGeneral Insurance is seeking as much as US$1 billion from potential suitors’

BY E L F F I E C H E W

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


BY M U H A M M E D A H M A DH A M D A N

SINGAPORE: Th e owners of AmGen-eral Insurance Bhd, Malaysia’s sec-ond-biggest auto insurer, have restart-ed a sale process and are seeking as much as US$1 billion (RM4.34 billion) for the company, people with knowl-edge of the matter said.

Kuala Lumpur-listed AMMB Hold-ings Bhd and Insurance Australia Group Ltd (IAG) invited potential suitors to submit non-binding bids for the Malaysian insurer by the end of this month, according to the peo-ple, who asked not to be named as the information is private. AMMB controls 51% of AmGeneral, while IAG owns the remaining balance.

AMMB and IAG explored the dis-posal of AmGeneral in 2017 and short-listed Allianz Malaysia Bhd last year, Bloomberg previously reported. But

the deal fell through after failing to get approval from Bank Negara Ma-laysia, the country’s central bank, one of the people said. Th e central bank declined to comment on the matter. Th e owners began a new sale process in recent weeks, the person said.

Details of the potential deal could change, and AmGeneral’s owners could decide to hold on to their stakes, the people said. A representative of AmGeneral and AMMB declined to comment. A representative of IAG said the company’s focus is on its

An IAG representative says the company’s focus is on its core Australian and New Zealand businesses, and is exploring options for its remaining Asian general insurance interests. Photo by Bloomberg

Yinson completes US$800m FPSO refi nancing exercise

KUALA LUMPUR: Serba Dinamik Holdings Bhd has bagged a US$1.78 billion (RM7.71 billion) contract for the engineering, procure-ment and construction of an innovation hub, academic campus, related facilities and information technology (IT) infrastructure in Abu Dha-bi, the United Arab Emirates (UAE).

In an exchange filing yesterday, the fi rm said its wholly-owned Serba Dina-mik International Ltd (SDIL) accepted the letter of award on Sunday from US-based Block 7 Investments LLC for the four-year project, which is set to commence on May 14.

“The project shall cover three areas of interest, namely the innovation hub, academic campus and accommodation comprising apartments and hotels, over a total built-up area of 455,000sqm. Th e innovation hub development will include offi ces, restaurants, and exhi-bition and IT centres.

“Th e project forms part of Block 7’s initiatives to create a global incubator for the advancement of innovators for the technology, proper-ty, fi nancial as well as ener-gy sectors, to be positioned as a new landmark for Abu Dhabi,” it said.

SDIL said the scope of work includes — but is not limited to — designing, engineering, procuring, supervising, man-aging, supplying, transporting, constructing, commissioning, and the remedying of any de-fects in connection with the project. Th e award is expect-ed to contribute positively to SDIL’s fi nancials for the financial year ending Dec 31, 2020.

Serba Dinamik shares rose 14 sen or 9.09% to close at RM1.68 yesterday, with a market capitalisation of RM5.21 billion, after 29.76 million shares were traded.

Serba Dinamik bags RM7.7b innovation hub contractin UAE

KUALA LUMPUR: Suhaimi Badrul Jamil resigns as chief executive of-fi cer (CEO) of TH Heavy Engineer-ing Bhd, eff ective July 1, 2020, to pursue other interests and oppor-tunities. According to TH Heavy’s stock exchange fi ling, Suhaimi ten-dered his resignation on April 1, which it accepted on April 15. His last day in offi ce is June 30, as his resignation will take eff ect on July 1.

“Th e executive committee will be overseeing the company’s op-erations in the interim until a new replacement is identifi ed,” said TH Heavy. Suhaimi was appointed TH Heavy’s chief fi nancial offi cer (CFO) on Dec 2, 2013. On Sept 1, 2016, he was appointed the CEO — replacing Nusral Danir who had quit for per-sonal reasons — and designated as CEO cum CFO. On July 3, 2018, Su-haimi relinquished his position as CFO and was redesignated as CEO.

KUALA LUMPUR: While the econom-ic stimulus package series announced by the Malaysian government will support domestic demand and eco-nomic growth, the package also leaves it with a wider fi scal defi cit at least for 2020, said Moody’s Investors Service.

Moody’s said the package would also increase the government’s fi scal consolidation challenge over the next few years, particularly given a debt burden that is already higher than similarly rated peers. “The broad-ening of the coronavirus (Covid-19) outbreak into a global pandemic, coupled with temporary but severe movement restrictions and closure of non-essential businesses within Malaysia, will sharply reduce eco-nomic growth.

“Despite the sizeable stimulus, we expect growth to slow to between zero to one percent in 2020 before rebounding to around fi ve percent in 2021,” it said in a research note

yesterday. In particular, Moody’s said, the export-oriented and tourism sec-tors, including the electrical and elec-tronics industry which accounts for around 30% of Malaysia’s goods and services exports, will be hit hard by weak global demand, while domestic services will be constrained for as long as movement restrictions are in place.

It said the stimulus, slower growth and lower oil prices that will reduce government revenue are likely to push the fi scal defi cit up to 4-4.5% of gross domestic product (GDP) in 2020, from 3.4% in 2019. “Th is will result in the government debt burden rising to close to 60% of GDP in 2020, above the 36% median for A3-rated peers and the government’s self-imposed ceiling of 55%, which applies only to its direct debt.

“Our estimate assumes that the government reallocates part of its expenditure in its initial 2020 budget, including fuel subsidies, to the eco-

nomic stimulus,” it added. Moody’s said the one-off , temporary nature of the stimulus, with only one-tenth of the package involving direct spending by the government, limits the scope for substantial and sustained fi scal slippage while providing some sup-port for domestic demand.

However, it said Malaysia’s fi scal and credit profi le remains susceptible to a sustained period of weak global demand and oil prices.

“Crucially, Malaysia’s revenue base has narrowed and its dependence on oil and gas revenue has increased over the past two years, following the abolishment of the goods and services tax,” it said.

Meanwhile, it said the Islamic fi nance sector, which remains un-der-represented in the global fi nan-cial system, will continue to expand in 2020 and beyond as demand for shariah-compliant fi nancial instru-ments continues to rise. — Bernama

core Australian and New Zealand businesses, and is exploring options for its remaining Asian general insur-ance interests, including divestments when appropriate.

AmGeneral is the second-biggest auto insurer in Malaysia and insures one in six cars in the country, accord-ing to its website. It ranks in the top fi ve in overall market share for gen-eral insurance, as of the fi rst half of 2018, the website said.

Th e company has more than two million customers and a network of 7,000 agents and dealers marketing products under the AmAssurance and Kurnia brands. AmGeneral un-derwrote RM1.5 billion of gross pre-miums and earned RM220 million in net income in the fi nancial year ended March 2019, according to the insurer’s latest available annual re-sults. — Bloomberg

Suhaimi Badrul Jamil resigns as CEO of TH Heavy

Stimulus package to leave govtwith wider fi scal defi cit — Moody’s


DNeX sees rising interest in digitalisation amid movement curbsIt has become a necessity for businesses and organisations — executive deputy chairman

BY M U H A M M E D A H M A D H A M D A N

BY N U R U L H A N I S I Z M I R

KUALA LUMPUR: Dagang NeX-change Bhd (DNeX) expects rising interest in digitalisation among busi-nesses as they seek to ensure smooth operations during global crises like the Covid-19 pandemic which has prompted many countries to enforce movement curbs.

Its executive deputy chairman Datuk Samsul Husin said the tech-nology solution provider is aggres-sively pursuing opportunities to help narrow the digitalisation gaps across all sectors, riding on its core expertise in trade facilitation.

“Governments and corporate leaders are changing how they work amid [the] unprecedented situa-tion. Switching to full digitalisation or at least increasing the level of digitalisation is now an absolute necessity for businesses and or-ganisations,” Samsul told Th e Edge Financial Daily.

“Hence, we believe global spend-ing in IT (information technology) and digital technology will not slow-down but potentially increase given the current operating landscape, which augurs well for technology solution providers such as DNeX,” he added.

DNeX is involved in two business segments, energy and IT, with the latter contributing about 80% of the group’s revenue.

Th e group’s wholly-owned unit, Dagang Net Technologies Sdn Bhd, is the operator of the National Sin-gle Window (NSW), which facili-tates electronic customs-related transactions and duty payments, and electronic document transfer

between members of its trading community.

Th e platform processes over 100 million electronic transactions and RM1.8 billion worth of customs duty payment annually. It serves a diverse range of customers from logistics and manufacturing to re-tail and government.

Samsul said digitalised logistics and trade facilitation allow business-es to respond swiftly and mitigate limitations arising from increased mobility restrictions and social dis-tancing. Th is can be achieved by in-creasing reliance on digitalisation in cross-border trade processes.

Additionally, he said busi-ness-to-government and busi-ness-to-business communities across borders can be seamlessly connected.

“SealNet, our web-based one-stop system is designed to ease cargo and trade management processes, connecting exporters and import-ers with all relevant parties, such as freight forwarders and Customs, and enabling the exchange of trade data digitally.

“We believe smart logistics and trade facilitation ecosystem are much needed to ensure seamless trade, especially when the e-com-merce industries are growing rap-idly in the current situation,” added Samsul.

DNeX posted a lower net profi t of RM30.01 million for the fi nancial year ended Dec 31, 2019 (FY19), down 15.11% from RM35.35 million for FY18. Revenue was marginal-ly down to RM290.49 million from RM293.24 million.

Samsul said the group’s FY19 per-

formance was satisfactory despite challenges in the overall market.

For FY20, he said the group does not expect the movement control order, which has been extended by another two weeks until April 28, to have a signifi cant impact on DNeX’s fi nancials given that a large portion of its revenue comes from the IT division.

Samsul said the NSW for trade facilitation, for example, continues to operate during the partial lock-down period as it is part of essential services. Th e segment also corre-sponds to the level of trade activities in the country, including import and export.

Other ongoing projects under DNeX’s IT division include main-tenance of the Integrated Govern-ment Financial and Management Accounting System (iGFMAS) and

re-engineering the tax self-assess-ment system for the Inland Reve-nue Board.

On the group’s energy division, which is hit by the low crude oil pric-es, Samsul said the potential cut in capital expenditure spending by global oil companies can aff ect pro-vision of services in the upstream segment.

Last month, oil prices hit an 18-year low of US$22 per barrel. Th e price of Brent crude stood at US$28.27 (RM122.69) per barrel at press time.

“However, we are fortunate that our two major contracts, namely outdoor payment terminals and au-tomatic tank gauging (ATG) with Petronas Dagangan Bhd, which falls under our downstream business, will continue to generate a steady revenue stream,” he noted.

DNeX bagged the outdoor pay-ment terminal contract worth RM14 million on Feb 28. Th e one-year contract is for the supply of out-door payment terminals for Pet-ronas stations.

The ATG contract announced in July last year is for a period of two years, with an option to extend for another two years. Th e RM11.8 million contract is for the supply of ATG and its accessories for Petro-nas stations.

Besides Malaysia, DNeX also has operations abroad, including in the UK and Indonesia which have been badly hit by the global pandemic. At press time, the Covid-19 death tolls in the two countries stood at 12,107 (12.91% of total confi rmed cases) and 459 (9.49%), respectively, com-pared with 82 (1.64%) in Malaysia.

However, Samsul said DNeX mainly focuses on Malaysia and that it is in the midst of divesting its 30%-owned associate in the UK, Ping Petroleum Ltd. It was reported that the fi rm hopes to secure at least RM250 million from the sale.

“Meanwhile, in Indonesia, we have completed the submarine cable installation and repair project and are exploring other job opportunities there and in the region,” the deputy chairman added.

Moving forward, Samsul said DNeX will continue to pursue cost optimisation activities within the group to drive operational effi ciency and ensure earnings sustainability.

DNeX’s share price yesterday closed unchanged at 13 sen, valuing the company at RM228.55 million. Th e tech stock has lost more than half or 53.71% of its value year to date.

KUALA LUMPUR: Plantation experts are concerned about crude palm oil (CPO) exports from May onwards, Bernama reported, as demand for the commodity has been aff ected while nations around the world have been forced into lockdown mode to battle the Covid-19 pandemic, with no vaccine yet in sight.

The lower palm oil demand weakened CPO price to RM2,200-RM2,300 per tonne from the RM3,000 per tonne level in January. Even the 0.5% reduction in export duty to 4.5% for May is unlikely to boost palm oil export, plantation analysts told the news agency.

“Our current concern in terms of exports is the impact of the Cov-id-19 pandemic on palm oil de-mand among importing countries. If this pandemic leads to a pro-longed lockdown or movement

control order (MCO) in the im-porting countries, it may result in lower palm oil consumption, thus aff ecting palm oil exports,” Malay-sian Palm Oil Board director-gen-eral Dr Ahmad Parveez Ghulam Kadir told Bernama.

He said the 0.5% cut in export duty would not boost exports since 80% of palm oil exports are in the form of processed palm oil, which is not subjected to export duty.

Other factors to be considered in-clude price competitiveness among producing countries and competing oils, as well as availability of palm oil and domestic oils/fats.

AllianceDBS, however, remained optimistic, forecasting an export growth in the next couple of months for the commodity, with constant demand coming from China and India — countries with the world’s largest populations — on expecta-tions of mass production of food

and essentials like instant noodles, cooking oil and soap.

“Th e export growth in the next couple of months — especially to India and China — will be the key development to monitor, which can underline the resilience of CPO demand in the face of the virus out-break while keeping the stockpile stable. We assume that the partial lockdown in Malaysia, especially in Sabah, will not have any impact on CPO output,” it said.

Demand from the European Union (EU) and Pakistan will also boost export growth, it said. Exports to the EU rebounded 29% month-on-month (m-o-m) in March 2020 to 195,300 tonnes while exports to Pakistan rebounded 43% m-o-m to 67,000 tonnes. Th is helped to partially off set the lower exports to India, which fell by 97% m-o-m to 10,800 tonnes, as well as to China, which declined by 14% m-o-m to

148,000 tonnes, it said.On the performance of the plan-

tation counters on Bursa Malaysia, it said the companies have yet to fully recover from the recent bout of Covid-19-induced panic selling. “We like planters with good under-lying plantation assets (as measured by their CPO yield per hectare and margin metrics), as they can better withstand CPO price fl uctuations moving ahead. We have upgraded Sime Darby to a “buy”, joining the trio of FGV, KLK and TSH”.

At yesterday’s close, Sime Darby Plantation Bhd shares were up one sen at RM4.92, FGV Holdings Bhd was down two sen at 85 sen, Kuala Lumpur Kepong Bhd rose 20 sen to RM21 and TSH Resources Bhd settled half a sen lower at 63.5 sen.

Meanwhile, both AllianceDBS and MIDF Research expect the CPO price to stay at RM2,450 per tonne for this year.

On inventory, MIDF Research ex-pects the plantation sector to remain under pressure as demand loss due to Covid-19 lockdowns in major export markets and the India-Malaysia trade spat might outpace production level.

“There is also concern that the palm oil-based biofuel is los-ing its appeal in view of the sub-dued crude oil price. Nonetheless, we do not expect a drastic decline in CPO price towards the RM2,000 per tonne level. Additionally, the restocking activities ahead of the month of Ramadan and the possible gradual recovery of economic activi-ties in China could partially support export demand,” it said.

Palm oil stocks in March 2020 rose by 1.7% m-o-m to 1.73 million tonnes, due to higher CPO produc-tion and palm oil imports, as many sectors in the palm oil industry have been allowed to resume operations during the MCO period. — Bernama

Plantation sector experts concerned about May CPO exports

Samsul: Governments and corporate leaders are changing how they work.


Cocoa faces slump as virus lessens chocolate demandMalaysia’s 1Q data shows a 6.1% drop from the same period a year earlier

KUALA LUMPUR: Malaysia has agreed to cut its crude oil pro-duction by 136,000 barrels per day for May and June despite being a small producer and net importer of oil, its minister in charge of economic aff airs said yesterday.

It said it welcomes the supply reduction agreement among Or-ganization of Peroleum Export-ing Countries (Opec) members and allies, as it would stabilise the global oil market and ensure supply security for consumers.

“In line with the eff orts un-dertaken by Opec and non-Opec countries, Malaysia reit-erates our strong commitment to preserving the stability of the global oil market, despite being a small producer and net im-porter of oil,” Minister in the Prime Minister’s Department (Economy) Datuk Seri Mustapa Mohamed told Reuters.

Opec and allies led by Rus-sia, a group known as Opec+, agreed on Sunday to a record cut in output to prop up oil prices amid the Covid-19 pan-demic in an unprecedented deal with fellow oil nations, in-cluding the US, that could curb global oil supply by up to 20%.

Mustapa said despite the cuts, it is critical for Malaysia to preserve a favourable invest-ment climate since its upstream sector is a liberalised market with participation of more than 20 petroleum arrangement con-tract operators. — Reuters

Malaysia says it welcomes Opec+ pact to cut crude oil output

BY MARVIN G PEREZ & MANISHA JHA

BY MEI MEI CHU

E N T E R P R I S E E N T R E P R E N E U R S R I S E TO T H E C H A L L E N G E A M I D U N C E RTA I N T I E S

WHEN Ng Chic Wern, Wan Mu-hammad Hafiz, Wong Kok Siew and Ngow Fei got together to set up Gomad Bootcamp last September, little did they know that just as it was starting to really take off , they would be forced to cease all outdoor activities, owing to the movement control order (MCO).

Th e four partners had all been part of another boot camp. Th ey de-cided to start Gomad because they wanted to run a boot camp along diff erent lines, putting the custom-er (or “recruit”, as they are called in these army-style boot camps) fi rst and looking not just at their exercise regime, but at their health as a whole.

Ngow said the four partners were looking to introduce communi-ty-centred boot camps in diff erent areas, taking into account healthy diets according to individual needs, recovery and muscle improvement, among others.

“We listen to people, fi nd out what they want to eat and what healthy food suits them. It’s about everything healthy, a more holistic approach to fi tness,” she added.

Gomad did not invest in a gymna-

sium. Instead, the instructors would just rent a community hall where they could use the fi eld and basketball area for workout sessions. Th ey also bought equipment such as sand bags, sand balls and rifl es for the sessions.

To book a session, recruits would have to go to Gomad’s website and pay by credit card.

It had set up bootcamps in four lo-cations — Bandar Utama, Damansara Heights, Ampang and Subang — and was looking at a fi fth location when the MCO hit. Also, it was in the midst of an eight-week challenge and had to refund some of the money it had collected earlier. In fact, sales dropped 30% and there was also a matter of venue bookings that had already been paid for but which had to be cancelled. “We don’t know whether we will get a reimbursement.” When news of the MCO fi rst came out, the part-ners immediately came up with a game plan. If they could not hold a regular boot camp, they would shift their classes online.

“Before the MCO, we had sessions ons ite every Monday, Wednesday and Friday, at diff er-ent fi elds. Going forward, we could

Gomad goes online to stay sane and in business

still have those but do our virtual sessions every Tuesday, Th ursday and Saturday,” said Ngow.

“At fi rst, we used Facebook Mes-senger because we didn’t know how many people would join us, but it wasn’t smooth. More people wanted to join it, but Facebook Messenger limits the number of people who can participate. So, we shifted to Zoom and paid for sessions so they could last more than [the fi rst free] 40 minutes,” added Ngow.

Some of the partners had already been using Zoom for other purpos-es, so they were familiar with the application. Th ey introduced three sessions a week — on Monday, Wednesday and Friday.

Each instructor monitors his or her own group of recruits from diff er-ent laptops. While this may not sound ideal, Ngow said they bring the boot camp spirit to these online sessions. “Th e main benefi t of working out on Zoom under your instructor’s eyes

is that if you are tempted to stall, he or she can call out, ‘Hey! Come on! You can do it! Don’t stop!’”

Although the MCO has been a major disruption to Gomad’s mode of operations, Ngow believes her cli-ents understand and are supportive. “Th ey also understand that staying active while being locked down in the house is very important. Th ey are very pleased and very happy with it.”

Gomad has planned to off er virtu-al training in the future to those who cannot come to its training venues, including mothers who are not able to leave their children at home.

The MCO just accelerated its plans. “Before the MCO, we had ses-sions on site on Monday, Wednesday and Friday, at diff erent fi elds. Going forward, we could still have those but do our virtual sessions on Tuesday, Th ursday and Saturday.

“People like what we have to off er because we pay attention to what the recruits have to say and give them extra to make the whole thing more holistic. We call ourselves a military-inspired boot camp fi tness [operation] with a lifestyle-driven support system,” Ngow said.

(From left) Wong, Ngow, Hafi z and Ng.

NEW YORK/LONDON: Cocoa pro-cessing probably declined in the fi rst quarter (1Q) on falling choc-olate demand from retail outlets shuttered across the globe be-cause of the Covid-19 pandemic, according to surveys conducted by Bloomberg.

In Europe, the biggest consum-ing region, grinding may fall 3% from a year earlier, according to the median estimate in a survey of seven analysts, brokers and proces-sors. Estimates ranged from a drop of 1% to as much as 11%. North America faces a drop of 5.3%, the median of six projections for a de-cline of 3% to 7.5%.

Asian processing may slump 9%, according to four estimates. Th e region led expansion in grinding before the virus outbreak as com-panies set up facilities in countries including Malaysia to satisfy the growing demand for chocolate.

Cocoa prices have plunged by more than a fi fth in just two months.

Ivory Coast, the top bean pro-ducer, and Ghana, the second big-gest, imposed a premium of US$400 (RM1,736) a tonne for a so-called living income diff erential for the 2020-21 cocoa crop, boosting costs for processors. Futures in New York have dropped 9.9% this year.

“Chocolate demand will fall as a direct result of rising prices and a sharp contraction in econom-ic growth,” said Eric Bergman, a vice-president at JSG Commodities in Norwalk, Connecticut, the US. On top of the West African premi-um, “the pandemic is now acceler-ating the decline in consumption, as disposable income for luxury goods continues to decline”, he said.

The International Monetary

Fund estimated on Tuesday that global gross domestic product would shrink 3% this year. During the peak of the Great Recession, global cocoa grindings fell 6.3% in 2008-09.

The impact of the economic slowdown will be stronger in 2Q to refl ect the “lost retail sales, no going for dessert, no wedding sea-son of massive buff ets laden with chocolate desserts, no airport duty

free chocolate”, Judy Ganes, pres-ident of J Ganes Consulting, said in an email.

Malaysia’s 1Q data released yes-terday showed a 6.1% drop from the same period a year earlier. Th e Singapore-based Cocoa Association of Asia, which is expecting short-term disruption of cocoa processing because of the pandemic, is due to release Asia processing data tomor-row. — Bloomberg


Energy utilisation reeling from MCOTh e IEA sees power demand down by around 15% in countries with partial and full lockdowns

BY S I T I R A DZ I A H H A M Z A H


Stocks with momentum were picked up using a proprietary algorithm by Asia Analytica Data Sdn Bhd and fi rst appeared at www.theedgemarkets.com. Please exercise your own judgement or seek professional advice for your specifi c investment needs. We are not responsible for your investment decisions.

Our shareholders, directors and employees may have positions in any of the stocks mentioned.

S TO C K S W I T H M O M E N T U M

TRADING of shares in Rubberex Corp (M) Bhd (fundamental: 1.8/3, valuation: 0.6/3) triggered our momentum algorithm yester-day for the ninth time this year.

Th e company’s share price closed 4.85% or four sen higher at 86.5 sen. Some 10.42 mil-lion shares were traded, over seven times the counter’s 200-day average trading volume of 1.44 million shares.

On Monday, the company said Med-Bu-mikar Mara Sdn Bhd had ceased to be its sub-stantial shareholder after disposing of 67.31

million shares representing a 26.688% stake in the company via a direct business transaction.

Th e stake was sold to Hextar Global Bhd’s non-independent executive director Datuk Ong Choo Meng, who then transferred it to Erpstar Inc Sdn Bhd, which Rubberex said emerged as its new substantial shareholder on the same day.

Rubberex manufactures household and general-purpose gloves, industrial gloves, and nitrile disposable gloves for exports. It has a production facility located in Bercham, Ipoh.

TRADING of shares in Solid Automotive Bhd (fundamental: 0.75/3, valuation: 0.9/3) trig-gered our momentum algorithm yesterday for the seventh time this year. Th e last time the counter triggered our momentum algo-rithm was last Friday.

Solid Automotive shares closed 6.56% or two sen lower at 28.5 sen. Some 6.06 million shares were traded, more than four times the counter’s 200-day average trading volume of 1.36 million shares.

Solid Automotive’s net profi t for the second

quarter ended Oct 31, 2019 fell to RM112,000 from RM715,000 a year earlier, due to higher operating expenses, though revenue doubled to RM72.03 million from RM35.86 million.

For the cumulative six months ended Oct 31, 2019, the group’s net profi t rose 28% to RM1.09 million from RM851,000, while reve-nue more than doubled to RM137.08 million from RM65.36 million.

Solid Automotive is involved in the trad-ing of automotive electrical parts and com-ponents.

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

0.601.807.85

-1.012.42

208.06252.20

0.780.40-0.86

*Valuation score - Composite measure of historical return & valuation**Fundamental score - Composite measure of balance sheet strength& profitabilityNote: A score of 3.0 is the best to have and 0.0 is the worst to have

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

0.900.75

71.54(2.59)

0.84-

120.61395.46

0.470.26-0.36

*Valuation score - Composite measure of historical return & valuation**Fundamental score - Composite measure of balance sheet strength& profitabilityNote: A score of 3.0 is the best to have and 0.0 is the worst to have

RUBBEREX CORP (M) BHD (+ve) SOLID AUTOMOTIVE BHD (-ve)

KUALA LUMPUR: Th e fallout from Covid-19 has resulted in a signifi cant impact on various sectors across the board, especially energy consump-tion, as the economy is operating at only about 45% capacity amid the movement control order (MCO) that is gripping the country.

Th e International Energy Agen-cy (IEA) estimated that electricity demand in countries with partial and full lockdowns has declined by around 15% in markets where strong confi nement has been adopted.

“Th is is a huge amount for a sector that tends to be highly predictable and where planners seek to precisely forecast energy demand in real time in order to match with supply,” Insti-tute for Democracy and Economic Aff airs senior fellow Dr Renato Lima de Oliveira told Bernama.

Energy is a key input of all eco-nomic activities, and when business suff ers, such as during recessions, it hurts the demand for energy con-sumption.

“Th e major diff erence this time is that the shock has been less gradual than a typical economic recession and it has impacted much more oil than electricity consumption,” said de Oliveira.

How Malaysia’s energy sector fareSingle Buyer — Malaysia, a ring-fenced entity entrusted to man-age planning and procurement of

electricity, recorded 25,245.902mw of current installed capacity as of Feb 9 but current demand stood at 12,729mw as of Monday, due to business closure amid the MCO.

De Oliveira said the Malaysian economy is increasingly based on the service sector, so a hit to the power industry as manufacturing is halt-ed during the MCO will be smaller than what would have been the case some years ago.

“Since 2004, the share of power industry in gross domestic product (GDP) has been going mostly down. Th e good news is that, in the servic-es sector, it is easier to work from home, as many of us have been do-ing lately, increasing our electricity consumption at the household lev-el,” he added.

Comparatively speaking, the hit to the economy would have been even worse if most jobs were re-quired to be at the factory fl oor, said de Oliveira.

State-owned utility provider Tenaga Nasional Bhd (TNB) has reported that electricity demand may drop due to Covid-19 but expected its earnings to be largely unaff ect-ed as the group is shielded by the regulated asset base structure for power transmission and distribu-tion, as well as the power purchase agreement schemes for electricity generations.

In light of Covid-19, TNB’s 51%-owned subsidiary Southern Power Generation Sdn Bhd (SPG) has made a force majeure declara-

tion due to the MCO and restrictions in countries where the engineering, procurement and construction spe-cialist supporting the project resides.

Force majeure refers to unfore-seeable circumstances that prevent a party from fulfi lling a contract.

Th e force majeure declaration would incur a possible impact on SPG’s 2x720mw combined cycle gas-fi red power plant project in Pasir Gudang, said Malaysian Rating Corp Bhd recently.

Th e fi rst phase of the MCO from March 18 to 31 required non-essen-tial businesses to stop operations, while the public was ordered to stay home to curb the pandemic. It has already been extended twice, with the third extension from yesterday until April 28.

De Oliveira said the continua-tion of the measures to keep peo-ple at home will aff ect the demand for energy.

“It is a high price we are paying for what hopefully will be a greater good with the control of Covid-19, less crowded hospitals, and the pos-sibility of fully re-engaging in eco-nomic activities without the shadow of a growing number of infections,” he added.

The oil marketIn contrast, the decline in the oil market has been even higher by as much as 27%, as fl ights are cancelled, people leaving their cars parked out-side while working from home, and goods not being moved across coun-

tries, said de Oliveira.Brent crude eased 0.76% to

US$31.50 (RM136.71) per barrel at the time of writing, which is about a stunning 50% drop year to date.

“Th is has been a true catastrophe for the oil market at the same time that Saudi Arabia discounts its selling price and promises to pump more oil, leading to historic price drops. So, the power sector, comparatively speak-ing, has been spared of the worse and will more likely quickly recover once the economic engine restarts.

“Th is is unclear for oil, particular-ly if work-from-home arrangements continue, reducing demand for liq-uid fuels, and sanitary barriers are imposed on people crossing coun-tries, which will lead to less fl ights,” he said.

Thirteen-nation Organization of Petroleum Exporting Countries (Opec), Russia, and other allies met on Sunday to clinch a deal to reduce production by 10 million barrels per day, the biggest oil cut ever, to fl oat oil prices.

Th e oil market has been severely aff ected by Covid-19, as the com-modity market witnesses a slow-down in demand.

Initial eff orts to cut oil production was blocked by Mexico, after the coun-try cast doubts on Opec’s plan and refused to sign up for its share of cuts.

Prolonged depressed oil price and revenue environment as well as production decline would likely continue to present major challenges for oil and gas companies, especial-

ly for those at risk of being unable to refi nance debts or meet existing debt covenants.

Energy effi ciency across countriesIt is also important to point out the diff erences in energy effi ciency across countries and as economies industri-alise, they tend to increase their ener-gy consumption per wealth created.

Th is is measured by the energy intensity index, which calculates how much energy one needs in or-der to generate one unit of econom-ic output.

“However, when economies shift from manufacturing-based growth to a higher share of services, like most highly developed countries now-adays, wealth tends to grow faster than the need for energy.

“Th e result is that they become more energy-effi cient, as they need less energy to generate more wealth,” said de Oliveira.

Compared with South Korea, Vi-etnam or Th ailand, Malaysia is more energy-effi cient at 4.682 megajoules (MJ) per US dollar of GDP, as well as better than the world average of 5.131MJ.

But it is still far from the average consumption of the European Union member states of 3.767MJ.

The transformation towards a high value-added service sector is not done yet, but the trend is clear. Th is will allow it to grow faster than the need to add more power gener-ation to the grid. — Bernama

1 0 H O M E THURSDAY APRIL 16, 2020 • THEEDGE FINANCIAL DAILY

Agong, PM hold pre-Cabinet meeting via video conference KUALA LUMPUR: Yang di-Per-tuan Agong Al-Sultan Abdul-lah Ri’ayatuddin Al-Mustafa Billah Shah convened yes-terday’s pre-Cabinet meeting with Prime Minister Tan Sri Muhyiddin Yassin via a video conference from Istana Nega-ra. Comptroller of the Royal Household of Istana Negara Datuk Ahmad Fadil Shamsud-din said it was the fi rst time the meeting was held via a vid-eo conference as the coun-try entered the third phase of the movement control order yesterday and extending to April 28 to curb the spread of Covid-19. — Bernama

Contract worker fi nedfor off ences atpolice roadblock KANGAR: A contract labourer was fi ned by the Magistrate’s Court here yesterday for ob-structing a policeman on duty at a roadblock mounted under the Covid-19 ops last Sunday. Magistrate Kamaliza Md Zain meted out the fi nes on Ong Woi Hong, 29, who pleaded guilty to all the charges. Ong was fi ned RM3,000, in default six months’ jail, for obstruct-ing the policeman from dis-charging his offi cial function at Jalan Raja Syed Alwi here at 10.45am on Sunday, and RM100 for insulting behaviour by using off ensive words on the policeman. — Bernama

Car park attendant held over face mask scam involving RM62,000 SEREMBAN: A man was de-tained to facilitate investigations into a scam involving the sale of face masks via Facebook, with losses amounting to RM62,000. Th e 29-year-old suspect, who works as a car park attendant, was arrested in Gombak, Se-langor, on Tuesday and is be-lieved to be involved in three fraud cases in Sungai Karangan, Kedah; Kota Baru, Kelantan and Senawang, near here. Negeri Sembilan Commercial Crimi-nal Investigation Department head Supt Aibee Ab Ghani said in the Senawang case, a vic-tim had contacted a woman to buy 800 boxes of face masks for RM38,000. — Bernama

Penang calls for immediate cloud seeding in northern peninsula GEORGE TOWN: Perbadanan Bekalan Air Pulau Pinang (PBAPP) has urged the mete-orological department to accel-erate cloud seeding operation in the northern peninsula to address the low water levels in six major dams in Penang and Kedah, following the unusual drought. PBAPP chief executive offi cer Datuk Jaseni Maidinsa said as of Tuesday, the eff ective capacities of the major dams in Penang, namely Air Itam, Teluk Bahang and Mengkuang, was at 33.3%, 20.9% and 68.3% respec-tively. — Bernama

I N BR I E FChildren suff er strain of staying at homeTh e MCO can have an emotional impact on them — expert

BY E R D A K H U R S Y I A H B A S I R


KUALA LUMPUR: “My child is cry-ing because we don’t take him out.” “My son is stuck with his phone playing games all day long. I’ve no heart to stop him because I know he’s bored cooped up at home. Even I’m bored!”

Th ese are among conversations parents are having on Facebook and WhatsApp groups. Since the en-forcement of the movement control order (MCO) on March 18, most par-ents and children have been holed up in their homes 24/7. No school, no kindergarten and no visits to the playground, shopping centres and supermarkets, and no fun-filled trips to the kampung.

Being homebound for weeks can be torturous for children who are naturally active and enjoy outdoor activities.

Prolonged restrictions on move-ment can have an emotional impact on children, particularly preschool-ers and primary school-goers, ac-cording to psychologist Professor Datin Dr Mariani Md Nor.

“Th ey get bored and even grow anxious because they can’t go to school and play with their friends. Th ey feel (like) they are being shack-led and may demonstrate their dissatisfaction by becoming rebel-lious, more so when their parents don’t understand how they feel,” explained Mariani from the Depart-ment of Educational Psychology and Counselling, Universiti Malaya.

However, children aged be-tween three and five who are usually sent to daycare centres or nurseries may not be aff ected by the MCO because they would be happy to stay at home with their parents, she said.

Interesting activitiesTo prevent boredom from setting in, Mariani, who is also Early Childhood Care and Education Council deputy president, urged parents to create a daily timetable for their children and allocate time for playing, studying and participating in activities.

“In this technological era, parents have to be more creative in planning activities that hold their children’s attention and excite them,” she said.

She suggests setting aside a spe-cial space in the house for the chil-dren to do drawing, colouring and artworks. Th is is also a good time to organise indoor camping sessions for them and sharpen their skills at playing traditional games such as congkak and batu seremban, as well as board games.

Besides doing their homework and taking part in online teaching sessions that some teachers are con-ducting, children would also benefi t from “live tutorials” on cooking, wash-ing and arranging cutlery and dishes, decorating the house and gardening.

Online lessonsMuhamad Fizri Jamal, a teacher at Sekolah Kebangsaan Parit Lapis in Batu Pahat, Johor, is doing his part to help his students pass their time fruitfully at home by conducting les-sons for them through WhatsApp.

“We want them to think about school, their lessons and studying. We can’t teach them like how we do in the classroom but at least with this online initiative, we can still monitor them and ensure they have done their homework,” he said.

Muhamad Fizri said by giving them school work to do, the chil-dren are less likely to feel bored and lethargic or spend too much time staring at their electronic gadgets.

He said the WhatsApp learning initiative is supported by the school administration and district education offi ce which provides teaching re-sources and materials to the teachers.

“Most of our students have access to smartphones with the WhatsApp feature and we conduct our lessons via audio and video recordings,” he

said, adding that there is no fi xed time for the students to follow the lessons.

Using the audio or video teach-ing format also allows the students to listen to or watch the recordings repeatedly to understand the topic better or for revision purposes, add-ed Muhamad Fizri, who has been an English language teacher for the past 10 years.

Children with Covid-19Although not many children have contracted Covid-19, the stories of some children who were affected by the disease have gone viral on social media and touched the hearts of netizens.

One of them is two-year-old Mu-hammad Fateh Aqil Mohd Nazmee from Kelantan who has blood cancer and was tested positive for Covid-19. Th e child was due for his chemother-apy session at Hospital Universiti Sains Malaysia in Kota Baru but this had to be postponed after his Cov-id-19 test results were known.

Th e videos of children being taken away from their homes by hospital staff dressed in personal protective equipment went viral on Twitter and brought forth comments such as “Th is breaks my heart... imagining he’s my own little brother”; “Just imagine how the parents are feeling, their child is taken in an ambulance and they can’t go with him”.

Mariani said any child would be emotionally aff ected when suddenly separated from his or her parents and family members.

“Th ey would feel anxious, afraid and fearful. If they are still young, they don’t understand what they are suf-fering from. Worse still, they have to face it alone without their parents by their side. Th is is emotionally painful for the child. — Bernama

KUALA LUMPUR: Th e Institute for Democracy and Economic Aff airs (IDEAS) has urged the government to look at digital solutions to bridge the gap among students, given the current situation with the move-ment control order (MCO), noting the current education system’s lack of digital preparedness.

Briefl y, the think tank’s research manager of social policy unit, Ya Hin Wan, proposed recommen-dations for two likely scenarios — in the event that the MCO is extended further and also when schools reopen.

She identifi ed several challenges to be addressed relating to educa-tion, such as the digital gap among students, the education system’s

lack of digital preparedness, food access among poor families and the children’s mental well-being.

In the event of a further exten-sion of the MCO, Ya proposed the distribution of devices and greater access to online classes to reduce the digital divide.

“In terms of access, the pre-requisite to learn via the online platform would be to have Inter-net and a device such as a com-puter, laptop, tablet or smart-phone. In urban areas, there are complaints that children have to share devices and they could not fully utilise the lessons online due to slow Internet connections or lack of devices.

“However, in rural and remote areas such as the Orang Asal villag-es in Peninsular Malaysia, Sabah

and Sarawak, the coverage of the Internet is limited. Some villages do not even have access to electricity, or it is very limited for night-time usage,” she said.

Parents would also need to be educated, in order to help provide guidance to their children, as chil-dren with parents who are less ed-ucated would be left to fi gure out themselves on how to utilise and learn via the platforms.

She also proposed the further expansion of digital lessons through television to provide more classes to children of all ages and throughout the day and for the encouragement of parents to instil learning outside the classroom.

Besides learning, Ya also pointed out that students from poor fam-ilies are at a higher risk of going

hungry during the MCO, given that the livelihoods of poor families are more likely to be aff ected.

She said this would be the time to reach out to poor families as soon as possible or risk these children going hungry.

When schools are reopened, Ya suggested that the government should consider improving hygiene and sanitation in schools, imple-menting a monitoring and preven-tion a plan to prevent and respond to cases of infection in schools as well as expanding coverage of digi-tal access to include all children in Malaysia in the long term.

“While the Covid-19 pandemic has caught us off guard, the current situation would continue to be the ‘new normal’ for all of us, including our children,” she said.

Consider digital solutions for education, IDEAS tells govt

Being homebound for weeks can be torturous for children who are naturally active and enjoy outdoor activities. Photo by Bernama

B R O K E R S’ C A L L 1 1THURSDAY APRIL 16, 2020 • THEED G E FINANCIAL DAILY

Kossan likely to gain from glove demand outstripping supply

Leong Hup International Bhd(April 15, 56.5 sen)Downgrade to hold with a lower target price (TP) of 56 sen: We downgrade our rating on Leong Hup International Bhd to “hold” with a lower TP of 56 sen (from 92 sen earlier), based on revised valua-tion of 15 times fi nancial year (FY20) earnings per share of 3.7 sen, as the imposition of Covid-19 lockdowns in the Southeast Asia region (where Leong Hup operates in) has result-ed in weaker demand and prices of poultry products, particularly day-old chicks (DOCs) and broilers.

Th e weaker demand from insti-tutional customers (such as full-ser-vice restaurants, hotels, and food and beverage outlets) is more than off setting the stronger poultry de-mand from retail markets (for fresh chickens and further processed products).

While demand for livestock feed, eggs and further processed products remains resilient so far, we note that these are insuffi cient to mitigate the weaker demand and prices of DOCs and broilers.

It is unlikely for demand and av-erage selling prices (ASPs) to recover swiftly to pre-lockdown levels (even if lockdowns are to be lifted soon), as we believe social distancing prac-tices will likely remain for a while, resulting in persistent weak demand from institutional customers.

Th e Indonesian government had historically instructed poultry play-

ers to cull hatching eggs, in a move to support poultry prices. However, such move is unlikely to happen in the near term in our view, in order to ensure ample food supplies.

In terms of the feed mill seg-ment, although corn prices (the key feed materials) have declined by more than 15% since October, the management is maintaining its feed inventory of three months, and will not engage in more aggressive inventory replenishing activities.

While expansion plans remain intact for now, Leong Hup’s man-agement shared that completion dates of the current expansion pro-jects will likely be delayed, as the lockdown has resulted in construc-tion activities being suspended. Be-sides, we do not discount the pos-sibility of Leong Hup scaling back some of its regional expansion plans (which have yet to be embarked on), in an attempt to conserve cash fl ow amid the challenging operating environment.

Given the weak demand and prices (which will likely persist until beyond the fi rst half of 2020, de-pending on how soon the Covid-19 cases will subside), we slash our FY20-FY21 core net profi t forecasts by 27.6% and 22.8% to RM135.5 million and RM175.9 million re-spectively, largely to account for lower ASPs and sales volume as-sumptions for DOCs and broilers. — Hong Leong Investment Bank Research, April 15

Leong Hup may scale back expansion to conserve cash fl ow amid challenges

Kossan Rubber Industries Bhd(April 15, RM5.51)Maintain outperform with a high-er target price (TP) of RM6.30: Th e stage is now set for a solid fi nancial year 2020 (FY20) after three quar-ters of anaemic quarterly earnings growth. Looking ahead, forward earnings growth will be amplifi ed by a ramp-up of restocking activ-ities due to the current Covid-19 pandemic and further boosted by better margins from higher average selling prices (ASPs).

Longer delivery lead times are indicating that demand will out-strip supply at least over the me-dium term. Th e Malaysian Rubber Glove Manufacturers’ Association has forecast a 20% demand growth to 230 billion pieces in 2020.

We believe Kossan Rubber In-dustries Bhd will benefi t from the robust demand which has led to industry longer delivery lead times (the moment order was placed to delivery) which has risen to an av-erage of between 80 and 100 days compared with 40 to 50 days nor-mally.

Signs of demand outstripping supply could potentially lead to higher ASPs. Looking at the stable raw material prices, ceteris pari-bus, hikes in ASPs are expected to lead to expansion of margins. We understand that Kossan has raised prices by 3%-5% in anticipation of higher demand and we also noted the industry’s current high utili-sation rate of more than 90% for nitrile-centric players sets a stark contrast compared to the lacklustre demand in 2019.

We expect its first quarter of FY20 (1QFY20) profi t after tax and minority interests (Patami), due to

Crest Builder Holdings Bhd(April 15, 71.5 sen)Maintain buy with an unchanged fair value (FV) of RM1.76: We maintain our “buy” recommenda-tion on Crest Builder Holdings Bhd with an unchanged FV of RM1.76 based on sum-of-the-parts valua-tion. We made no changes to our net earnings forecasts for fi nancial years 2020 to 2022 (FY20–FY22).

The construction progress of Crest Builder’s projects was 10% to 15% ahead of schedule in average prior to the movement control or-der (MCO). Its management noted that post-MCO, construction jobs will need to increase their work shifts to clear backlogged work due to the MCO.

We believe Crest Builder’s con-

Kossan Rubber Industries Bhd

FYE DEC (RM MIL) 2019A 2020E 2021E

Turnover 2,221.6 2,468.5 2,589.9 PBT 280.1 327.2 343.6 Net profit (NP) 224.8 263.3 281.0 Consensus (NP) - 268.2 291.9 Core EPS (sen) 17.6 20.6 22.0 Core EPS growth (%) 12.0 17.1 6.7 NDPS (sen) 6.0 6.0 6.0 BVPS (RM) 1.12 1.26 1.42 Core PER (x) 30.2 25.8 24.2 P/BV (x) 4.8 4.2 3.7 Net gearing (%) 28.2 24.6 19.1 Net dividend yield (%) 1.1 1.1 1.1Source: Kenanga Research

be released by end-May, to be high-er quarter-on-quarter (q-o-q) and year-on-year (y-o-y) due to its new capacity expansion from Plants 18 and 19 and better margins due to higher operating effi ciencies from the new plants.

For illustration purposes, with the full-quarter commencement of Plant 18, and partial commence-ment of Plant 19, net margin of 10%, and ASP of 9.5 sen/piece; 1QFY20 Patami could come in at RM66 mil-lion to RM68 million (+8% to +11% q-o-q; +12% to +16% y-o-y), fit-ting within our/consensus full-year forecasts at 25%/24% respectively.

Anecdotal evidence could potentially suggest a potential price-earnings ratio rerating as Ko-ssan is embarking on an aggressive capacity expansion as opposed to its past historical conservative expansion stance. Recall, beyond Plant 19, land clearing is underway in the Bidor plant, and the fi rst plant is expected to start commercial op-

eration sometime in 2021, earlier than the previously targeted 2022.

We understand that Plant 18 (2.5 billion pieces) was fully commis-sioned in November 2019. Plant 19 (three billion pieces) currently has two to three lines commissioned and another two are expected to be commissioned soon and on track for full operations by the fi rst half of 2020. Upon completion, these three new plants will bring the group’s total installed capacity to 32 billion (+28%) pieces of gloves per annum.

We roll forward our valua-tion from the estimated FY20E to FY21E. Our TP is raised from RM5.90 to RM6.30 based on 28.5 times FY21E earnings per share (at +1.5 standard deviation above a fi ve-year historical forward mean). We expect the valuation gap to narrow considering that Kossan’s net profi t growth is 17% versus in-dustry average of 13%. We reiterate an “outperform” call. — Kenanga Research, April 15

Crest Builder’s medium-term outlook seen positive on job wins struction division will remain profitable in FY20–FY21 with a strong outstanding order book of RM1.24 billion. Meanwhile, the engineering division has secured some small projects during the MCO. Although small in amount, the revenue will be able to cover some of Crest Builder’s costs dur-ing the MCO.

Crest Builder manages the concession (51% stake) of the 5,000-student capacity of the UiTM Tapah 2 campus with the minis-try of education and Universiti Teknologi Mara (UiTM). UiTM’s Tapah campus receives an annu-al concession income of RM43.5 million (until January 2034). Th e management indicated that there has been no disruption of income

from the concession despite the MCO.

For the property development division, Crest Builder is planning a mixed commercial project, Lat-itud8, a joint venture with Prasa-rana Malaysia Bhd. Building on top of the Dang Wangi light rail transit station, the project has a

gross development value (GDV) of about RM1.1 billion and is sched-uled for launching by the end of 2020. Crest Builder is also plan-ning another mixed development in Kelana Jaya, comprising retail units, serviced residential suites and offi ces. Th e project has a GDV of about RM1 billion and is target-ed to be launched in 2021.

We made no changes to our FY20–FY22 earnings forecasts at this juncture. To recap, we have cut our FY20–FY21 earnings by 6.8% respectively in our previous sector report dated April 9, 2020 to refl ect the impact of the MCO and its spillover eff ects on the economy which may result in lower revenue recognition.

We believe Crest Builder’s me-

dium-term outlook is positive, an-chored by several construction wins in the past few months while the upcoming launches will be among its major earnings contributors be-yond FY21. Crest Builder also has a stable income from the concession arrangement. Moreover, we believe the value of its investment proper-ties deserves more attention.

Our FV is unchanged at RM1.76 implying forward price-earnings ra-tios (PER) of 15.5 times, 14.2 times and 10.6 times for FY20, FY21 and FY22 respectively. Th e stock is cur-rently trading at an undemanding forward PER of four times to 5.8 times for FY20–FY22. Th is off ers a potential upside of more than 100% and a dividend yield of 5.3%. — AmInvestment Bank, April 15

Leong Hup International Bhd

FYE DEC (RM MIL) 2018A 2019A 2020F 2021F 2022F

Revenue 5,746.6 6,054.8 5,986.0 6,290.5 6,600.6Ebitda 654.6 650.5 592.7 671.3 732.8Ebit 457.5 425.0 368.7 433.2 489.7Finance cost -109.5 -136.6 -125.0 -116.8 -103.2Associates 0.6 0.4 0.5 0.5 0.5Profit before tax 348.6 288.8 244.2 316.9 387.0Tax -101.8 -75.8 -63.5 -82.4 -100.6PAT 246.8 213.0 180.7 234.5 286.4Non-controlling interests -60.6 -62.4 -45.2 -58.6 -71.6Reported Patami 186.2 150.6 135.5 175.9 214.8Exceptionals 33.4 6.5 0.0 0.0 0.0Core Patami 219.6 157.1 135.5 175.9 214.8Consensus core Patami 180.1 209.4 224.7HLIB/consensus (%) 75.2 84.0 95.6Source: Hong Leong Investment Bank Research

The construction progress of Crest

Builder’s projects was 10% to 15% ahead of schedule in average

prior to the movement control order.

1 2 C O M M E N T THURSDAY APRIL 16, 2020 • THEEDGE FINANCIAL DAILY

Post-virus reopening is more about ethics than scienceScientists can give us the information we need to make an informed decision

REOPENING the US economy is going to be a slow, painful process and nothing like turning a light switch back on. Economic activity and employment are going to be down signifi cantly for a while. If there is any good news for work-ers, it is that the economic activity that does occur will be more la-bour intensive than it was before Covid-19 dealt such a huge blow to the economy. We were used to the past couple of rebounds from recessions being jobless recoveries, but this one will be very diff erent.

A good way to start thinking about this is to focus on business-es that have continued to oper-ate throughout the crisis such as grocery and big-box stores. En-hanced sanitation standards and social distancing requirements will mean that companies have to spend more on intensive cleaning by janitorial staff than they did be-

Be prepared for the profi tless Covid-19 recovery

There is no safe way to emerge from our col-lective shelter-in-place orders and restart the economy before an ef-fective Covid-19 vac-

cine arrives — but there are smart, science-based ways to do it.

Th e question cannot be left en-tirely up to experts. It is not a safety problem so much as an ethical one; many of us would accept a certain risk of death for the chance to re-turn to a more fully lived life. But putting ourselves at risk means putting others at risk — and some are much more likely to die.

Th at said, scientifi c facts, clearly communicated, can help us make an informed decision about when to reopen. And as to that, experts have some good ideas. Former Centers for Disease Control and Prevention director Tom Frieden laid out some in a recent virtual press conference. Now chief exec-utive offi cer of a public health ini-tiative called Resolve to Save Lives, he and his colleagues have come up with three criteria to determine when we can regain our freedom.

First is evidence that infection rates are going down even as testing is increasing. Th ere are signs this is close to happening in California, and New York may not be far be-hind. Cases are still on the rise in many other states, but there is good

reason to think social distancing measures will turn that around in late April and May. (Th e Frieden plan would also call for a new phase of shelter in place if cases start to rise enough to again threaten to swamp the healthcare system.)

Th e next requirement is crea-tion of testing and contact tracing infrastructure on a massive scale, so that everyone who feels symp-toms can get tested, and anyone else who came into contact with them can, too.

The final piece is a stronger healthcare system. That means every hospital staff must have ad-equate masks and other protective gear, and every hospital must have the capacity to deal with a quick doubling of intensive-care patients. We will also need new healthcare facilities for homeless people and others who are not equipped to recover at home if they get sick but do not require hospitalisation.

The importance of preparing the healthcare system cannot be underestimated, says Purdue virol-ogy professor David Sanders. Th at means preparing all healthcare workers, not just the ones treating Covid-19 patients. A certain num-ber of people coming to doctors or hospitals for other reasons will be infectious, putting doctors or nurs-es at risk of picking up the virus and spreading it to other patients. Nursing homes, too, will have to implement changes that make it

less likely for the virus to spread among residents.

Testing 5–10 million people every single day is the crux of a similar plan devised by a group of academics headed by Harvard political science and ethics profes-sor Danielle Allen. It is expensive for sure, but less expensive than staying confi ned to our homes or allowing the virus to ravage the country, Allen and her collabora-tors say. Economist Rajiv Sethi, one of the architects of that plan, said that regular testing should start with healthcare workers, people in the food industry and sanitation workers before being extended to the general population.

Testing would be combined with contact tracing — done at least partly through smartphone track-ing, says Sethi, who is a professor at Barnard College, Columbia Univer-sity and an external professor at the Santa Fe Institute. Singapore and several other countries are already doing this, and last week Apple Inc and Google Inc announced plans to create a Bluetooth-based con-tact tracing application. In theory, once a person tests positive, the system could alert everyone that person recently came into close contact with. Th ose people could then quickly get tested.

With all of these plans, the tim-ing depends on how much the fed-eral government can commit to them.

Another possibility, without such a massive investment in testing and contact tracing, is in-termittent social distancing. In a paper published on Tuesday in Science, Harvard epidemiologist Marc Lipsitch and colleagues ex-amined how that might play out. If we are lucky and people who have had the infection remain immune for a year or more, relaxing social distancing over the summer would have the advantage of building up some herd immunity — lessening future spread by reducing the num-ber of susceptible hosts.

Still, another big peak would probably appear in the fall, es-pecially if there is some seasonal variation, and so we would need good surveillance to start the next phase of social distancing early. Such intermittent periods of social distancing might go on until 2022 barring a vaccine or big advances in treatment.

Peter Sandman, a risk commu-nication consultant who showed foresight in early February, says in an email that we also need better public understanding. Many people do not really understand why we are sheltering in place. If you ask them, they will say something about fl attening the curve, but when you press on what that means, he said, “they get hazy”.

Th ey think they are unlikely to get sick if we reopen at the right time and they follow the expert ad-

vice on hand washing. “Th at would be mistaken,” he says. Scientific advances may help future infection and death rates, as we learn more about how the disease is spread, how much immunity people retain after infection, and which treatment options work best for the severely ill. But people will get infected no matter when we reopen the coun-try, and some of them will die. Th at needs to be understood.

Keeping the economy locked down is not “safe” either, says Sand-man. Somewhere, someone is not getting a malignant breast tumour checked, and someone who lost a job will commit suicide.

Conversely, reopening the econ-omy does not mean going back to business as usual. There will be businesses that do not exist any-more, warns economist Sethi. Peo-ple will have to retrain for diff erent kinds of jobs. We will be restarting an economy, but it will not be the same economy.

Frieden, in unveiling his sci-ence-based plan, quipped that it had to be about data, not dates. But Allen’s group, informed by ethics and economics, points out that it is bad for morale and businesses to quarantine people indefi nitely.

Ultimately, the choice of when to reopen one is not a scientific question, but a moral one informed by science: how much Covid-19 risk are we willing to accept? — Bloomberg

BY FAY E F L A M

BY C O N O R S E N fore, and they likely will not be able to cut workers’ hours in direct pro-portion to reduced customer traffi c.

It will likely be a similar story for bars and restaurants. Right now res-taurants that continue to operate are relying on drive-through window and takeout business to sustain some level of activity. But even after sit-down business resumes, it will likely be with mandatory social distancing and fewer tables and bar seating. Th is might mean that a restaurant has a 50% reduction in sales but only a 25% decline in labour costs.

Social distancing requirements for transportation will mean some-thing diff erent: In the off -chance event that demand comes close to normal before the virus has passed, we may end up with even more cars on the roads and traffi c jams as peo-ple avoid public transportation. Air-lines are now blocking off middle seats to enforce social distancing. With air traffi c down more than 90%, this is not much of a sacrifi ce right

now. But this means that even in the best case, airplanes will be running at two-thirds occupancy but still need both a pilot, a co-pilot and a crew on all fl ights. For more normal day-to-day travel, taxis, limousine and ride-hailing services may be restricted to two passengers instead of four, and cities may need to run even more buses on popular routes to avoid overcrowding.

Manufacturers will have to adopt social distancing and enhanced san-itation protocols as well. Workers who are spaced farther apart and working at lower speeds will be less effi cient, but production will likely fall more than labour hours do.

Th ese only represent the changes at the individual company level, but restarting the economy on a large scale may require new administra-tive systems that test and trace for the virus. Massachusetts is hiring 1,000 people to work on contact tracing — calling people who recently tested positive for the virus and follow-

ing up with everyone they came in close and sustained contact with in the days before they tested positive. Extrapolating that out to the coun-try as a whole might mean 50,000 people working on contact tracing, and it is possible that number could be an underestimate based on how widespread the virus is.

We may also need new public health security systems akin to met-al detectors at airports and sports stadiums, not to mention large of-fi ce buildings. Temperature checks may become commonplace for a while, either by humans wielding thermometers or with technolo-gy-based systems. Th e former would be labour-intensive and time-con-suming, and the latter would need someone to build the hardware, write the software and maintain the systems.

Th rough a mix of decisions made by employers and new laws and guidelines drafted by policymakers, there is also a good chance that wag-

es for frontline workers, whether in hospitals, grocery stores and public transportation systems, rise — at least for a while — to account for the added risk of their jobs. Some workers who previously lacked paid time off are now getting these bene-fi ts, which is good both for workers and customers who come in contact with those workers.

Th ere continues to be an incred-ible amount of uncertainty about what the economy will look like dur-ing the next several months, from how much economic activity will be lost, how quickly the economy can return to normal and how long the virus will alter behaviour. But this economic recovery will not look or behave like ones we have had in the past because of the labour-intensive, public health measures that will be an essential part of the reopening process. So instead of the jobless recovery that we might normally expect, we might have a profi tless one instead. — Bloomberg

W O R L D B U S I N E S S 1 3THURSDAY APRIL 16, 2020 • THEED G E FINANCIAL DAILY

Adidas gets €3b government-backed loan over pandemicFRANKFURT: German sports retailer Adidas said on Tuesday it has received approval for a syndicated €3 billion (RM14.2 billion) government-backed loan to mitigate the fi nancial impact on its business from the spread of Covid-19. Retail business has been hit by meas-ures designed to limit social movement and by the post-ponement or cancellation of large sports events, including the Olympic games. Th e loan, which will be priced in line with market conditions, comprises a loan commitment of €2.4 bil-lion from KfW and €600 million in loan commitments from a consortium including UniCred-it, Bank of America, Citibank, Deutsche Bank, HSBC, Mizuho Bank and Standard Chartered Bank. — Reuters

World will need more than one Covid-19 vaccine — GSK CEOLONDON: Th e world will need more than one Covid-19 vac-cine so drug companies must partner in the race to develop the weapons to fi ght the nov-el coronavirus, GlaxoSmith-Kline chief executive officer (CEO) Emma Walmsley said yesterday. GlaxoSmithKline plc and Sanofi SA said on Tues-day they would develop a vac-cine to fi ght the fast-spreading coronavirus. Th e drugmakers said they expect to start clini-cal trials for the vaccine in the second half of this year (2H20). If successful, the vaccine would be available in 2H21. — Reuters

Two-thirds of small UK companies have furloughed staff — BCCLONDON: Two-thirds of small British companies have put at least some staff on temporary government-funded leave due to a drop in business caused by Covid-19, a survey by the British Chambers of Com-merce (BCC) showed yester-day. Th e British government has promised to pay fi rms 80% of their salary costs if they put staff on leave rather than fi re them — a scheme which the country’s budget watchdog estimated could cost £42 bil-lion (RM228.4 billion) over the coming months. — Reuters

ASML halts 2Q guidance but continues to win ordersAMSTERDAM: ASML Hold-ing NV, a crucial supplier to Samsung Electronics Co and Taiwan Semiconductor Man-ufacturing Co, refrained from providing guidance for the sec-ond quarter (2Q) amid uncer-tainty following the Covid-19 pandemic, but hinted on a signifi cantly more profi table quarter. Th e Dutch company, which produces extreme ultra-violet-lithography equipment, added it sees a strong order in-take and currently no change in demand. — Bloomberg

I N BR I E FBanks owed US$3b by squeezed S’pore’s oil trader Hin Leong‘Lenders held talks with the fi rm on how to shore up its fi nances’

SINGAPORE/NEW YORK: Standard Chartered plc (StanChart) is the fi rst major global bank to tell employees not to use Zoom Video Com-munications Inc during the Covid-19 pandemic due to cy-bersecurity concerns, accord-ing to a memo seen by Reuters.

Th e message, sent by chief executive offi cer Bill Winters to managers last week, also warned against using Alpha-bet Inc’s Google Hangouts platform for virtual gather-ings.

Neither service offers the level of encryption of conver-sations that rivals like Cisco System Inc’s Webex, Micro-soft Corp’s Teams or Blue Jeans Network Inc do, experts said.

A StanChart spokeswoman declined to comment on a Reu-ters query on the memo. She said cybersecurity remains a top priority and that staff can use several authorised tools for audio and video conferencing.

The London-based bank is the latest entity to distance itself from Zoom after inter-lopers exposed security fl aws — Reuters

BEIJING: Th e Covid-19 health crisis likely knocked China’s economy into its fi rst decline since at least 1992 in the fi rst quarter (1Q), raising the heat on authorities to do more to restore growth as mounting job losses threaten social stability.

The outbreak, which first emerged in Hubei province late last year, grounded activity in the world’s second-largest economy to a halt as drastic curbs were enforced.

While those restrictions are gradually being lifted, similar lockdowns now in effect in other major economies hit by the pandemic have signifi cant-ly darkened the outlook for global demand, which would hurt China’s massive export sector.

Analysts expect China’s gross domestic product (GDP) to have shrunk 6.5% in January to March from a year earlier, ac-cording to a Reuters poll. Th at would reverse a 6% expansion in the fourth quarter of 2019 and mark the fi rst decline since at least 1992 when GDP records started. — Reuters

Stay off Zoom and Google Hangouts, StanChart chief tells staff

Covid-19 seen to push China’s 1Q GDP into fi rst decline on record

BY A L F R E D C A N G , J OYC E KO H & C H A N YA P O R N C H A N J A R O E N

SINGAPORE: Banks have a com-bined exposure of at least US$3 billion (RM13.02 billion) to Sin-gapore’s Hin Leong Trading (Pte) Ltd and are in talks with the pri-vately-held oil trader over how to shore up its fi nances amid concerns over its liquidity, according to peo-ple with knowledge of the matter.

Th e group of lenders including HSBC Holdings plc, DBS Group Holdings Ltd and Oversea-Chinese Banking Corp Ltd, held a virtual meeting with the trader and its advisers on Tuesday, according to the people, who asked not to be identifi ed because they are not authorised to speak publicly.

As many as 10 banks are in-volved, according to one of the peo-ple. HSBC has the biggest exposure at about US$600 million, they said.

Singapore’s closely-knit oil trad-ing community is gripped by spec-ulation over the predicament of one of its biggest players and the potentially far-reaching impact its diffi culties could have on the mar-ket and trading partners.

Before crude’s spectacular crash, it would have been almost unfathom-able that a company of Hin Leong’s stature could be in such a position.

Bloomberg reported last week that some banks would not issue new letters of credit to the trader because of concern over its ability to repay the short-term debt. No-body responded to calls or emails

to the company seeking comment. Spokespeople for HSBC, OCBC and DBS declined to comment.

Founded by legendary self-made Chinese tycoon Lim Oon Kuin, Hin Leong could be the latest casualty of the collapse in oil prices and a heightened caution among lend-ers to fi nance commodity trades.

Th e company was established in 1963 and has grown into one of Asia’s largest suppliers of ship fuel, or bunkers. OK Lim, as the founder is known, built the company from a one-man-one-truck oil dealer to a regional powerhouse with assets including 130 vessels and business-es across oil trading, terminal and storage, bunker supply and lubri-cants manufacturing, according to its website. — Bloomberg

SINGAPORE: In December, Singa-pore’s Quantedge Capital Pte Ltd was celebrating one of its best-ever years. Now, it is just rounded off its worst month in history, showing how quickly the Covid-19 pandemic has upended hedge funds.

In a commentary sent to cli-ents this month, the fund, which in 2019 grew by 70.5% to hit assets under management of over US$2 billion (RM8.68 billion), said ear-ly estimates showed it lost 28.8% in March.

As global equities, bonds, cur-

Singapore’s 2019 leader Quantedge posts 29% plunge for MarchBY D AV I D R A M L I rencies and commodities markets

fell, so too did the fund’s value.“Th is is the third time since our

inception in 2006 that we have a monthly loss larger than 20%; the other two being October 2008 dur-ing the global fi nancial crisis and June 2013 during the taper tan-trum,” Quantedge wrote. “While our long-time investors will not fi nd the loss surprising, many of our newer investors who have not gone through past drawdowns with us may fi nd this month’s returns disconcerting.”

Quantedge’s pain is symptomat-ic of its willingness to take risks — a

strategy that helped the 13-year-old fund deliver annualised returns of 22% until February.

And it is far from alone; many hedge funds around the world struggled last month as fi nancial markets sold off .

In Asia, high-risk, high-return funds that cater more to wealthy individuals who can stomach losses in volatile markets, like Quantedge, were a particular drag on regional performance. The Eurekahedge Asian Hedge Fund Index fell 7.5% in March versus a 4.9% drop in the US and a 6.5% decline in Europe. Bloomberg

A pedestrian using a smartphone by the Singapore River in the business district during Singapore’s partial lockdown early this month. Quantedge’s pain is symptomatic of its willingness to take risks. Photo by Bloomberg

BY A N S H U M A N D A G A & I M A N I M O I S E

BY K E V I N YA O

1 4 W O R L D B U S I N E S S THURSDAY APRIL 16, 2020 • THEEDGE FINANCIAL DAILY

Covid-19 exposing cracks in fi nancial system — IMFTh e pandemic will likely see banks suff er credit and market losses

BY P E T E S C H R O E D E R

BY LU C I A M U T I K A N I

BY S T E P H E N N E L L I S &PA R E S H D AV E

BY D AV I D S H E PA R D S O N

BY E L I Z A B E T H D I LT S M A R S H A L L , I M A N I M O I S E & A N I R B A N S E N

WASHINGTON: Th e Covid-19 pan-demic has exposed “cracks” in the global fi nancial system and “will likely” see banks suff er both credit losses and market losses that will test their reserves, the Internation-al Monetary Fund (IMF) warned on Tuesday.

Th e world’s largest multilateral lender cautioned that while banks have built up strong capital and li-quidity buff ers, and passed regular stress tests, since the 2007-2009 fi nancial crisis, the potential for a long and severe downturn will put the fi rms to the test.

“Th is crisis presents a very se-rious threat to the stability of the global fi nancial system,” the IMF wrote in its Global Financial Sta-bility Report ahead of its virtual summit with the World Bank in place of its usual spring gathering.

“Today, of course, we are in the very adverse economic scenario ... we do expect that most banks and most banking systems are going to be stable,” said Tobias Adrian, the director of the IMF’s monetary and capital markets department. “Th ere might be some additional struggles in some banking sys-

The Canary Wharf in London, Britain seen illuminated blue in support of the National Health Service and other key workers as the number of Covid-19 cases increased globally. Trillions of dollars have been wiped off global stock markets. Photo by Reuters

A quiet farmers’ market in Los Angeles, California, the US. Mandatory business closures have depressed demand for a range of goods. Photo by Reuters

tems and for some banks around the world.”

Measures to stem the spread of the virus have put 16 million Amer-icans out of work, wiped trillions of dollars off global stock mar-kets and could lead to the worst economic crash since the Great Depression of the 1930s, the IMF warned last week.

“The declines in asset prices are expected to lead to losses on banks’ portfolios of risky securi-ties, though this could be partly off set by gains on their holdings of safe-haven assets,” the IMF said.

Prior to the report’s release, JPMorgan Chase & Co and Wells Fargo & Co both reported their quarterly profi ts steeply fell as the

NEW YORK: Th e main things inves-tors wanted to learn from fi rst-quar-ter results by JPMorgan Chase & Co and Wells Fargo & Co on Tuesday was just how bad the coronavirus recession is going to get and how long it will take to get back to normal.

It looks decidedly unpretty.Both banks reported major profi t

declines, primarily due to reserves for future loan losses, and execu-tives said the worst is yet to come.

“In my mind, there’s more down-side than there is upside at this point,” said Wells Fargo chief exec-utive offi cer Charles Scharf.

Wells Fargo shares were down 4.3% in afternoon trading, while JP-Morgan’s were down 3.4%, even as the broader market rallied on hopes that local, state or federal offi cials

might start to open the US econo-my more as conditions improve.

Covid-19 has so far infected 1.9 million people around the world, including 582,114 in the US. It con-tinues to keep businesses shuttered and millions of people out of work, even as rays of hope have emerged.

Although China and Italy have started allowing citizens to go outside again after weeks of stay-at-home orders, and there is talk of similar

moves in the US, no one is certain how long it will take for the global economy to truly reopen and recover.

Wells Fargo predicts sustained unemployment and fl at economic growth in the US through 2021, chief fi nancial offi cer John Shrewsberry said during a call with analysts.

JPMorgan executives spent a good deal of time discussing sce-narios, none of which were very sunny. — Reuters

fi rms set aside billions of dollars in preparation for potentially huge numbers of loans in default.

Th e IMF fl agged that emerging strain in the US commercial real estate sector, as tenants struggle to pay their landlords, were a point of potential stress for banks who account for as much as 70% of lending to that sector. — Reuters

WASHINGTON: US retail sales like-ly suff ered a record drop in March as mandatory business closures to control the spread of the Covid-19 pandemic depressed demand for a range of goods, setting up consum-er spending for its worst decline in decades.

Th e report from the Commerce Department yesterday would come as millions of Americans are thrown out of work, and strengthen econo-mists’ conviction that the economy is in deep recession. States and local governments have issued “stay-at-home” or “shelter-in-place” orders

Two big US banks off er glum outlook for virus recession

SAN FRANCISCO: Apple Inc said on Tuesday it would re-lease data that could help in-form public health authorities on whether people are driving less during lockdown orders to slow the spread of Covid-19.

The data is gathered by counting the number of rout-ing requests from Apple Maps, which is installed on all iP-hones, and comparing it with past usage to detect changes in the volume of people driving, walking or taking public transit around the world, Apple said.

Th e information is being up-dated daily and compared with a date in mid-January, before most US lockdown measures were in place, Apple said. More than 90% of Americans are under stay-at-home orders and various lockdowns are underway in oth-er countries around the globe.

Th e data would be aggre-gated so that requests from in-dividual users would not be shown, and it does not track individual users or their loca-tions, the company said.

Th e information, available on a public website, will show changes for major cities and 63 countries or regions, Apple said. — Reuters

Apple launches site to show how lockdowns aff ect movement

GM begins production of ventilators for US government

Covid-19 seen knocking US retail sales in March

WASHINGTON: General Motors Co (GM) said on Tuesday it had started producing ventilators in the volume needed to treat se-verely ill coronavirus patients and would deliver the fi rst batch of the medical equipment to the US government this month.

The US Department of Health and Human Services (HHS) has awarded nine con-tracts totalling nearly US$2.6 billion (RM11.3 billion) to pro-duce 137,000 ventilators by the end of 2020 for the US Strategic National Stockpile, including a contract to GM worth US$489.4 million for 30,000 ventilators by the end of August after US Pres-ident Donald Trump invoked the Defense Production Act.

Other contracts announced by HHS in recent days include a US$646.7 million contract to Dutch health technology com-pany Philips NV and others to General Electric Co, Hill-Rom Holdings Inc, Medtronic plc , ResMed Inc, Vyaire Medical Inc, Hamilton Medical AG and Zoll Medical Corp. — Reuters

aff ecting more than 90% of Ameri-cans to curb the spread of Covid-19, and abruptly stopping the country.

“Th e economy is almost in free fall,” said Sung Won Sohn, a busi-ness economics professor at Loyola

Marymount University in Los An-geles. “We will see the bottom when the coronavirus (Covid-19) infection rates stabilise. It’s going to be a pretty deep bottom from which to come up.”

According to a Reuters survey of

economists, retail sales probably plunged 8% last month, signalling the biggest decline since the govern-ment started tracking the series in 1992. Retail sales fell 0.5% in February.

Last month’s anticipated drop in retail sales will refl ect depressed re-ceipts at car dealerships, with light vehicle sales crashing in March. — Reuters

W O R L D B U S I N E S S 1 5THURSDAY APRIL 16, 2020 • THEED G E FINANCIAL DAILY

IATA: Global airlines’ estimated Covid-19 losses rise to US$314bTh e pandemic has resulted in a severe economic downturn

BY L AU R E N C E F R O S T, T I M H E P H E R & S A R A H YO U N G

PARIS/LONDON: Estimated glob-al airline losses from the Covid-19 pandemic have climbed to US$314 billion (RM1.36 trillion), 25% more than previously forecast, owing to the severity of the economic down-turn and a slower than previously expected reopening of internation-al routes.

Th e latest forecast from the In-ternational Air Transport Associa-tion (IATA) is up from the US$252 billion fi gure given on March 24 and represents a 55% drop in 2020 passenger revenue compared with last year.

Traffi c measured in revenue pas-senger kilometres is forecast to be 48% down this year, compared with the previously forecast 38% de-

cline, industry body IATA said at a weekly online news conference on Tuesday.

“Th e recovery should be slow-er and the crisis deeper than we expected even one month ago,” director-general Alexandre de Juni-ac told Reuters TV in an online interview.

Th e pandemic has brought air travel to a virtual standstill, with many airline fl eet grounded and no visibility on when travel re-strictions will be eased.

IATA has urged govern-ments to provide airlines with liquidity urgently to help them to survive the crisis, warning that many will go bust within weeks unless they receive help.

LONDON/PARIS: Wizz Air is mak-ing plans to fly jets only two-thirds full to allow more space between passengers, it said on Tuesday, as airlines voiced concerns that anti-Covid-19 measures could blight their profitability long af-

Airlines mull empty seats, masks for virus recoveryBY SARAH YOUNG & LAURENCE FROST ter travel restrictions end.

Wizz Air chief executive Jozsef Varadi and the head of the indus-try’s global trade association both said single-aisle planes may be re-quired to leave the middle seats on each side vacant to allow a degree of “social distancing” aboard.

“We would basically be block-

ing a third of the airplanes,” Varadi told Reuters in a telephone inter-view. “A 180-seater would become a 120-seater.”

Beyond the open-ended lock-downs and travel bans that have brought air travel to a near-halt, deep uncertainty remains over the pace of an eventual recovery and

the potential for lasting restrictions that could pile up yet more losses.

Alexandre de Juniac, the airline body’s director general, said leaving the middle seat vacant was among likely conditions for a resumption of air travel to be discussed with governments in a series of coordi-nated meetings around the world.

Operating aircraft with more seats has been a “key element of profi tability for airlines”, which typ-ically break even above 75% seat occupancy, de Juniac said.

But removing seats could ease a possible fare-cutting war as airlines try to recoup market share coming out of the crisis. — Reuters

Boeing 737 MAX cancellations pile up during production halt

WASHINGTON/BENGALURU: Boeing Co on Tuesday reported another 75 cancellations for its 737 MAX jetliner in March, as the Covid-19 crisis worsened disrup-tions from the grounding of its best-selling jet.

The US planemaker posted a total of 150 MAX cancellations in March, including 75 previously re-ported from Irish leasing company Avolon. New cancellations came from buyers including 34 of 135 aircraft ordered by Brazil’s GOL

GOL confi rmed the 34 cancelled planes and said it reached agree-

BY D AV I D S H E PA R D S O N & R A C H I T VAT S

BY T I M H E P H E R , T R AC Y R U C I N S K I & M A R C E LO R O C H A B R U N

SAO PAULO/PARIS: Delta Air Lines Inc confi rmed on Tuesday it had taken over an order for 10 Airbus A350 jets from Latam Airlines Group, but said it had deferred several of the near-term deliveries and was working with Airbus on options across its en-tire order book.

A Delta spokeswoman said the 10 A350 aircraft, which stem from Delta’s tie-up agreement with Chilean carrier Latam, would be delivered through 2025.

The deal, which Reuters reported earlier on Tuesday, firms up a planned switch first announced when the two carriers forged their alliance in 2019 and whose comple-tion was partially disclosed in manufacturing data issued last week.

Th e formal transfer of the jet order, worth roughly US$3 bil-lion (RM13 billion) at list prices, coincides with Delta and other US airlines negotiating govern-ment aid to help them meet their payroll costs while dealing with a drastic drop in air travel de-mand because of the Covid-19 pandemic.

“Given the current environ-ment, we are working in close partnership with Airbus on fur-ther rescheduling opportunities across our entire order book,” Delta spokeswoman Lisa Hanna said. — Reuters

Delta, Airbus working on orders linked toLatam Airlines

ment with Boeing on “cash compen-sation and changes to future orders and associated payment schedules.”

“GOL remains fully committed to the 737 MAX as the core of its fl eet and this agreement further enhances our successful long-term partnership with Boeing,” said GOL chief executive Paulo Kakinoff in a statement. GOL now has 95 re-maining fi rm orders for 737 MAX aircraft. Th e cancellations come as Boeing seeks to untangle delivery commitments after halting output of the MAX in January, following delays in returning it to service.

Boeing shares closed down 4.3% on Tuesday to US$141 (RM612), off US$6.33. Boeing, facing a 13-month-

old freeze on deliveries of the MAX and now disruption to deliveries of larger planes due to the Covid-19 epidemic, said it had delivered 50 planes in the fi rst quarter (1Q), barely a third of the 149 seen a year earlier. Th at was the lowest since 1984 for 1Q.

The company posted orders in March for 12 787 Dreamliners, one 767 freighter and 18 pre-MAX ver-sions of the 737 for the P-8 maritime patrol programme. For 1Q, it posted 49 new orders, or a negative total of 147 after cancellations. After further accounting adjustments representing jets ordered in previous years but now unlikely to be delivered, Boeing’s ad-justed net orders sank to a negative 307 airplanes. — Reuters

BY A N TO N Y S G UA Z Z I N

JOHANNESBURG: South African Airways has been denied any fur-ther funding by its government owner as the national carrier looks for ways to recover from the Covid-19 crisis and a local form of bankruptcy protection.

Th e airline’s administrators, who were put in charge in De-cember, were told by the state to instead source cash from avail-able resources, according to a letter they sent to aff ected parties and to Bloomberg dated April 14.

“We are currently assessing the impact of this development on the business-rescue process and will communicate any de-cisions to be made,” they said in the letter.

South African Airways, which began operations in 1934, has racked up 26 billion rands (RM6.1 billion) in losses over the last six years and has depended on a series of state bailouts to keep operating. Th e grounding of all of its passenger fl ights, aside from charters to re-patriate stranded citizens, due to the virus lockdown have further decimated its revenue stream.

Finance Minister Tito Mboweni has long advocat-ed shutting off funding for the airline, and earlier on Tuesday cited the carrier’s closure as a way to save funds as the coun-try deals with the fallout of the virus pandemic. — Bloomberg

South Africa cuts off funding line to state-owned airline

Filepic of Boeing 737 MAX aircraft seen parked at the Renton Municipal Airport near the Boeing Renton facility in Washington, the US. Boeing reported another 75 cancellations for its 737 MAX jetliner in March. Photo by Reuters

De Juniac: The recovery should be slower and the crisis deeper than we expected even one month ago. Photo by Reuters

Th e trade body, which repre-sents airlines such as Lufthansa and British Airways owner Inter-national Airlines Group, said it ex-pects domestic markets to be the fi rst to reopen, as has happened in China, with international routes following gradually.

A phased return of international fl ights would still be problematic for airline fi nances because most

carriers obtain the bulk of their revenue from internation-

al routes, IATA said. — Reuters

1 6 W O R L D THURSDAY APRIL 16, 2020 • THEEDGE FINANCIAL DAILY

China blasts Trump’s move to pull WHO fundingBeijing pledges to support the global health body over Covid-19 after the US move

BY J A M E S M AYG E R , L I S A D U & J O R DA N FA B I A N

BEIJING/TOKYO/WASHINGTON: China crit-icised US President Donald Trump’s move to temporarily halt funding to the World Health Organization (WHO) and pledged to support the global health body.

Trump on Tuesday said he ordered the move against the WHO because it took Chi-na’s claims about Covid-19 “at face value” and failed to share information about the pandemic as it spread. China had “serious concerns” about the decision and called on the US to fulfi l its responsibilities, Chinese foreign ministry spokesperson Zhao Lijian said at a briefi ng in Beijing yesterday.

“Th e US decision will weaken the WHO’s capabilities and undermine international cooperation,” Zhao said, adding: “China will as always support the WHO in playing an important role in international public health and global anti-epidemic response.”

Trump’s move to limit support to the WHO in the midst of a global pandemic was un-precedented, and attracted criticism from health policy experts as well as billionaire philanthropist Bill Gates. Yet as domestic crit-icism of the Trump administration’s response increased and the US became the epicentre of the outbreak, many of the president’s sup-porters pointed to the WHO for making early mistakes they said worsened the crisis.

“The WHO failed in its basic duty and must be held accountable,” Trump said at a White House press conference. “Th e outbreak could have been contained at its source” if the organisation had correctly responded early on, he added.

Th e Associated Press reported yesterday that it had obtained internal documents showing Chinese officials waited for six

BY PA O L A LU E L M O & E S T E L L E S H I R B O N

MADRID/LONDON: US Covid-19 deaths set a single-day record on Tuesday, a grim mile-stone, as the country debated how to reopen its economy and as Spain and Austria allowed partial returns to work but the UK, France and India extended lockdowns.

The World Health Organization (WHO) warned that infections had “certainly” not yet peaked.

Nearly two million people globally have been infected and more than 124,000 have died in the most serious pandemic in a cen-tury, according to a Reuters tally. Th e epicen-tre has shifted from China, where the virus emerged in December, to the US, which has now recorded the most deaths.

World leaders, in considering easing curbs, have to balance risks to health and to the econ-omy as the lockdowns have strangled supply lines, especially in China, and brought eco-nomic activity to a virtual halt.

Th e shutdown is costing the US economy perhaps US$25 billion (RM108.5 billion) a day in lost output, St Louis Federal Reserve presi-dent James Bullard said, calling for widespread testing and risk-management strategies so that the economy can restart.

US virus deaths set record daily rise; Spain, Austria ease restrictionsUS President Donald Trump, who has de-

clared he will decide when to lift lockdowns, suggested that some Democratic state gov-ernors were “mutineers” after New York gov-ernor Andrew Cuomo said he would refuse any order that risks reigniting the outbreak.

Th e White House said Trump would hold a video teleconference with leaders of the Group of Seven nations today to coordinate responses.

Th e global economy is expected to shrink by 3% this year, the International Monetary Fund said, marking the steepest downturn since the Great Depression in the 1930s.

Th e WHO said the number of new cases was tailing off in some parts of Europe, in-cluding Italy and Spain, but outbreaks were growing in Britain and Turkey.

“[For] the overall world outbreak, 90% of cases are coming from Europe and the United States of America. We are certainly not seeing the peak yet,” WHO spokeswoman Margaret Harris told a briefi ng in Geneva, Switzerland.

But world stocks gained after Chinese trade data came in better than expected and as some countries partly lifted restrictions.

Some Spanish businesses, including con-struction and manufacturing, were allowed to resume. Shops, bars and public spaces are to stay closed until at least April 26.

days in January before President Xi Jin-ping warned the public of the dangers of the Covid-19 outbreak. Th e delay, after China became aware of the dangers, allowed mil-lions of people to travel from the epicentre in the city of Wuhan elsewhere in the coun-try and the world, the report said.

While China’s Zhao said he had not seen the report, he added that Beijing updated the WHO in a “timely” manner and called accusations the Chinese government was not transparent “unfair”.

Th e WHO has been a conduit for tension between the US and China for months, with WHO secretary-general Tedros Adhanom Ghebreyesus being singled out for blame by allies of the US president for being too defer-ential to Beijing. Representatives of the WHO did not respond to requests for comment.

It is unclear when any halt in payments would take eff ect or how much authority Trump has to suspend disbursements au-thorised by Congress. Th e US has contrib-uted US$893 million (RM3.88 billion) to the WHO’s operations during its current two-year funding cycle, according to the organ-isation. Administration offi cials signalled that the suspension would be for 60 days.

Responding to Trump’s decision on Tues-day, United Nations secretary-general Anto-nio Guterres said the chance to investigate how the disease spread around the world would come later.

“As it is not that time, it also not the time to reduce resources for operations of the World Health Organization or any other humanitar-ian organisation in the fi ght against the virus,” he said. “As I have said before, now is the time for unity and for the international community to work together in solidarity to stop the virus and its shattering consequences.” — Bloomberg

Spain was fl attening the curve on the graph representing the rate of growth of the outbreak, Spanish Health Minister Salvador Illa said on Tuesday. Th e overnight death toll from Cov-id-19 rose to 567 on Tuesday, from 517 a day earlier, but the country reported its lowest increase in new cases since March 18. Total deaths climbed to 18,056.

Some Spanish workers expressed concern that the relaxation of restrictions could trig-ger a new surge in infections. But for Roberto Aguayo, a 50-year-old Barcelona construction worker, the restart came just in time.

“We really needed it. Just when we were going to run out of food, we returned to work,” he told Reuters. — Reuters

Workers with protective masks working on a construction site, following the Covid-19 outbreak in Barcelona, Spain on Tuesday. Some Spanish businesses, including construction and manufacturing, were allowed to resume. Shops, bars and public spaces are to stay closed until at least April 26. Photo by Reuters

The headquarters of the WHO in Geneva, Switzerland. Trump’s move to limit support to the WHO in the midst of a global pandemic was unprecedented, and attracted criticism from health policy experts as well as Gates. Photo by Bloomberg

W O R L D 1 7THURSDAY APRIL 16, 2020 • THEED G E FINANCIAL DAILY

China urges HK to reintroduce national security laws soon‘Violent protests last year had undermined its rule of law’

BY S E YO U N G L E E , J E S S I E PA N G & C L A R E J I M

BEIJING/HONG KONG: China’s most senior offi cial in Hong Kong said yesterday the city should work to introduce national security leg-islation “as soon as possible” as violent protests last year had un-dermined its rule of law, prosperity and stability.

Luo Huining, chief of the Li-aison Offi ce and the most senior mainland political offi cial based in the Chinese-ruled city, made the remarks during a speech com-

memorating China’s National Se-curity Education Day.

In some of his strongest com-ments since taking offi ce in Janu-ary, Luo said national security was an obvious shortcoming in the for-mer British colony and criticised what he described as foreign forces interfering in Hong Kong’s aff airs.

“If the anthill eroding the rule of law is not cleared, the dam of national security will be destroyed and the well-being of all Hong Kong residents will be damaged,” Luo said.

“Th ere’s a need to put eff ort into

maintaining the national security legal system and enforcement sys-tem as soon as possible.”

Previous attempts to draft a new national security law for Hong Kong, known as Article 23, were met with mass protests in 2003 and abandoned.

Hong Kong returned to Beijing in 1997 under a “one country, two systems” formula that guarantees it broad freedoms not seen in main-land China, and its high degree of autonomy is widely seen as key to its prosperity as an international fi nancial hub. — Reuters

Luo speaking to the media to mark his fi rst day in offi ce in Hong Kong, China on Jan 6. He says national security was an obvious shortcoming in the former British colony and criticises what he describes as foreign forces interfering in Hong Kong’s aff airs. Photo by Reuters

TOKYO: Japan urged its citizens yesterday to stay home as media reports warned that as many as 400,000 of them could die of Cov-id-19 without urgent action, and Prime Minister Shinzo Abe came under pressure to hand out more cash.

Japan, which tests only people with symptoms of the virus, has so far recorded more than 8,000 infections with nearly 200 deaths.

Reports in Japanese media citing an undisclosed health ministry pro-jection said fatalities could reach the 400,000 mark without mitiga-

Japanese urged to isolate as reports warn of 400,000 deaths

BY L E I K A K I H A R A , C H R I S G A L L A G H -E R , A N TO N I S LO D KO W S K I , R O C K Y S W I F T & YO S H I F U M I TA K E M OTO

tion measures. It also estimated that as many as 850,000 people could need ventilators.

Japan has seen an accelerat-ing infection rate in recent weeks, particularly in Tokyo. Th e govern-ment has responded by declaring an emergency in Tokyo and six other areas including Osaka, and a goal to cut interactions between people by 70%.

Th e measures include a request that people isolate and businesses close, although there are no fi nes nor penalties to force compliance. Th e government spokesman, Chief Cabinet Secretary Yoshihide Suga, urged people to do everything in their power to help the government reach its target.

Japan’s capital reported more than 125 new cases yesterday, ac-cording to public broadcaster NHK.

A lawmaker, Takashi Takai, was forced to resign from the main op-position Constitutional Democratic Party of Japan yesterday after the media reported he had visited a bar in Tokyo’s Kabukicho red light dis-trict despite the call to stay at home.

As Suga was calling for coop-eration, his boss Abe was coming under pressure to add a ¥100,000 (RM4,058) payment to every citizen on top of a US$1 trillion (RM4.34 trillion) economic stimulus package that includes a ¥300,000 payment to households whose income has fallen because of the pandemic. — Reuters

control of Parliament and shape President Moon Jae-in’s ability to push through his agenda in the fi nal two years of his adminis-tration, including looser fi scal policy aimed at creating jobs, raising the minimum wage and continued re-engagement with North Korea.

Globally, South Korea was one of the fi rst countries to hold a national election since the virus epidemic began, while many oth-ers postponed votes.

“I had worries as the election was not delayed, but having come here and seen for myself, I felt it’s good we did vote as planned, and people are taking greater caution about distancing and restrain-ing themselves even more,” Choi Sun-hwa, 56, told Reuters outside a polling station in Hongje-dong, central Seoul. — Reuters

SEOUL: South Koreans began go-ing to the polls yesterday to elect members of Parliament, wearing masks and plastic gloves as part of strict safety measures in one of the fi rst national elections held amid the Covid-19 pandemic.

About 14,000 polling stations were open at 9pm on Tuesday around the country after disinfec-tion, and voters were required to wear a mask and have a temper-ature check upon arrival.

Anyone whose temperature was higher than 37.5°C was led to a special booth.

All voters must use hand san-itiser and plastic gloves when casting ballots and maintain a distance of one metre between each other.

Th e election is set to decide

S Korea holds parliamentary election amid pandemic

NEW DELHI/ISLAMABAD: India will allow industries located in the countryside to reopen next week, as well as resuming farm activities to reduce the pain for millions of people hit by a lengthy shutdown in its Covid-19 battle, the government said yesterday.

Prime Minister Narendra Modi ordered the population of 1.3 bil-lion to stay indoors for 19 days more after a strict three-week lockdown, saying it is critical to save lives amid the pandemic.

But he said he felt the pain of the poor and yesterday the home (interior) ministry released guidelines allowing limited re-sumption of commerce and in-dustry in the hinterland less af-

HANOI: A new decree took eff ect in Vietnam yesterday introduc-ing fi nes for the dissemination of “fake news” or rumours on social media amid the rapid spread of comments online about Covid-19 in the Southeast Asian country.

Th e fi rst virus cases were de-tected in Vietnam in January and the health ministry has re-ported 267 infections so far with no deaths, numbers well below those seen in some other Asian countries.

Local authorities have already fined hundreds of people for posting what they described as “fake news” about the virus, using the term popularised by US Pres-

fected by the pandemic.“To mitigate hardship to the

public, select additional activ-ities have been allowed, which will come into eff ect from April 20,” it said.

Millions of people have been thrown out of work across South Asia since the lockdowns began last month, and growing anger in some areas was refl ected in the commercial capital of Mumbai on Tuesday when hundreds mobbed a train station demanding trans-port home.

Neighbouring Pakistan, which also announced a two-week ex-tension of its shutdown to halt the virus, said it would reopen con-struction activity that provides a lifeline for the largest number of its people after agriculture. — Reuters

ident Donald Trump, based on existing legal provisions. But the new decree, drafted in February, supersedes one from 2013 which does not specifi cally cover “fake news”, the new guidelines say.

A fi ne of 10-20 million dong (RM1,849-RM3,710), equivalent to around three to six months’ ba-sic salary in Vietnam, will be im-posed on people who use social media to share false, untruthful, distorted or slanderous informa-tion, according to the decree.

Th e new rules were not spe-cifi cally drafted to deal with Cov-id-19 social media comments and extend far beyond that topic, raising concern among human rights groups already heightened by a cybersecurity law in eff ect since last year. — Reuters

India, Pakistan seek to lift curbs to help millions hit by lockdowns

Vietnam introduces ‘fake news’ fi nes for Covid-19 misinformation

BY S A N J E E V M I G L A N I & A S I F S H A H Z A D

BY P H U O N G N G U Y E N & J A M E S P E A R S O N

BY H YO N H E E S H I N

1 8 F E AT U R E THURSDAY APRIL 16, 2020 • THEEDGE FINANCIAL DAILY

China’s EV slowdown deepens debt woes at top lithium supplier

A US shale bust like no otherSome shale oil producers are so hard hit by the crash they have decided not to come back anymore

BY J E N N I F E R H I L L E R & L I Z H A M P TO N

BY M A R T I N R I TC H I E & A N N I E L E E

THE global health crisis has deep-ened fi nancial troubles at one of China’s biggest producers of lith-ium used in electric vehicle (EV) batteries.

Th e pandemic is set to batter this year’s demand for the material that is vital in powering new ener-gy transport. Prices are at four-year lows, and a deepening crisis in the global auto market could create more corporate turbulence even as the long-term outlook remains bright.

China’s two biggest suppliers, Tianqi Lithium Corp and Ganfeng Lithium Corp Ltd, have both is-sued profi t warnings in the past day, with Tianqi expecting a loss on low prices among other factors. Th e economic turmoil is weigh-ing particularly heavily on Tianqi, which took on billions of dollars of debt to fund an investment in Chile in 2018.

The firm was downgraded by Moody’s Investor Service last month after fl agging risks to its own debt-servicing capacity. It is even exploring a partial sale of its prized Australian assets to help pay down US$3.5 billion (RM15.2 billion) in

loans, according to an April 13 re-port in the Australian Financial Re-view (AFR).

“Tianqi’s repayment ability in the short to medium term will be under pressure,” Zhang Jing, Shang-hai-based analyst at Philip Secu-rities said by phone. “Th e wider spread of the virus globally has impacted the lithium supply chain and the price may be subject to fl uc-tuations that will further aff ect the company’s cash fl ows.” Tianqi Lith-ium did not immediately respond to an email and calls for comment.

Th e Covid-19 crisis has strength-ened headwinds for a lithium mar-ket that began 2020 facing a supply glut. Passenger car sales in China plunged 80% in the fi rst two months of the year. Global lithium demand for the year will be 25% lower than pre-virus forecasts, according to commodities consultancy Roskill Information Services

Tianqi’s debt woes stem from loans used to fund the US$4 billion purchase of a stake in a Chilean rival known as SQM in early 2018, at the height of a premature price boom. A tumbling market since then has left Tianqi struggling to pay off debts as profi ts dwindled. Th e maturity of US$2.3 billion of

that loan was extended to Novem-ber.

Th e company warned on March 23 that it has limited capacity to raise new fi nancing as shares of its major subsidiaries have been pledged against the SQM loan. Re-payment ability will depend on operational performance, it said.

“Tianqi Lithium’s liquidity is weak,” Moody’s Investor Service wrote in a note on April 14. Refi -nancing risks are being exacerbat-ed by the unprecedented eff ects of the global economic crisis on credit conditions, it said. Moody’s downgraded Tianqi to Caa1 from B2 on March 25.

Bonds tumbleTh e price of Tianqi’s US$300 million off shore note dropped to a record low this week after halving since late March, Bloomberg-compiled data show. Th e company is off ering at least part of its 50% stake in Tal-ison Lithium, owner of the Green-bushes mine and Kwinana refi nery in Australia, the AFR reported.

Tianqi said it is expecting a net loss of between 450 million yuan (RM276.33 million) and 510 million yuan for the fi rst quarter, compared with net profi t of 111 million a year earlier. It cited lower lithium prices and sales amid “the industry cycle and coronavirus outbreak” as well as foreign exchange losses.

Still, there are already signs of a tentative recovery in China’s auto market, and electric vehicles are a key target for policy support as the government looks to reboot the economy. Th e Covid-19 outbreak is also unlikely to derail the global auto industry’s long-term shift to electrifi cation.

“As long as the company works out the short-term debt issues, it is not entirely pessimistic in the long run as there’s still demand for the metal,” Philip Securities’ Zhang said. — Bloomberg

Lithium ore sitting on a run-of-mine pad at a Talison Lithium Ltd facility in Greenbushes, Australia. Rising Chinese demand for lithium-ion batteries needed for electric vehicles and energy storage is driving signifi cant price gains and an asset boom in Australia. Photo by Bloomberg

Texas oilman Mike Shell-man has kept his MCA Petroleum Corp go-ing for four decades, drilling wells through booms and busts and

always selling his crude to US oil refiners.

But now the second-generation oilman has abandoned drilling any new wells this year and postponed some maintenance amid a sharp drop in global oil prices and brim-ming storage tanks. He is consider-ing shutting most of his production down, for the fi rst time ever.

Oilfi elds from Texas and New Mexico to Oklahoma and North Dakota are going quiet as drilling halts and tens of thousands of oil workers lose their livelihood. Fuel demand has plunged by as much as 30 million barrels per day (bpd) — or 30% — as eff orts to fi ght the Covid-19 pandemic have ground-ed aircraft, reduced vehicle usage and pushed economies worldwide towards recession.

“What scares me is not even be-ing able to sell the product,” the grizzled oil hand said from his fi rm’s San Marcos, Texas, headquarters.

Refi ners and other buyers are warning they may refuse his oil once contracts expire this month, he said. Or they may off er to buy at a price below his costs, so he is preparing to dip into retirement

savings to pay employees, he said.Th e governments of global oil

producers and consumers are seek-ing to make unprecedented cuts to overall supply of some 19.5 million bpd. US President Donald Trump heralded the deal to cut supply as one that would save hundreds of thousands of US jobs.

But oil prices fell again this week, dropping as much as 10% on Tues-day, because even those cuts may fail to stem the glut. Prices remain far below production costs for many US producers, including those in the US shale fi elds — the scene of a revolution in the energy industry over the past decade that made the US the world’s top producer.

Across the US, up to 240,000 oil-related jobs will be lost this year, about a third of the onshore and off shore oilfi eld workforce, esti-mates consultancy Rystad Energy.

Th e US oil boom died on March 6, the day Saudi Arabia and Russia ended a four-year pact that curbed output and gave shale a price um-brella. Shale fi rms have accrued hefty debt during the years of ex-pansion, leaving them exposed to the price crash that followed.

In March, US oil futures tumbled to US$20 (RM86.80) a barrel, a third of the January price and less than half what many require to cover production costs. Th e March drop led dozens of shale producers to cut spending and several retained debt advisers.

“As soon as the virus hit and

oil prices dropped, they sent everybody home,” said Joel Rod-riguez, chief administrator of La Salle County, home of Texas’s sec-ond-most productive oilfi eld.

Shale oil producers face well closures and “industry wide fi-nancial distress” even after the Organization of the Petroleum Exporting Countries (Opec) cuts, said Artem Abramov, head of shale at consultancy Rystad Energy. In some fields, he expects region-al prices will hit single-digits per barrel, he said.

Spending on oilfi eld services will fall 21% to US$211 billion this year, the lowest since 2005, according to researcher Spears & Associates.

Unlike the 2014-2016 oil bust, lenders are not making more fi -nancing available to producers, said Raoul Nowitz, head of restruc-turing at SOLIC Capital Advisors. He predicts up to 60 oil producers will seek protection from creditors this year, and many will not emerge under new owners. Some banks are setting up operations to take over and run failed producers.

Lay-off s and shut-insOpec’s cuts may not be deep enough for oil producer Texland Petroleum, which operates 1,200 wells in the Permian Basin, the top US oilfi eld. US refi ner and pipeline operator Phillips 66 asked president Jim Wilkes to reduce his deliveries by 15%, and another buyer can-celled his contract outright.

“We’ve never had a time when we couldn’t sell the oil we produce. And that’s going to happen this time,” said Wilkes.

Average daily US oil production this year will fall 500,000 bpd to 11.8 million bpd and sink anoth-er 700,000 bpd next year, the En-ergy Information Administration estimated.

Production cuts are too late for workers like Jeremy Davis, a 36-year-old who in March lost his business development job at Ad-vanced BioCatalytics, which makes chemicals for hydraulic fracturing.

“Th ey won’t be fracking many wells for the rest of the year,” said Davis, who after 16 years in the oil-fi eld would now consider work out-side the oil business. “I can’t wait around for the industry to come back,” he said.

Wall Street investors had already pulled back on the shale sector over the past couple of years because of poor returns, leaving producers with limited options for refi nanc-ing, said industry executives and analysts.

“Th ere is no more lifeline,” said Lance Loeffl er, the fi nance chief at top US fracking service provider Halliburton Co.

PayZone Directional Services, a Denver-based driller, threw in the towel last month. “We could have stayed open and run until the money was gone but sometimes you just have to know when to cash in your chips and leave the table,”

said Beth Th ibodeaux, its chief ex-ecutive offi cer (CEO).

Time to move onSo much unsold oil is sloshing around that some pipeline oper-ators, fearful of having their lines clogged, are insisting that produc-ers halt connecting new wells and prove they have buyers or storage outlets before oil from existing wells can be put into a line.

Th ey have warned “by mid-May storage is full” and will refuse to take any more, said Scott Sheffi eld, CEO at Permian Basin producer Pioneer Natural Resources.

He and some other executives in Texas and Oklahoma want state reg-ulators to mandate up to 20% out-put cuts, sparing only the smallest producers. In Texas, energy regula-tors on Tuesday heard Sheffi eld call for a state order to halt one million bpd from its shale fi elds to prevent sale at below production cost.

MCA Petroleum owner Shell-man said he tells friends who lost their jobs that it is time to leave the oil business. “It’s not ever going to be like it was.”

Shellman, who as a youngster got his fi rst taste of the oil business accompanying his parents to their own oil wells, has promised to pay his employees from savings even if they have to shut in wells. But the pain goes well beyond Shell-man’s wallet.

“From an emotional standpoint, this is killing me,” he said. — Reuters

1 9

THURSDAY APRIL 16, 2020 • THEED G E FINANCIAL DAILY

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

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

Bursa Malaysia

FBM KLCI 1,387.79 16.13 1.18FBM ACE 4,307.79 35.66 0.83FBM TOP 100 9,505.41 121.74 1.30FBM EMAS 9,609.50 120.54 1.27FBM MID 70 11,311.07 191.57 1.72FBM MIDS CAP 11,254.47 99.89 0.90FBM SMALL CAP 10,249.98 68.03 0.67FBM FLEDGLING 11,534.47 25.52 0.22FTSE4GOOD BURSA M’SIA 767.21 9.10 1.20FBM PALM OIL PLANTATION MYR N/A N/A N/AFBM EMAS SHARIAH 10,646.40 176.23 1.68FBM HIJRAH SHARIAH 12,173.09 215.30 1.80FBM MIDS CAP SHARIAH 10,764.54 114.83 1.08

INDICES CLOSE +/- %CHGCONSTRUCTION 156.54 0.73 0.47CONSUMER PRODUCTS & SERVICES 533.01 6.79 1.29ENERGY 709.77 2.10 0.30FINANCIAL SERVICES 12,417.70 51.92 0.42HEALTH CARE 1,385.44 21.21 1.55INDUSTRIAL PRODUCTS & SERVICES 115.37 2.47 2.19PLANTATION 6,286.63 39.92 0.64PROPERTY 578.53 3.72 0.65REAL ESTATE INVESTMENT TRUSTS 854.93 8.40 0.99TECHNOLOGY 33.03 0.46 1.41TELECOMMUNICATION & MEDIA 570.12 9.48 1.69TRANSPORTATION & LOGISTICS 590.53 12.29 2.13UTILITIES 904.06 10.30 1.15

INDICES CLOSE +/- %CHG

Sectorial Movement

CONSUMER PRODUCTS & SERVICES 0.925 0.530 0.710 0.690 0012 3A 0.710 0.015 133.1 0.699 11.87 2.82 349.3 0.250 0.040 0.070 0.065 5238 AAX 0.065 UNCH 2276 0.067 — — 269.6 0.425 0.220 0.330 0.310 7120 ACOSTEC 0.325 0.005 1988 0.322 — — 63.2 1.830 0.910 1.040 1.020 6599 AEON 1.030 0.010 820.5 1.029 13.24 3.88 1,446.1 0.185 0.040 0.085 0.070 7315 AHB 0.080 0.010 1913 0.077 — — 14.1 2.150 0.500 0.745 0.720 5099 AIRASIA 0.720 UNCH 23958.8 0.731 — 33.33 2,406.2 17.500 9.960 13.700 13.360 2658 AJI 13.400 0.020 29.9 13.499 14.59 3.51 814.7 5.991 4.500 4.810 4.800 6351 AMWAY 4.800 0.030 14.6 4.803 15.42 4.17 789.1 0.025 0.005 — — 5194 APFT 0.005 — — — 0.13 — 6.7 3.889 2.450 3.280 3.100 6432 APOLLO 3.100 0.040 14.9 3.211 17.02 6.45 248.0 0.240 0.070 0.115 0.105 1481 ASB 0.110 0.005 20491 0.111 1.36 2.27 102.2 0.580 0.350 0.400 0.350 7722 ASIABRN 0.380 0.030 106.2 0.351 7.28 — 88.4 2.477 1.300 1.650 1.650 7129 ASIAFLE 1.650 0.030 1 1.650 7.74 8.48 321.4 4.400 3.740 — — 7048 ATLAN 3.830 — — — 39.12 5.22 971.5 0.200 0.020 0.065 0.055 8885 AVI 0.055 UNCH 28246.8 0.063 — — 51.9 34.678 9.260 10.940 10.700 4162 BAT 10.800 0.080 1713.3 10.856 8.92 10.93 3,083.7 2.688 0.935 1.260 1.220 5248 BAUTO 1.250 0.030 2362.6 1.245 9.25 8.76 1,454.4 1.773 1.000 1.150 1.130 5196 BJFOOD 1.150 0.020 127.9 1.144 23.28 3.48 439.5 0.250 0.105 0.190 0.185 4219 BJLAND 0.185 UNCH 20780.5 0.186 — — 925.1 2.691 1.940 2.250 2.200 1562 BJTOTO 2.200 0.010 621.9 2.221 14.08 7.27 2,972.3 1.344 0.320 0.500 0.490 9288 BONIA 0.490 0.010 145.1 0.491 4.99 4.08 98.8 0.390 0.070 0.125 0.115 9474 BRAHIMS 0.120 -0.005 637.3 0.118 — — 28.4 0.615 0.195 0.290 0.285 7174 CAB 0.285 -0.005 337.6 0.285 — 0.88 196.8 0.530 0.185 0.300 0.260 7154 CAELY 0.270 0.015 1295.1 0.283 — — 44.4 0.305 0.170 — — 7128 CAMRES 0.240 — — — 480.0 — 47.2 2.600 1.811 2.580 2.580 5245 CARING 2.580 UNCH 79.6 2.580 28.01 2.33 561.7 38.959 17.247 28.820 26.700 2836 CARLSBG 27.000 0.400 475.2 27.923 28.36 3.33 8,255.2 2.140 1.150 1.350 1.330 2925 CCB 1.340 -0.010 29.5 1.343 — — 135.0 0.633 0.300 0.510 0.495 7035 CCK 0.495 -0.005 1722.1 0.501 9.27 2.53 312.2 0.330 0.180 — — 7209 CHEETAH 0.300 — — — 20.83 1.33 38.3 1.480 0.820 — — 2828 CIHLDG 1.290 — — — 6.76 6.20 209.0 0.095 0.030 0.045 0.040 5104 CNI 0.040 UNCH 91 0.042 — 7.50 28.8 0.045 0.020 0.025 0.025 5188 CNOUHUA 0.025 UNCH 310 0.025 125.0 — 16.7 2.114 1.390 1.750 1.700 7205 COCOLND 1.710 0.030 7.3 1.707 10.53 6.73 391.2 1.026 0.552 0.625 0.600 7202 CSCENIC 0.610 0.010 192.5 0.610 11.78 8.20 73.5 0.491 0.240 — — 9423 CWG 0.360 — — — 14.29 4.17 45.5 0.035 0.020 0.030 0.025 7179 DBE 0.030 0.005 1936.3 0.025 9.09 — 85.1 1.130 0.760 — — 7119 DEGEM 1.040 — — — 30.86 — 139.4 2.990 1.680 2.190 2.140 5908 DKSH 2.160 0.010 99.5 2.154 8.71 4.63 340.5 63.855 34.000 45.200 44.600 3026 DLADY 45.020 0.500 7.3 44.992 27.96 2.22 2,881.3 2.962 0.980 1.420 1.350 1619 DRBHCOM 1.350 -0.020 4018.3 1.384 5.36 2.22 2,609.9 0.120 0.035 0.060 0.055 2097 EASTLND 0.055 UNCH 130.5 0.055 — — 17.8 0.634 0.390 0.495 0.430 5081 EIG 0.495 UNCH 2 0.463 15.76 6.06 117.4 0.065 0.020 0.045 0.035 7182 EKA 0.045 0.005 118.4 0.038 — — 14.0 0.250 0.080 0.130 0.120 9091 EMICO 0.120 UNCH 228.6 0.124 5.58 — 12.7 1.120 0.720 — — 7149 ENGKAH 0.850 — — — 77.98 7.06 60.1 0.900 0.080 0.820 0.810 7208 EURO 0.815 -0.010 2597.2 0.812 — — 217.8 0.500 0.320 — — 7094 EUROSP 0.485 — — — — — 21.5 35.569 24.120 31.880 31.120 3689 F&N 31.300 0.300 55.1 31.358 27.61 1.92 11,480.2 0.720 0.560 0.560 0.560 2755 FCW 0.560 UNCH 3 0.560 8.92 17.86 140.0 0.518 0.350 0.460 0.450 6939 FIAMMA 0.460 UNCH 390.5 0.460 8.75 4.35 234.6 0.480 0.100 0.480 0.455 8605 FIHB 0.455 UNCH 3017.4 0.466 6.48 — 49.6 1.680 0.997 1.390 1.320 9172 FPI 1.340 UNCH 639.5 1.357 7.98 8.21 331.5 3.720 0.770 1.760 1.710 7184 G3 1.710 -0.030 147.8 1.724 — — 800.4 3.260 1.500 2.240 2.190 5102 GCB 2.200 UNCH 1422.1 2.212 8.34 1.14 2,220.0 0.500 0.300 — — 5592 GCE 0.335 — — — — — 66.0 3.790 1.830 2.230 2.150 4715 GENM 2.180 0.020 24297.2 2.189 8.83 5.05 12,944.9 6.830 2.910 3.870 3.790 3182 GENTING 3.820 0.040 13055.9 3.830 7.37 3.27 14,809.7 0.320 0.035 0.090 0.080 5079 GETS 0.085 UNCH 1028.1 0.085 — — 10.7 0.165 0.070 0.125 0.115 0136 GREENYB 0.120 UNCH 1544.7 0.119 — 1.33 40.0 2.624 1.120 1.550 1.520 7668 HAIO 1.540 0.030 405.8 1.531 13.53 7.79 462.5 3.920 2.890 3.100 3.080 5008 HARISON 3.100 0.040 8 3.089 8.46 6.45 212.3 0.155 0.030 0.060 0.055 5187 HBGLOB 0.055 UNCH 1207 0.056 3.01 — 25.7 31.740 17.300 24.400 23.140 3255 HEIM 24.000 0.800 193.8 24.033 23.17 4.50 7,250.4 11.401 6.040 8.290 8.020 3301 HLIND 8.280 0.240 36.8 8.214 8.34 5.98 2,715.0 0.738 0.355 0.485 0.475 5160 HOMERIZ 0.475 0.005 207.3 0.478 5.68 6.32 142.5 0.936 0.745 0.900 0.890 5024 HUPSENG 0.900 0.010 231.3 0.895 17.34 6.67 720.0 0.350 0.150 0.310 0.290 8478 HWATAI 0.310 0.030 27.4 0.299 — — 23.2 0.490 0.160 0.235 0.225 9113 ICONIC 0.225 -0.005 1037.4 0.231 — — 72.8 0.090 0.055 0.085 0.080 7243 IMPIANA 0.085 0.005 745.2 0.083 8.85 — 65.3 0.716 0.242 0.385 0.320 5295 INNATURE 0.360 0.035 5199.5 0.356 7.55 — 254.1 1.210 0.210 0.380 0.360 5107 IQGROUP 0.380 0.010 27.2 0.360 — — 33.5 0.075 0.025 0.040 0.035 7223 JADI 0.035 UNCH 1416 0.038 — — 36.3 1.150 0.680 0.830 0.780 7152 JAYCORP 0.780 -0.020 126.7 0.787 5.56 12.82 107.1 0.420 0.130 0.195 0.190 8931 JERASIA 0.195 -0.005 155 0.192 10.71 — 16.0 1.873 0.980 1.330 1.310 7167 JOHOTIN 1.320 0.020 661.4 1.318 8.43 4.85 409.8 0.380 0.120 0.245 0.200 8672 KAMDAR 0.245 0.045 2 0.223 272.22 — 48.5 0.643 0.260 0.440 0.410 5247 KAREX 0.410 -0.020 12009.8 0.426 — 1.22 411.0 1.654 0.815 1.290 1.260 7216 KAWAN 1.260 0.060 273.4 1.270 38.07 1.98 453.0 0.593 0.165 0.325 0.310 6203 KHEESAN 0.315 -0.005 1260.5 0.318 — 3.17 36.0 1.750 1.250 — — 7062 KHIND 1.550 — — — 33.33 — 62.1 3.110 0.295 1.760 1.670 7130 KPOWER 1.670 0.010 1601.1 1.722 28.79 — 139.9 0.120 0.035 0.075 0.070 5172 KSTAR 0.075 UNCH 150 0.071 — — 33.4 0.150 0.025 0.050 0.040 4847 KTB 0.045 -0.010 4613.6 0.044 — — 18.1 0.630 0.200 0.290 0.260 1643 LANDMRK 0.290 -0.005 295.1 0.265 — — 153.4 3.989 1.800 2.090 2.050 7006 LATITUD 2.070 0.020 91 2.081 62.16 2.90 201.2 0.530 0.160 0.345 0.335 9385 LAYHONG 0.335 -0.005 1876.6 0.340 11.39 1.49 221.2 0.888 0.325 — — 8079 LEESK 0.490 — — — 9.84 5.10 82.2 1.161 0.430 0.580 0.565 6633 LHI 0.565 -0.010 1430 0.573 13.23 — 2,062.3 3.181 1.570 2.050 1.950 7089 LIIHEN 1.980 0.030 417.2 1.999 4.55 7.83 356.4 0.395 0.010 — — 7126 LONBISC 0.020 — — — — — 5.8 0.170 0.080 0.130 0.110 8303 LOTUS 0.115 0.005 2442.5 0.119 — — 79.3 1.360 0.968 — — 7085 LTKM 1.150 — — — 7.87 1.30 149.6 2.644 1.211 1.910 1.840 7087 MAGNI 1.870 0.060 616.3 1.875 6.89 5.24 811.5 2.792 1.700 2.090 2.030 3859 MAGNUM 2.080 0.060 2398.1 2.070 12.40 7.69 2,990.5 0.125 0.080 0.100 0.090 3514 MARCO 0.100 UNCH 477.2 0.093 6.62 3.00 105.4 1.360 0.748 — — 5886 MBG 1.330 — — — 1900 1.13 80.9 4.372 2.500 2.770 2.740 5983 MBMR 2.750 0.030 1219.4 2.750 4.70 4.73 1,074.9 0.530 0.155 0.215 0.205 7234 MESB 0.210 0.010 1052.1 0.209 3.84 — 19.1 0.741 0.335 0.485 0.470 3662 MFLOUR 0.470 UNCH 4257.1 0.476 9.94 6.38 473.5 0.900 0.700 — — 7935 MILUX 0.900 — — — — — 52.9 0.120 0.015 0.025 0.025 5166 MINDA 0.025 UNCH 304.7 0.025 — — 31.0 1.780 0.230 0.420 0.395 5202 MSM 0.395 UNCH 10190.2 0.405 — — 277.7 0.255 0.050 0.095 0.085 3891 MUIIND 0.090 0.005 20260.7 0.090 — — 263.9 2.440 1.100 1.350 1.310 3905 MULPHA 1.320 UNCH 164.9 1.326 — — 421.9 1.480 0.575 0.880 0.860 5275 MYNEWS 0.870 0.005 735.7 0.872 25.00 1.15 593.5 148.36 118.77 139.50 137.50 4707 NESTLE 139.000 1.400 78.1 138.726 48.44 3.02 32,595.5 2.828 1.900 1.990 1.950 7060 NHFATT 1.950 UNCH 5.1 1.969 10.84 5.13 161.2 0.075 0.020 0.050 0.040 7139 NICE 0.040 -0.005 2043.1 0.041 — — 28.1 0.246 0.055 0.095 0.085 7215 NIHSIN 0.090 UNCH 980.1 0.089 — — 28.9 0.560 0.287 0.420 0.390 5066 NTPM 0.395 0.010 983.8 0.404 — 4.05 443.7 0.580 0.300 — — 5533 OCB 0.480 — — — — — 49.4 0.820 0.290 0.430 0.410 0049 OCNCASH 0.415 0.005 5337.5 0.420 14.31 3.49 101.8 0.882 0.450 0.650 0.600 7107 OFI 0.610 0.010 243.4 0.612 12.68 2.95 146.4 0.135 0.050 0.080 0.075 3018 OLYMPIA 0.080 UNCH 461 0.076 — — 81.9 6.580 4.500 5.030 5.000 4006 ORIENT 5.000 UNCH 201.8 5.010 8.84 5.20 3,102.0 0.740 0.155 0.305 0.290 5260 OWG 0.290 UNCH 802.6 0.298 — — 82.7 3.956 1.780 2.420 2.200 7052 PADINI 2.300 0.150 3932.9 2.335 9.20 4.35 1,513.2 39.747 22.820 30.000 28.000 3719 PANAMY 29.300 1.800 21.7 29.368 16.28 7.71 1,779.9 0.446 0.230 0.265 0.250 5022 PAOS 0.260 UNCH 53.7 0.261 — 6.15 47.1 0.350 0.180 — — 9407 PARAGON 0.220 — — — 4.25 — 15.4 0.270 0.065 0.120 0.095 5657 PARKSON 0.095 -0.010 48733.6 0.109 — — 103.9 0.622 0.160 0.260 0.245 6068 PCCS 0.245 -0.005 1297.5 0.254 4.05 6.12 51.5 0.590 0.185 0.300 0.285 5231 PELIKAN 0.285 -0.005 1929.9 0.291 17.48 — 173.3 0.420 0.190 0.220 0.220 9997 PENSONI 0.220 UNCH 9.2 0.220 — — 28.5 1.070 0.480 0.790 0.765 7080 PERMAJU 0.770 UNCH 11462.1 0.778 — — 150.9 26.046 17.500 21.600 21.300 5681 PETDAG 21.520 0.220 315.1 21.418 25.76 3.25 21,379.1 0.149 0.075 0.120 0.100 4081 PMCORP 0.100 -0.015 24 0.115 — 5.00 77.3 0.130 0.045 0.115 0.110 1287 PMHLDG 0.110 UNCH 623 0.111 — — 102.2 0.702 0.300 0.505 0.470 5080 POHKONG 0.475 -0.020 4269.1 0.487 5.72 2.53 194.9 1.558 0.690 0.875 0.860 7088 POHUAT 0.865 UNCH 309.8 0.867 4.13 8.09 211.4 19.960 15.000 16.900 16.540 4065 PPB 16.820 0.080 509.2 16.806 20.76 2.44 23,928.1 1.300 0.055 0.200 0.185 7168 PRG 0.185 -0.005 3110.3 0.191 — — 76.8 1.100 0.305 0.525 0.510 8966 PRLEXUS 0.510 -0.015 504.3 0.519 13.04 1.57 92.3 0.259 0.125 0.205 0.190 0186 PTRANS 0.200 UNCH 22984.5 0.198 7.17 6.25 284.6 0.846 0.350 0.520 0.520 7134 PWF 0.520 0.005 3 0.520 13.83 3.85 90.5 2.398 1.275 2.240 2.180 7237 PWROOT 2.230 0.060 427.7 2.211 20.33 3.99 915.6

8.650 6.461 8.280 7.950 7084 QL 8.170 0.220 1599.4 8.165 55.31 0.55 13,255.3 0.420 0.220 — — 9946 REX 0.310 — — — — — 76.5 0.215 0.100 0.150 0.140 0037 RGB 0.140 0.005 25950.4 0.146 5.45 2.14 216.8 0.845 0.590 0.625 0.605 5278 RHONEMA 0.625 -0.005 7 0.611 13.16 4.80 122.2 1.014 0.255 0.440 0.410 0183 SALUTE 0.415 0.010 15996.6 0.425 — 5.78 161.0 0.400 0.080 0.155 0.145 5157 SAUDEE 0.155 0.015 253.7 0.148 — — 21.3 0.640 0.595 0.605 0.600 9792 SEG 0.605 UNCH 305.2 0.605 16.01 4.13 765.1 1.560 1.210 1.360 1.360 5250 SEM 1.360 UNCH 322.1 1.360 28.81 1.76 1,677.4 0.980 0.440 0.845 0.735 7180 SERNKOU 0.830 0.065 3090.6 0.809 11.25 — 211.4 5.865 4.200 4.430 4.410 5517 SHANG 4.420 0.010 12.7 4.420 30.72 3.39 1,944.8 0.550 0.275 0.320 0.310 7412 SHH 0.310 -0.005 33 0.316 — — 15.5 0.538 0.155 0.385 0.375 7246 SIGN 0.375 -0.005 329.4 0.379 57.69 2.67 90.1 2.370 1.560 1.890 1.800 4197 SIME 1.880 0.080 6128.4 1.855 13.71 4.79 12,786.7 0.405 0.080 0.110 0.095 8532 SINOTOP 0.100 -0.015 193.1 0.102 — — 39.5 0.210 0.060 0.100 0.100 9776 SMCAP 0.100 -0.010 19.6 0.100 2.78 — 21.4 0.400 0.185 — — 7943 SNC 0.190 — — — — — 12.5 0.375 0.200 0.310 0.285 5242 SOLID 0.285 -0.020 6058.4 0.296 66.28 — 112.7 2.400 1.700 1.980 1.980 7103 SPRITZER 1.980 -0.010 3 1.980 13.30 1.77 415.8 0.775 0.250 0.360 0.350 7186 SWSCAP 0.350 UNCH 3 0.357 — — 63.8 0.225 0.135 0.140 0.135 7082 SYF 0.140 UNCH 48 0.136 — — 86.7 0.365 0.200 — — 7211 TAFI 0.280 — — — — — 22.4 1.605 0.980 1.110 1.100 4405 TCHONG 1.110 -0.020 6 1.108 16.59 3.60 745.9 1.500 0.770 0.840 0.840 7439 TECGUAN 0.840 0.005 56 0.840 10.66 — 33.7 0.340 0.115 0.215 0.200 7200 TEKSENG 0.210 0.010 1086.5 0.209 — — 75.7 1.387 0.650 1.070 1.050 7252 TEOSENG 1.050 -0.010 571.3 1.055 5.32 5.71 315.0 1.386 0.899 0.910 0.910 9369 TGL 0.910 0.005 5 0.910 5.64 5.49 37.1 0.600 0.240 0.485 0.450 7230 TOMEI 0.450 -0.025 1895.6 0.467 7.14 2.22 62.4 0.450 0.190 0.280 0.275 7176 TPC 0.280 UNCH 20.5 0.280 31.46 — 65.5 5.597 1.650 2.240 2.180 4588 UMW 2.200 0.010 1547.6 2.209 5.85 0.91 2,570.2 2.300 1.740 1.860 1.820 7757 UPA 1.820 -0.040 2 1.822 12.69 4.40 144.8 0.970 0.100 0.340 0.320 7240 VERTICE 0.325 -0.005 844.2 0.328 — — 61.3 1.110 0.680 0.780 0.750 7203 WANGZNG 0.780 0.005 16 0.769 10.66 5.13 124.8 2.250 1.330 1.350 1.330 5016 WARISAN 1.330 -0.070 0.9 1.343 — 3.01 89.4 0.175 0.065 0.075 0.065 5156 XDL 0.070 UNCH 20402 0.070 7.45 — 126.3 0.730 0.200 0.285 0.280 7121 XIANLNG 0.280 -0.005 296 0.280 — — 22.4 2.340 1.700 — — 5584 YEELEE 1.960 — — — 15.86 2.04 375.5 1.147 0.430 0.585 0.555 5159 YOCB 0.565 0.020 1166.4 0.570 5.68 8.85 90.4 1.583 0.950 1.110 1.020 5131 ZHULIAN 1.030 -0.020 6897.8 1.064 9.56 7.77 473.8INDUSTRIAL PRODUCTS & SERVICES 0.095 0.040 — — 7086 ABLEGRP 0.055 — — — — — 14.5 2.400 1.680 1.950 1.910 9148 ADVPKG 1.950 UNCH 1.2 1.917 — 3.08 40.0 0.130 0.040 0.070 0.070 7146 AEM 0.070 0.005 5 0.070 — — 23.1 0.710 0.255 — — 5198 AFUJIYA 0.290 — — — 28.16 — 52.2 0.330 0.160 0.220 0.200 2682 AISB 0.210 -0.025 35.7 0.208 — — 30.3 0.570 0.200 0.320 0.310 7609 AJIYA 0.310 UNCH 70 0.317 18.24 — 94.4 0.600 0.180 0.595 0.545 2674 ALCOM 0.555 -0.010 751.4 0.572 222.00 — 74.6 1.139 0.815 0.860 0.860 7083 ANALABS 0.860 0.005 20 0.860 17.84 3.49 103.2 0.770 0.380 0.600 0.585 4758 ANCOM 0.585 UNCH 323.9 0.586 24.27 — 140.9 1.805 0.415 0.715 0.680 6556 ANNJOO 0.690 -0.010 4151.2 0.701 — 17.39 386.3 0.045 0.010 0.030 0.020 9342 ANZO 0.020 -0.005 22935.8 0.025 — — 17.6 0.600 0.355 0.500 0.430 5568 APB 0.430 -0.070 52.6 0.462 — — 48.5 2.937 1.500 1.730 1.670 5015 APM 1.720 0.060 114.6 1.699 12.35 6.98 346.8 0.565 0.270 0.365 0.355 7214 ARANK 0.365 -0.015 22 0.362 5.51 6.85 62.1 0.750 0.370 0.500 0.500 7162 ASTINO 0.500 UNCH 36.7 0.500 5.45 2.00 137.1 1.850 0.665 1.150 1.100 8176 ATAIMS 1.150 0.050 903.9 1.137 14.15 2.86 1,385.0 0.630 0.375 — — 7099 ATTA 0.445 — — — 4.06 — 94.9 0.761 0.195 0.360 0.310 7579 AWC 0.350 0.040 20845.5 0.338 6.68 4.29 104.6 0.338 0.115 0.175 0.165 5021 AYS 0.175 UNCH 35.9 0.170 — 11.43 66.6 0.440 0.170 — — 7005 BIG 0.245 — — — — — 13.0 0.150 0.040 0.085 0.075 6998 BINTAI 0.080 UNCH 76 0.080 9.09 — 23.2 0.275 0.170 0.205 0.195 3395 BJCORP 0.195 -0.005 36782.2 0.200 — — 1,016.9 0.766 0.300 0.430 0.430 0168 BOILERM 0.430 0.010 42.1 0.430 8.07 4.65 221.9 0.050 0.010 0.025 0.020 7036 BORNOIL 0.020 UNCH 2397.3 0.023 — — 106.8 1.240 0.815 — — 6297 BOXPAK 1.120 — — — — — 134.5 1.069 0.610 0.890 0.880 5100 BPPLAS 0.880 UNCH 23.5 0.882 7.79 6.82 165.2 0.560 0.095 0.185 0.175 9938 BRIGHT 0.175 UNCH 691.7 0.181 21.88 — 35.9 0.390 0.080 0.160 0.150 7221 BSLCORP 0.160 0.015 10 0.155 — — 15.7 1.400 0.345 0.450 0.425 2771 BSTEAD 0.440 0.005 3218 0.436 — 11.36 891.9 0.230 0.050 0.090 0.090 7188 BTM 0.090 0.005 23 0.090 — — 12.7 3.941 1.600 2.490 2.430 5105 CANONE 2.430 0.010 85.6 2.441 0.67 1.65 466.9 0.015 0.010 — — 5229 CAP 0.010 — — — — — 13.6 1.250 0.680 0.830 0.815 7076 CBIP 0.830 UNCH 89.5 0.826 11.84 3.61 446.7 2.120 0.590 0.850 0.830 2879 CCM 0.840 0.020 172 0.843 8.81 5.95 140.9 0.885 0.400 0.615 0.615 8435 CEPCO 0.615 -0.065 1.6 0.615 — — 45.9 1.200 1.070 — — 8044 CFM 1.070 — — — — — 43.9 0.595 0.300 — — 8052 CGB 0.370 — — — — — 33.3 0.902 0.392 0.505 0.495 5273 CHINHIN 0.500 UNCH 65.5 0.499 14.41 4.00 278.2 1.884 0.680 0.920 0.910 5007 CHINWEL 0.910 0.010 345.1 0.914 7.64 5.33 272.6 1.652 0.700 0.820 0.800 5797 CHOOBEE 0.805 -0.025 67.1 0.806 — 6.21 106.0 0.500 0.180 0.245 0.225 7016 CHUAN 0.245 0.010 25.4 0.242 — 4.49 41.3 0.045 0.020 0.025 0.025 7018 CME 0.025 UNCH 300 0.025 — — 14.6 3.824 0.830 1.340 1.250 2852 CMSB 1.250 -0.020 29486 1.296 8.37 5.92 1,343.0 0.500 0.340 — — 7986 CNASIA 0.395 — — — — — 19.7 0.310 0.050 0.095 0.095 7195 COMCORP 0.095 UNCH 100 0.095 — — 13.3 1.020 0.605 0.910 0.880 2127 COMFORT 0.885 0.005 7007.2 0.896 15.15 1.69 515.9 0.030 0.010 0.020 0.015 5037 COMPUGT 0.015 -0.005 12090 0.015 — — 37.6 1.190 0.540 0.730 0.715 5094 CSCSTEL 0.720 UNCH 680.2 0.723 7.64 5.56 273.6 0.473 0.270 — — 7157 CYL 0.350 — — — 218.75 7.14 35.0 0.360 0.220 — — 5082 CYMAO 0.220 — — — — — 16.5 1.668 0.605 0.845 0.820 5184 CYPARK 0.820 UNCH 1327.2 0.834 4.09 4.76 383.3 2.600 1.450 1.950 1.930 8125 DAIBOCI 1.930 -0.010 33.7 1.939 23.28 — 632.8 0.639 0.230 0.380 0.350 5276 DANCO 0.380 -0.005 50.6 0.367 8.09 4.61 115.5 0.330 0.055 0.120 0.115 7212 DESTINI 0.120 -0.005 1899.3 0.120 — — 147.6 0.660 0.185 0.250 0.240 7114 DNONCE 0.240 UNCH 236.5 0.242 114.29 — 62.9 0.280 0.025 0.055 0.050 5835 DOLMITE 0.050 0.005 340 0.052 — — 15.7 0.180 0.025 0.060 0.055 5265 DOLPHIN 0.055 UNCH 799.9 0.056 — — 13.4 1.289 0.700 0.805 0.750 7169 DOMINAN 0.790 0.050 1263.5 0.785 8.28 6.33 130.5 5.000 1.823 3.350 3.200 7233 DUFU 3.280 0.020 1230.6 3.299 18.70 — 863.3 2.000 0.100 0.280 0.240 7165 DWL 0.255 0.015 788.7 0.251 — — 59.4 0.095 0.025 0.050 0.040 5178 DYNACIA 0.050 0.005 2283.1 0.045 — — 26.8 3.459 1.880 2.570 2.540 1368 EDGENTA 2.570 0.040 176.2 2.553 11.76 5.45 2,137.3 0.225 0.050 0.085 0.080 0064 EFFICEN 0.080 UNCH 492.6 0.082 — — 56.7 0.500 0.195 0.275 0.260 8907 EG 0.265 0.005 2605.5 0.267 7.64 — 72.9 1.533 1.020 1.090 1.080 5208 EITA 1.090 UNCH 55.8 1.084 5.61 5.50 141.7 0.800 0.385 0.425 0.410 9016 EKSONS 0.425 0.005 577 0.417 — 11.76 69.8 0.530 0.155 0.265 0.255 7217 EMETALL 0.255 -0.005 655.6 0.262 14.09 — 48.0 0.887 0.460 0.580 0.555 5056 ENGTEX 0.560 0.005 149 0.566 — 1.34 248.3 0.400 0.210 — — 7773 EPMB 0.245 — — — — — 40.7 0.405 0.090 0.160 0.150 5101 EVERGRN 0.150 UNCH 5957.2 0.157 — 3.20 127.0 1.440 1.000 1.140 1.110 2984 FACBIND 1.110 -0.050 119.4 1.129 95.69 0.90 94.5 3.020 1.710 2.130 2.030 7229 FAVCO 2.080 0.050 55 2.104 5.69 6.49 465.8 0.427 0.200 — — 0149 FIBON 0.300 — — — 12.15 2.40 29.4 1.830 1.010 1.330 1.320 3107 FIMACOR 1.320 0.020 13.1 1.330 15.30 9.47 323.7 0.463 0.154 0.230 0.225 9318 FITTERS 0.230 UNCH 1800.4 0.228 25.27 — 110.5 1.636 0.610 0.700 0.685 5197 FLBHD 0.690 0.010 20 0.691 — 21.01 73.7 1.010 0.295 0.675 0.640 5277 FPGROUP 0.640 -0.010 29780.8 0.660 21.77 1.88 347.1 0.685 0.280 — — 7197 GESHEN 0.400 — — — — — 32.0 0.515 0.180 0.285 0.275 5220 GLOTEC 0.285 UNCH 410.7 0.280 — — 76.7 0.240 0.115 0.145 0.145 7192 GOODWAY 0.145 UNCH 32.9 0.145 — — 22.9 0.145 0.070 0.075 0.075 7096 GPA 0.075 UNCH 70 0.075 750.00 — 73.5 0.305 0.100 0.135 0.130 5649 GPHAROS 0.130 -0.005 75 0.133 — 9.77 17.8 0.520 0.160 0.305 0.300 3247 GUH 0.305 0.040 73.8 0.301 16.94 — 84.8 10.080 6.700 7.380 7.240 3034 HAPSENG 7.260 -0.080 597 7.281 15.54 4.82 18,075 0.666 0.223 0.340 0.330 5095 HEVEA 0.335 0.005 2961 0.334 13.40 13.13 190.2 0.835 0.475 0.515 0.500 5151 HEXTAR 0.510 0.005 713.7 0.505 — 8.59 418.5 0.845 0.590 0.775 0.760 3298 HEXZA 0.765 0.005 153.4 0.766 18.80 6.54 153.3 0.283 0.090 0.155 0.140 5072 HIAPTEK 0.150 0.005 6340.4 0.149 20.83 3.33 201.6 1.260 0.895 — — 7033 HIGHTEC 0.990 — — — 11.47 3.54 40.2 0.605 0.415 0.510 0.510 8443 HIL 0.510 0.010 2 0.510 7.92 3.43 170.4 0.750 0.340 — — 5165 HOKHENG 0.420 — — — — — 37.0 0.572 0.260 0.310 0.305 5291 HPMT 0.305 -0.005 237 0.307 — 2.46 100.2 1.230 0.250 0.430 0.420 0185 HSSEB 0.425 -0.005 737.8 0.423 193.18 — 210.7 1.860 0.647 1.170 1.150 5000 HUMEIND 1.160 0.010 388.7 1.157 — — 576.7 0.190 0.060 0.190 0.160 9601 HWGB 0.180 0.020 17239.4 0.177 — — 91.0 2.286 1.854 2.150 2.130 7222 IMASPRO 2.150 0.020 567.2 2.136 49.20 1.63 172.0 0.530 0.185 — — 5673 IPMUDA 0.250 — — — — — 18.1 0.155 0.040 — — 7183 IQZAN 0.060 — — — 1.97 — 11.1 1.250 0.800 — — 7043 JADEM 0.820 — — — — — 104.0 0.120 0.065 — — 8648 JASKITA 0.080 — — — — — 36.0 1.560 1.150 — — 0058 JCBNEXT 1.200 — — — 16.62 3.33 165.3 0.195 0.050 0.090 0.075 9083 JETSON 0.090 UNCH 100.4 0.090 — — 19.0 0.200 0.085 0.140 0.135 0054 KARYON 0.140 UNCH 1201.8 0.138 9.46 3.21 66.6 0.553 0.270 — — 7199 KEINHIN 0.280 — — — 8.59 3.57 30.5 1.707 0.985 1.180 1.170 6491 KFIMA 1.170 -0.010 88.1 1.177 10.10 7.69 330.2 1.430 0.590 0.995 0.970 0151 KGB 0.975 -0.005 939.9 0.985 12.25 1.85 303.7 0.300 0.110 — — 6211 KIALIM 0.165 — — — — — 10.2 1.250 0.700 0.790 0.790 5371 KIMHIN 0.790 0.015 2 0.790 — — 122.9 0.010 0.005 — — 5060 KINSTEL 0.005 — — — 25.00 — 5.2 2.370 1.172 1.570 1.520 9466 KKB 1.520 -0.020 378 1.550 8.11 2.63 391.8 0.850 0.445 — — 5035 KNUSFOR 0.590 — — — 3.51 — 58.8 2.040 1.230 1.400 1.400 6971 KOBAY 1.400 0.020 1.7 1.400 6.80 2.14 142.9 0.390 0.150 0.235 0.220 7017 KOMARK 0.225 UNCH 13099.1 0.229 — — 46.3 1.269 0.265 0.510 0.465 5843 KPS 0.490 UNCH 1177.3 0.492 9.42 8.67 263.3 0.540 0.265 — — 9121 KPSCB 0.380 — — — 8.64 — 56.2 4.858 3.300 3.690 3.550 3476 KSENG 3.600 UNCH 65.4 3.603 14.63 2.78 1,301.3 0.590 0.200 0.330 0.320 5192 KSSC 0.330 -0.010 30 0.323 — 1.52 31.7 0.420 0.150 0.295 0.285 6874 KUB 0.285 UNCH 1035.5 0.290 9.16 3.51 158.6 0.400 0.180 — — 8362 KYM 0.210 — — — — — 31.5 0.615 0.260 0.380 0.365 9326 LBALUM 0.365 -0.005 59.8 0.373 5.81 4.11 90.7 3.853 0.975 1.350 1.250 5284 LCTITAN 1.300 0.060 24907.9 1.307 6.72 5.38 3,000.1 0.493 0.200 0.280 0.275 5232 LEONFB 0.275 UNCH 54 0.276 15.19 5.45 85.3 0.260 0.060 0.120 0.110 8745 LEWEKO 0.120 0.010 70.6 0.110 — — 38.6 0.300 0.090 — — 7170 LFECORP 0.125 — — — 138.89 — 28.1 0.665 0.120 0.220 0.200 4235 LIONIND 0.205 -0.005 14725.3 0.210 — — 147.2 0.475 0.185 — — 8486 LIONPSIM 0.350 — — — 7.45 — 81.1 0.360 0.185 0.230 0.225 9881 LSTEEL 0.225 UNCH 109 0.227 — — 28.8 0.105 0.050 0.070 0.065 5068 LUSTER 0.065 -0.005 1310.9 0.067 13.54 — 141.3 0.600 0.330 0.455 0.445 5143 LUXCHEM 0.445 -0.005 920 0.451 10.42 5.06 398.6

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

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

2 0 THURSDAY APRIL 16, 2020 • THEEDGE FINANCIAL DAILY



2.700 1.950 2.030 2.000 9199 LYSAGHT 2.000 -0.010 4.9 2.006 9.07 3.50 83.2 0.590 0.170 0.295 0.280 5098 MASTEEL 0.285 0.005 738.3 0.292 — — 129.0 3.200 0.605 1.580 1.470 7029 MASTER 1.500 0.010 4861.4 1.528 5.22 2.33 81.9 1.490 0.920 1.170 1.100 5152 MBL 1.170 0.030 466.5 1.125 6.08 3.85 125.7 0.730 0.285 — — 7004 MCEHLDG 0.350 — — — — — 15.5 4.570 1.300 2.180 2.140 3794 MCEMENT 2.160 0.030 139 2.154 — — 1,835.3 0.385 0.090 0.190 0.170 3778 MELEWAR 0.170 -0.005 1349.5 0.180 1.79 — 61.1 0.680 0.240 0.345 0.345 5223 MENTIGA 0.345 0.045 1 0.345 7.82 — 24.2 1.738 1.080 — — 6149 METROD 1.300 — — — 28.20 4.62 156.0 0.360 0.180 0.225 0.215 5001 MIECO 0.225 0.005 502.6 0.221 72.58 — 118.1 0.260 0.050 0.260 0.235 7219 MINETEC 0.255 0.005 143275 0.250 — — 235.0 0.400 0.155 0.245 0.220 5576 MINHO 0.225 0.005 1972.7 0.231 30.41 5.11 76.6 0.989 0.440 0.640 0.605 5916 MSC 0.615 0.025 246 0.618 7.32 3.25 246.0 0.085 0.015 0.030 0.025 0043 MTRONIC 0.025 -0.005 2353.8 0.025 — — 31.1 1.836 0.835 1.090 1.080 3883 MUDA 1.080 UNCH 118.1 1.084 8.37 4.17 329.5 0.505 0.140 0.260 0.235 5087 MYCRON 0.235 -0.005 30 0.244 — — 76.9 0.485 0.140 0.250 0.235 7241 NGGB 0.250 0.015 845.1 0.245 — — 132.9 0.230 0.065 0.150 0.135 5025 NWP 0.135 -0.015 35.5 0.138 — — 58.2 0.697 0.330 0.470 0.470 4944 NYLEX 0.470 0.020 1 0.470 — 4.26 91.3 0.825 0.380 0.570 0.555 7140 OKA 0.560 0.005 240 0.564 11.05 6.96 137.4 1.420 0.700 0.945 0.920 5065 ORNA 0.930 UNCH 255.9 0.931 5.22 3.23 70.0 0.075 0.035 0.050 0.045 7225 PA 0.045 UNCH 9209.2 0.045 18.00 — 101.0 0.690 0.421 0.680 0.665 8419 PANSAR 0.675 0.010 10815.9 0.671 30.41 1.48 311.9 0.562 0.246 0.360 0.355 5125 PANTECH 0.355 UNCH 863.8 0.358 6.66 5.63 266.6 8.849 4.000 5.540 5.170 5183 PCHEM 5.420 0.250 6314.9 5.416 15.38 3.32 43,360.0 1.222 0.649 0.805 0.790 5271 PECCA 0.790 UNCH 1069 0.801 8.97 8.23 148.5 4.778 2.820 3.430 3.240 5436 PERSTIM 3.430 0.050 11.6 3.321 10.38 8.75 340.6 1.530 0.600 0.900 0.880 5219 PESTECH 0.880 -0.005 197 0.887 8.21 — 672.6 0.140 0.060 0.085 0.075 7201 PICORP 0.080 UNCH 510.7 0.081 27.59 6.25 52.6 1.650 0.720 1.220 1.170 7095 PIE 1.180 0.020 795.9 1.197 12.39 2.03 453.2 0.310 0.105 0.150 0.145 7163 PJBUMI 0.150 UNCH 150.1 0.149 20.83 — 12.3 3.393 2.400 2.940 2.900 7172 PMBTECH 2.920 0.070 24 2.923 20.87 0.68 615.1 5.216 2.740 3.900 3.770 8869 PMETAL 3.900 0.140 2276.8 3.858 33.28 1.28 15,748.6 0.530 0.360 0.530 0.505 6637 PNEPCB 0.525 0.020 9425.3 0.523 — — 69.0 0.475 0.200 0.280 0.275 8117 POLY 0.275 0.060 35 0.279 18.46 — 44.0 1.400 0.325 0.625 0.600 8273 PPHB 0.600 UNCH 1762.7 0.611 4.79 0.42 113.2 0.713 0.210 0.340 0.330 9873 PRESTAR 0.330 UNCH 41 0.334 19.19 4.55 67.6 0.080 0.005 0.015 0.010 7123 PWORTH 0.015 UNCH 1866 0.015 — — 61.4 1.430 0.720 — — 7544 QUALITY 0.800 — — — — — 46.4 0.320 0.180 — — 7498 RALCO 0.250 — — — — — 11.5 0.350 0.170 0.270 0.260 7232 RESINTC 0.260 -0.005 60.2 0.268 6.33 9.62 35.7 0.200 0.085 0.125 0.120 9954 RGTBHD 0.120 UNCH 465 0.121 12.77 — 69.2 0.784 0.170 0.370 0.355 9741 ROHAS 0.355 -0.005 1972.3 0.362 9.70 4.23 167.8 0.895 0.404 0.885 0.835 7803 RUBEREX 0.865 0.040 10421.2 0.859 19.22 2.31 218.2 3.980 2.700 3.000 2.980 5134 SAB 2.980 0.020 2.6 2.988 16.86 1.68 408.1 8.640 4.200 5.280 5.140 9822 SAM 5.240 0.090 143.4 5.246 8.11 3.33 708.3 0.741 0.350 0.485 0.470 5147 SAMCHEM 0.475 -0.005 442.1 0.477 5.43 6.32 129.2 0.784 0.200 0.470 0.470 7811 SAPIND 0.470 UNCH 0.8 0.470 14.29 10.64 34.2 0.420 0.100 0.190 0.185 5170 SCABLE 0.185 UNCH 157.2 0.188 — — 58.7 1.680 0.755 1.310 1.250 7247 SCGM 1.250 -0.010 1678.6 1.277 73.53 1.60 242.0 3.490 0.545 2.260 2.000 9237 SCIB 2.250 0.250 1692.4 2.181 63.92 — 193.2 1.280 0.480 0.775 0.735 0099 SCICOM 0.740 UNCH 2091 0.756 12.25 6.76 263.0 9.765 5.960 7.890 7.700 4731 SCIENTX 7.750 -0.030 388.2 7.814 10.36 2.58 3,998.0 0.360 0.065 0.120 0.105 7239 SCNWOLF 0.115 UNCH 617 0.115 7.01 — 12.2 0.565 0.120 0.220 0.210 7073 SEACERA 0.215 UNCH 27384.2 0.216 — — 103.6 0.750 0.320 — — 5163 SEB 0.440 — — — — — 35.2 0.460 0.375 0.400 0.400 5181 SIGGAS 0.400 UNCH 353.8 0.400 — 1.25 75.0 0.680 0.380 0.400 0.400 7115 SKBSHUT 0.400 -0.030 2 0.400 6.43 — 16.0 1.590 0.660 1.100 1.050 7155 SKPRES 1.080 0.040 4028.9 1.069 15.32 3.56 1,350.2 1.373 0.690 0.780 0.765 7248 SLP 0.765 0.005 575.3 0.770 11.43 7.19 242.5 0.490 0.250 — — 7132 SMISCOR 0.400 — — — 18.52 — 17.9 1.220 0.330 0.460 0.440 5665 SSTEEL 0.455 0.005 514.2 0.454 — — 271.3 0.905 0.380 — — 6904 SUBUR 0.440 — — — — — 92.0 1.100 0.400 0.575 0.555 7207 SUCCESS 0.560 -0.010 563.6 0.564 7.89 4.82 139.8 1.805 1.207 1.610 1.590 5211 SUNWAY 1.600 0.020 2381.7 1.603 11.10 4.67 7,894.3 1.069 0.388 0.550 0.535 7235 SUPERLN 0.535 0.005 607.9 0.539 9.45 5.70 85.6 6.800 4.100 5.600 5.600 4448 TASEK 5.600 0.050 15.2 5.600 — — 692.3 0.235 0.030 0.090 0.060 7097 TAWIN 0.065 0.010 74937.9 0.075 — — 23.2 0.898 0.480 0.585 0.560 5289 TECHBND 0.575 0.010 92.3 0.566 14.94 — 132.3 0.675 0.195 0.375 0.350 8702 TEXCHEM 0.350 0.005 236.9 0.363 — 28.57 43.4 4.320 1.950 3.110 3.050 7034 TGUAN 3.090 0.070 580.2 3.084 7.74 2.59 574.7 1.389 0.760 — — 7374 TIENWAH 0.865 — — — — 6.36 125.2 0.680 0.230 — — 7854 TIMWELL 0.460 — — — 8.57 4.35 41.0 0.575 0.300 0.370 0.360 7285 TOMYPAK 0.360 -0.005 368.8 0.362 — 0.83 151.3 3.509 1.230 1.680 1.640 5010 TONGHER 1.680 0.030 24.1 1.667 13.13 11.90 264.5 0.841 0.550 0.580 0.580 7173 TOYOINK 0.580 -0.020 8.7 0.580 9.25 5.17 62.1 0.775 0.530 — — 5167 TURBO 0.640 — — — 22.70 3.13 69.1 2.820 1.700 2.310 2.200 7100 UCHITEC 2.270 0.070 643 2.287 13.42 6.39 1,024.2 0.800 0.230 0.330 0.325 7133 ULICORP 0.330 -0.015 30 0.327 — — 71.9 1.993 1.430 — — 7137 UMS 1.700 — — — 16.67 3.53 69.2 0.945 0.690 — — 7227 UMSNGB 0.885 — — — 17.25 3.39 70.8 1.427 0.910 — — 7091 UNIMECH 1.030 — — — 7.02 4.66 163.5 0.400 0.180 — — 4995 VERSATL 0.215 — — — — — 61.1 1.509 0.600 0.955 0.925 6963 VS 0.925 -0.015 16831 0.939 9.97 3.68 1,724.2 0.800 0.365 — — 7226 WATTA 0.495 — — — 21.71 — 41.8 1.235 0.550 0.795 0.780 7231 WELLCAL 0.785 -0.005 430.9 0.789 10.72 7.26 390.9 0.700 0.430 — — 7692 WIDETEC 0.500 — — — 17.67 — 22.4 0.650 0.280 0.390 0.380 7050 WONG 0.385 0.005 101.7 0.383 7.86 4.34 44.1 0.810 0.400 — — 7025 WOODLAN 0.450 — — — — — 18.0 1.200 0.645 0.680 0.680 5009 WTHORSE 0.680 -0.010 1 0.680 — — 163.2 0.681 0.200 0.280 0.270 4243 WTK 0.275 UNCH 2535.5 0.274 — 5.45 132.4 0.315 0.050 0.130 0.115 7245 WZSATU 0.125 0.005 4636.8 0.125 — — 64.0 0.650 0.395 0.410 0.405 5048 YILAI 0.410 -0.020 100 0.408 — — 59.7 0.170 0.060 0.085 0.085 7020 YKGI 0.085 UNCH 100.4 0.085 8.76 — 29.8 0.300 0.150 0.180 0.170 7014 YLI 0.170 UNCH 125 0.174 — — 17.5CONSTRUCTION 0.458 0.210 0.280 0.280 5281 ADVCON 0.280 UNCH 224.4 0.280 10.41 2.14 113.1 0.170 0.050 0.080 0.070 7145 AGES 0.070 UNCH 4071.4 0.075 2.31 — 35.1 2.050 1.010 1.430 1.340 5293 AME 1.400 0.060 2315.2 1.376 7.70 — 598.0 0.560 0.115 0.225 0.210 7078 AZRB 0.215 UNCH 1846.3 0.218 — 4.14 128.6 0.230 0.045 0.110 0.085 5190 BENALEC 0.085 -0.020 11026.6 0.099 — — 73.3 0.189 0.030 0.060 0.055 5932 BPURI 0.055 UNCH 12034.5 0.059 68.75 — 42.0 0.800 0.520 — — 8761 BREM 0.590 — — — 5.59 6.78 203.8 1.100 0.555 0.725 0.680 8591 CRESBLD 0.715 0.055 424.7 0.708 6.22 6.29 126.5 1.900 1.380 1.620 1.490 7528 DKLS 1.490 -0.140 18 1.562 23.73 2.01 138.1 0.874 0.300 0.510 0.485 5253 ECONBHD 0.490 -0.005 3844.7 0.504 10.49 1.02 655.4 1.027 0.285 0.490 0.465 8877 EKOVEST 0.470 UNCH 56113.3 0.480 8.02 2.13 1,247.8 0.499 0.140 0.265 0.255 7047 FAJAR 0.260 0.005 735.7 0.262 3.63 5.77 97.2 0.941 0.225 0.395 0.370 9261 GADANG 0.375 0.005 16871.3 0.383 7.01 3.20 273.0 4.237 2.360 3.260 3.150 5398 GAMUDA 3.150 -0.080 3537.3 3.201 10.97 3.81 7,917.6 1.514 0.595 0.805 0.780 5226 GBGAQRS 0.790 0.010 536.4 0.794 10.04 1.90 390.7 1.339 0.430 0.695 0.660 3204 GKENT 0.665 UNCH 3823 0.677 6.58 — 374.6 0.695 0.240 0.395 0.385 5169 HOHUP 0.385 UNCH 102.3 0.390 2.88 — 158.8 1.477 0.960 1.030 1.000 6238 HSL 1.020 0.020 58.4 1.018 10.15 2.35 594.3 2.475 1.150 1.780 1.730 3336 IJM 1.780 0.030 3532.7 1.757 15.29 2.25 6,477.9 0.290 0.010 0.045 0.035 5268 IKHMAS 0.035 -0.005 12025.1 0.040 — — 20.6 0.610 0.270 0.335 0.315 8834 IREKA 0.330 0.015 116.4 0.323 — — 61.6 1.570 0.620 1.010 0.970 4723 JAKS 0.970 -0.015 32253.3 0.991 5.27 — 631.6 1.466 0.785 1.000 0.960 7161 KERJAYA 0.985 0.020 789.6 0.969 8.67 3.55 1,223.3 1.460 0.510 0.695 0.675 5171 KIMLUN 0.680 0.010 881.9 0.682 3.90 5.44 231.1 1.110 0.720 — — 9628 LEBTECH 0.920 — — — — — 125.6 0.504 0.295 — — 5129 MELATI 0.385 — — — 18.25 2.60 46.2 0.830 0.420 — — 8192 MERCURY 0.610 — — — — — 24.5 0.815 0.330 — — 7595 MGB 0.575 — — — 21.30 — 288.5 0.422 0.150 0.240 0.215 9571 MITRA 0.240 0.025 4864.5 0.230 — 6.25 215.1 0.250 0.065 — — 5924 MTDACPI 0.150 — — — — — 34.7 0.555 0.145 0.295 0.280 5085 MUDAJYA 0.285 0.005 3416.3 0.286 — — 172.5 2.826 0.720 1.070 1.010 5703 MUHIBAH 1.020 0.020 9358.4 1.035 12.98 7.35 494.9 0.370 0.185 0.225 0.215 7071 OCR 0.215 -0.015 3274.9 0.222 7.73 — 72.6 0.900 0.650 — — 5622 PEB 0.800 — — — — — 55.3 0.255 0.130 0.190 0.185 8311 PESONA 0.190 0.010 540 0.187 11.11 5.26 132.0 0.425 0.110 0.205 0.195 5070 PRTASCO 0.200 0.005 1278.8 0.199 16.53 6.00 99.1 3.303 1.800 2.580 2.570 9598 PTARAS 2.570 UNCH 1 2.578 8.40 7.78 426.3 0.405 0.090 0.210 0.185 6807 PUNCAK 0.185 -0.015 15161 0.197 — 2.70 83.1 0.525 0.140 0.235 0.225 5205 SENDAI 0.230 0.005 1095.4 0.229 13.07 — 179.7 1.810 0.650 — — 5006 STELLA 0.650 — — — — — 43.6 2.110 1.250 1.760 1.660 5263 SUNCON 1.750 0.100 876 1.716 17.47 4.00 2,262.6 0.260 0.175 0.185 0.185 9717 SYCAL 0.185 UNCH 25 0.185 14.02 — 77.0 0.741 0.200 0.305 0.295 5054 TRC 0.295 -0.005 776 0.299 7.14 6.44 141.7 0.595 0.180 — — 5042 TSRCAP 0.250 — — — — — 43.6 1.350 0.400 — — 0301 UNIWALL 1.350 — — — 50.00 0.31 493.7 1.170 0.215 0.390 0.350 7070 VIZIONE 0.360 0.025 19182.9 0.369 4.55 — 222.7 0.601 0.145 0.235 0.225 3565 WCEHB 0.225 UNCH 809.3 0.227 — — 291.8 1.220 0.245 0.490 0.460 9679 WCT 0.460 0.005 20925.9 0.477 — — 652.3 0.700 0.225 0.385 0.355 7028 ZECON 0.370 -0.005 212.6 0.374 1.89 — 53.3 0.110 0.030 0.065 0.060 2283 ZELAN 0.060 UNCH 3278.1 0.061 18.75 — 50.7HEALTH CARE 0.970 0.280 0.540 0.525 7191 ADVENTA 0.525 0.005 1173.3 0.530 3.62 — 80.2 2.500 1.770 2.240 2.220 7090 AHEALTH 2.230 0.020 101.8 2.225 19.89 2.18 1,053.4 1.780 1.050 1.570 1.520 7148 DPHARMA 1.550 UNCH 1238.3 1.548 18.86 3.23 1,060.8 7.730 4.544 7.730 7.480 5168 HARTA 7.600 0.130 8278.1 7.643 62.24 0.97 25,713.9 5.895 4.516 5.250 5.100 5225 IHH 5.230 0.140 3548.9 5.208 98.87 0.76 45,888.0 5.540 3.517 5.540 5.310 7153 KOSSAN 5.510 0.200 2873.9 5.434 31.36 1.09 7,046.9 2.330 1.555 2.000 1.960 0002 KOTRA 2.000 UNCH 5.2 1.999 10.85 4.45 290.5 1.029 0.716 0.900 0.880 5878 KPJ 0.890 0.010 1973.2 0.891 17.76 2.25 3,953.3 2.845 0.910 1.720 1.630 7081 PHARMA 1.650 -0.040 1190.8 1.686 — 9.39 431.0 0.135 0.050 — — 0302 SMILE 0.075 — — — 22.73 1.60 75.1 1.930 1.281 1.870 1.750 7106 SUPERMX 1.840 0.100 39150.4 1.814 23.44 1.94 2,503.0 0.820 0.365 0.500 0.490 0101 TMCLIFE 0.500 UNCH 184.6 0.495 29.94 0.40 870.9 6.830 4.172 6.790 6.710 7113 TOPGLOV 6.750 0.050 7027.1 6.747 45.92 1.11 17,303.6 0.545 0.426 — — 0301 TOPVISN 0.545 — — — 82.58 — 139.3 2.799 1.450 1.850 1.830 7178 YSPSAH 1.840 0.020 46 1.843 11.13 3.80 257.0FINANCIAL SERVICES 3.875 1.480 1.920 1.880 2488 ABMB 1.880 -0.020 2065.4 1.901 6.62 7.55 2,910.4 16.602 7.700 8.820 8.780 5139 AEONCR 8.800 UNCH 844.5 8.796 8.19 4.12 2,231.9 2.240 1.250 1.510 1.490 5185 AFFIN 1.500 0.020 493.2 1.505 6.10 3.33 2,979.0 16.313 11.400 14.180 14.000 1163 ALLIANZ 14.100 0.120 52.8 14.104 6.91 3.62 2,494.1 4.344 2.820 3.050 2.990 1015 AMBANK 3.030 0.050 6306.7 3.023 5.87 6.93 9,133.0 1.020 0.615 0.675 0.620 5088 APEX 0.650 -0.030 53.4 0.650 21.81 3.08 138.8

4.581 2.790 3.290 3.250 5258 BIMB 3.270 0.040 53.9 3.270 7.31 4.89 5,862.0 6.872 4.320 5.740 5.400 1818 BURSA 5.700 0.330 2850.5 5.657 24.85 3.65 4,608.5 5.238 3.090 3.650 3.560 1023 CIMB 3.560 -0.010 21845.3 3.604 7.57 7.30 35,325.8 0.295 0.140 0.220 0.220 2143 ECM 0.220 -0.020 2 0.220 — — 105.6 1.728 1.090 1.220 1.190 5228 ELKDESA 1.190 0.010 117.2 1.199 9.58 5.88 353.6 19.882 11.700 13.700 13.480 5819 HLBANK 13.560 0.060 1000.5 13.577 10.43 3.69 29,394.3 10.100 7.327 — — 5274 HLCAP 9.380 — — — 31.19 2.35 2,315.9 18.826 9.750 12.800 12.600 1082 HLFG 12.600 UNCH 178.2 12.670 7.46 3.33 14,458.7 0.910 0.350 0.575 0.560 3379 INSAS 0.570 UNCH 634.3 0.568 3.96 6.14 395.2 0.100 0.030 — — 3441 JOHAN 0.060 — — — — — 37.4 0.567 0.325 0.425 0.415 6483 KENANGA 0.420 UNCH 105.6 0.417 11.14 7.74 303.6 2.125 0.880 1.350 1.260 2186 KUCHAI 1.350 0.020 51.9 1.322 27.78 1.04 167.1 15.536 9.900 12.180 11.940 8621 LPI 12.000 UNCH 113.3 12.004 14.83 5.83 4,780.6 1.003 0.530 0.690 0.665 1198 MAA 0.680 0.020 138 0.683 — 13.24 185.8 2.850 1.650 1.910 1.880 1058 MANULFE 1.910 0.130 4 1.893 14.79 3.66 386.5 8.384 6.654 7.680 7.550 1155 MAYBANK 7.640 0.060 7220 7.635 10.41 8.38 85,884.0 0.964 0.460 0.615 0.600 1171 MBSB 0.600 UNCH 2820.7 0.607 5.43 8.33 4,028.0 1.159 0.465 0.720 0.675 6459 MNRB 0.710 0.040 3970.7 0.696 3.56 3.52 556.0 1.190 0.490 0.730 0.715 5237 MPHBCAP 0.715 0.005 52 0.720 14.93 — 511.2 0.944 0.800 0.805 0.800 6009 P&O 0.800 UNCH 25.6 0.802 — 5.43 229.6 22.894 12.580 15.920 15.780 1295 PBBANK 15.840 UNCH 4197.2 15.856 11.16 4.61 61,493.1 1.840 1.220 1.570 1.550 9296 RCECAP 1.560 0.010 237.2 1.559 5.09 6.41 581.8 5.980 4.230 4.750 4.650 1066 RHBBANK 4.730 0.020 7307.4 4.722 7.64 5.39 18,967.5 0.652 0.328 0.510 0.500 4898 TA 0.500 -0.010 369.1 0.506 5.84 2.00 856.0 6.936 2.930 4.560 4.180 6139 TAKAFUL 4.240 -0.120 1378.6 4.392 9.60 4.72 3,505.6 0.765 0.200 0.310 0.295 5230 TUNEPRO 0.295 -0.010 2457.3 0.303 4.38 10.17 221.8PROPERTY 0.335 0.165 0.195 0.195 7131 ACME 0.195 -0.005 7 0.195 6.29 — 48.5 0.549 0.260 0.315 0.315 1007 AMPROP 0.315 0.005 7.5 0.315 9.32 9.52 230.9 0.400 0.115 — — 7007 ARK 0.170 — — — — — 10.8 0.165 0.055 0.095 0.090 4057 ASIAPAC 0.095 UNCH 549 0.091 2.28 — 98.5 6.210 3.800 — — 2305 AYER 5.500 — — — 30.93 0.91 411.7 0.395 0.190 0.270 0.265 6602 BCB 0.270 -0.010 37 0.268 2.27 — 111.4 0.435 0.190 0.270 0.270 6173 BDB 0.270 0.020 16 0.270 16.17 — 82.0 0.285 0.110 — — 9814 BERTAM 0.180 — — — — — 37.2 0.320 0.245 0.260 0.255 3239 BJASSET 0.255 0.005 2405 0.256 — — 652.3 1.580 0.800 1.020 1.020 5738 CHHB 1.020 0.020 5 1.020 — — 281.2 1.293 0.770 0.840 0.840 6718 CRESNDO 0.840 UNCH 13.9 0.840 8.40 7.14 235.6 1.500 0.920 1.000 1.000 5049 CVIEW 1.000 -0.030 12 1.000 4.02 3.00 100.0 0.520 0.150 0.260 0.250 3484 DBHD 0.260 UNCH 400.2 0.253 3.45 — 82.8 0.095 0.035 0.060 0.050 7198 DPS 0.060 0.005 790 0.055 2.86 — 35.3 0.866 0.300 0.415 0.400 3417 E&O 0.400 -0.005 2817.6 0.406 11.27 7.50 582.8 0.390 0.290 0.360 0.350 3557 ECOFIRS 0.360 0.010 55 0.356 12.20 — 291.1 0.960 0.295 0.415 0.400 8206 ECOWLD 0.410 0.010 3368.9 0.407 5.84 — 1,207.2 0.400 0.205 — — 6076 ENCORP 0.275 — — — — — 84.3 1.520 0.900 — — 8613 ENRA 1.050 — — — — 2.86 143.0 0.747 0.380 0.495 0.470 6815 EUPE 0.475 -0.020 31.9 0.481 1.59 3.16 60.8 0.735 0.185 0.290 0.275 7249 EWEIN 0.275 UNCH 1447.2 0.282 1.97 1.82 82.9 1.140 0.310 0.425 0.400 5283 EWINT 0.405 -0.015 4946.4 0.417 5.74 — 972.0 0.360 0.165 0.215 0.205 6041 FARLIM 0.210 0.010 300 0.207 — — 35.4 0.384 0.240 0.300 0.295 5020 GLOMAC 0.295 -0.010 258.2 0.297 7.09 2.71 236.0 0.350 0.170 0.255 0.235 9962 GMUTUAL 0.250 0.005 153.3 0.240 8.20 2.00 93.9 0.290 0.135 0.200 0.195 1147 GOB 0.200 UNCH 313 0.200 — — 90.9 0.776 0.370 0.570 0.550 1503 GUOCO 0.550 -0.015 137.7 0.566 — 3.64 385.3 1.300 1.180 1.210 1.200 7105 HCK 1.210 UNCH 421 1.200 73.78 — 513.1 0.635 0.345 — — 7010 HOOVER 0.450 — — — — — 18.0 0.465 0.145 0.255 0.240 5062 HUAYANG 0.240 -0.010 186.4 0.247 — — 84.5 0.374 0.095 0.160 0.150 4251 IBHD 0.155 UNCH 1361.6 0.155 6.40 11.29 173.0 0.720 0.305 0.560 0.470 5084 IBRACO 0.470 -0.090 8.2 0.544 6.82 3.72 233.3 1.900 0.900 — — 9687 IDEAL 1.140 — — — 5.44 — 530.1 4.060 2.400 2.530 2.490 5606 IGBB 2.510 0.010 140 2.507 8.22 0.40 2,230.1 1.393 0.825 0.960 0.940 5249 IOIPG 0.950 0.010 1376.2 0.952 7.79 3.16 5,230.8 0.220 0.115 0.135 0.130 5175 IVORY 0.130 -0.005 316 0.132 16.46 19.23 63.7 1.313 0.275 0.505 0.470 1589 IWCITY 0.475 -0.005 24643.6 0.487 — — 397.8 0.380 0.290 0.350 0.335 8923 JIANKUN 0.350 UNCH 4.2 0.346 13.57 — 58.4 0.090 0.045 0.070 0.060 6769 JKGLAND 0.065 UNCH 942 0.064 8.67 1.54 147.9 0.669 0.340 — — 7323 KEN 0.430 — — — 34.13 3.49 82.4 1.100 0.400 0.490 0.490 7077 KPPROP 0.490 UNCH 23.1 0.490 8.29 — 98.1 0.920 0.405 0.545 0.520 5038 KSL 0.525 0.010 1214.3 0.531 2.16 — 544.7 0.154 0.050 0.090 0.080 3174 L&G 0.085 0.005 11809.9 0.085 7.26 11.76 252.7 0.784 0.345 0.440 0.410 8494 LBICAP 0.410 0.020 3.6 0.420 5.86 12.20 41.6 0.607 0.310 0.375 0.360 5789 LBS 0.360 -0.005 2288.1 0.367 5.83 5.00 564.2 0.300 0.175 0.205 0.200 3573 LIENHOE 0.205 0.005 90 0.202 — — 74.2 1.250 0.720 — — 7617 MAGNA 0.780 — — — — — 261.2 0.921 0.305 0.435 0.415 8583 MAHSING 0.420 0.005 16378 0.425 9.35 10.71 1,019.6 0.674 0.235 0.370 0.355 6181 MALTON 0.365 UNCH 1213.7 0.366 6.56 4.11 192.8 1.923 1.217 1.700 1.690 5236 MATRIX 1.700 UNCH 145.4 1.694 5.54 7.06 1,418.2 1.697 0.890 0.905 0.890 7189 MBWORLD 0.900 0.010 254.8 0.900 2.59 9.00 141.6 0.525 0.070 0.200 0.170 5182 MCT 0.175 -0.010 100875 0.188 6.01 — 255.0 0.400 0.200 0.300 0.260 1694 MENANG 0.260 0.010 0.6 0.267 — — 125.0 0.350 0.040 0.065 0.060 5040 MERIDIAN 0.060 UNCH 2754.6 0.061 — — 35.3 0.415 0.180 0.310 0.305 8141 MJPERAK 0.305 UNCH 40 0.306 — — 86.2 1.860 0.810 1.000 0.980 6114 MKH 0.980 UNCH 265.8 0.985 6.86 4.08 574.8 0.200 0.050 0.130 0.125 8893 MKLAND 0.125 -0.005 2224.6 0.128 30.49 — 150.9 0.165 0.055 0.060 0.060 6548 MPCORP 0.060 -0.005 5 0.060 — — 17.3 1.125 0.280 0.530 0.480 1651 MRCB 0.515 0.035 38694.3 0.505 95.37 1.94 2,272.2 0.540 0.240 — — 9539 MUH 0.315 — — — — — 17.8 0.255 0.145 0.185 0.180 3913 MUIPROP 0.180 -0.005 3584.7 0.180 8.70 — 137.5 1.410 0.335 0.640 0.610 5073 NAIM 0.610 -0.005 6480.9 0.624 5.42 — 313.4 2.150 1.580 — — 5827 OIB 1.760 — — — 6.16 4.55 272.6 1.050 0.640 0.790 0.775 5053 OSK 0.775 UNCH 141 0.780 3.91 6.45 1,623.9 1.277 0.630 0.725 0.705 1724 PARAMON 0.715 0.005 1103.9 0.717 5.00 8.80 439.3 0.420 0.150 0.210 0.195 6912 PASDEC 0.210 0.015 44 0.196 — — 84.1 1.080 0.750 — — 3611 PGLOBE 0.750 — — — 65.79 — 140.0 0.015 0.005 0.010 0.005 4464 PHB 0.005 -0.005 170 0.009 — — 50.0 1.600 0.980 1.320 1.280 7055 PLB 1.320 0.020 7.9 1.305 17.37 — 148.4 1.493 0.735 1.100 1.070 5075 PLENITU 1.100 0.030 125.6 1.094 13.35 4.09 419.7 6.170 5.430 6.080 5.800 7765 RAPID 6.080 0.190 50.8 5.915 131.60 — 649.9 0.720 0.345 0.435 0.400 4596 SAPRES 0.400 -0.050 122.5 0.403 — — 55.8 0.498 0.180 0.395 0.360 5207 SBCCORP 0.380 -0.010 181 0.379 5.40 2.63 98.1 0.695 0.325 0.440 0.430 2224 SDRED 0.440 0.010 12 0.432 8.32 4.55 187.5 0.365 0.120 — — 4286 SEAL 0.210 — — — 6.27 — 51.0 2.712 1.689 1.900 1.880 6017 SHL 1.880 -0.020 6.9 1.888 10.36 7.98 455.2 1.119 0.460 0.570 0.560 5288 SIMEPROP 0.565 0.005 12275 0.566 6.42 7.08 3,842.5 0.185 0.070 0.100 0.095 4375 SMI 0.095 -0.005 91 0.098 — — 19.9 0.410 0.090 0.135 0.115 5213 SNTORIA 0.125 0.005 403.8 0.123 — — 70.9 2.288 0.550 0.760 0.745 8664 SPSETIA 0.750 0.010 11144 0.751 9.91 1.33 3,031.9 0.920 0.370 0.450 0.450 3743 SUNSURIA 0.450 0.020 16.8 0.450 2.68 — 403.2 0.465 0.250 0.385 0.375 1538 SYMLIFE 0.375 -0.010 2140.5 0.377 1.87 2.67 225.2 0.330 0.120 0.190 0.185 4022 TADMAX 0.190 0.005 212.6 0.185 5.96 — 148.9 0.275 0.180 0.240 0.235 5158 TAGB 0.235 -0.010 7875 0.240 10.83 6.81 1,250.6 0.050 0.010 0.025 0.020 2259 TALAMT 0.020 UNCH 67989 0.020 3.33 — 85.9 0.769 0.360 0.505 0.500 5191 TAMBUN 0.500 0.005 379.1 0.502 4.45 4.90 216.7 0.080 0.020 0.055 0.045 2429 TANCO 0.055 0.010 4919.6 0.052 — — 45.7 0.480 0.140 0.195 0.185 7889 THRIVEN 0.190 UNCH 1833.5 0.189 5.85 — 103.9 0.135 0.030 0.070 0.065 7079 TIGER 0.070 0.005 14974 0.069 — — 102.5 0.320 0.240 0.260 0.255 5239 TITIJYA 0.260 UNCH 650 0.260 20.97 0.58 352.3 0.940 0.720 0.800 0.795 5401 TROP 0.800 UNCH 211.8 0.798 3.46 3.38 1,176.3 1.020 0.275 0.425 0.405 5148 UEMS 0.410 0.005 9367 0.415 8.32 — 1,860.3 2.350 1.380 1.610 1.570 5200 UOADEV 1.590 0.010 919.1 1.581 7.56 8.81 3,127.8 0.150 0.035 0.065 0.065 6378 WMG 0.065 0.005 75 0.065 — — 27.7 0.995 0.650 — — 7003 Y&G 0.720 — — — 36.36 — 157.3 2.800 1.270 2.650 2.580 3158 YNHPROP 2.640 0.040 151 2.630 33.29 — 1,396.6 0.415 0.035 0.085 0.055 7066 YONGTAI 0.075 0.025 79522 0.073 — — 71.6TRANSPORTATION & LOGISTICS 8.837 3.920 5.190 4.920 5014 AIRPORT 5.190 0.270 9227 5.100 17.96 2.70 8,611.2 1.380 0.650 0.790 0.725 8133 BHIC 0.730 0.010 826.6 0.749 — 4.79 181.4 4.954 3.253 — — 5032 BIPORT 4.290 — — — 15.26 3.26 1,973.4 0.365 0.235 — — 7187 CHGP 0.300 — — — 32.26 — 89.2 0.470 0.205 0.245 0.240 7117 CJCEN 0.245 0.010 120 0.244 — 3.06 96.6 0.930 0.390 0.630 0.630 5136 COMPLET 0.630 UNCH 42 0.630 9.52 — 80.0 0.510 0.200 0.265 0.255 5259 EATECH 0.260 -0.005 477.5 0.262 3.60 — 137.9 0.660 0.380 0.445 0.445 7210 FREIGHT 0.445 0.005 9.9 0.445 9.72 7.87 124.3 0.350 0.115 0.210 0.200 0078 GDEX 0.205 0.005 6442.6 0.204 44.57 1.22 1,156.5 0.655 0.255 0.490 0.450 7676 GUNUNG 0.475 0.025 1897.9 0.476 — — 114.4 0.738 0.420 0.495 0.475 2062 HARBOUR 0.495 0.010 6.1 0.485 7.71 3.54 198.2 0.060 0.030 0.050 0.045 7013 HUBLINE 0.050 0.005 58404 0.045 27.78 — 191.0 0.480 0.220 — — 5614 ILB 0.345 — — — 3.91 — 67.3 4.765 3.300 3.890 3.800 6645 LITRAK 3.810 UNCH 328.8 3.815 7.57 6.56 2,024.4 0.110 0.040 0.055 0.055 5078 M&G 0.055 UNCH 50 0.055 — — 39.8 0.785 0.180 0.345 0.330 5077 MAYBULK 0.335 0.005 1399.1 0.338 — — 335.0 9.239 6.090 7.970 7.750 3816 MISC 7.850 0.130 3350.6 7.834 24.53 3.82 35,040.8 1.250 0.450 0.655 0.635 2194 MMCCORP 0.645 0.015 35020 0.643 7.68 6.98 1,964.1 0.340 0.040 — — 9806 NATWIDE 0.090 — — — — — 11.1 0.040 0.010 0.020 0.015 6254 PDZ 0.020 0.005 5608.8 0.020 — — 13.6 1.953 0.520 0.750 0.715 4634 POS 0.715 -0.005 10416 0.730 — 5.59 559.7 0.595 0.090 0.125 0.110 8346 PRKCORP 0.110 -0.015 49.6 0.120 0.45 — 11.0 0.740 0.125 0.290 0.280 5145 SEALINK 0.285 UNCH 1486.8 0.283 — — 142.5 1.000 0.795 — — 7053 SEEHUP 0.840 — — — — 3.75 67.6 1.420 0.820 0.905 0.880 6521 SURIA 0.880 0.005 273.9 0.893 5.83 2.84 304.3 0.330 0.115 0.165 0.160 5173 SYSCORP 0.160 UNCH 225.8 0.161 — — 192.0 0.460 0.140 0.240 0.230 5149 TAS 0.230 -0.010 418 0.234 31.51 — 41.4 1.457 0.650 0.840 0.810 5140 TASCO 0.810 -0.040 25.1 0.826 14.21 6.17 162.0 0.610 0.260 0.345 0.335 8397 TNLOGIS 0.340 UNCH 2661.1 0.338 — — 156.7 0.620 0.430 — — 7218 TOCEAN 0.490 — — — — — 20.1 4.457 2.970 3.900 3.660 5246 WPRTS 3.850 0.220 1313.5 3.823 22.22 3.38 13,128 0.802 0.243 0.370 0.350 5267 XINHWA 0.360 0.015 2237.2 0.360 22.36 — 77.8PLANTATION 0.235 0.050 0.080 0.075 7054 AASIA 0.080 0.005 71.2 0.077 — — 52.8 17.300 11.000 12.180 11.980 1899 BKAWAN 12.020 0.020 57.2 12.043 14.40 4.99 5,332.9 6.960 5.000 — — 5069 BLDPLNT 5.200 — — — — — 486.2 0.819 0.200 0.285 0.260 5254 BPLANT 0.275 0.015 36392 0.275 — 20.00 616.0 0.740 0.285 0.430 0.410 8982 CEPAT 0.410 0.010 200.9 0.412 273.33 3.66 130.6 7.068 4.800 — — 1929 CHINTEK 5.880 — — — 17.52 2.72 537.2 0.499 0.275 0.335 0.325 3948 DUTALND 0.325 -0.005 284 0.329 — — 275.0 2.827 2.000 2.220 2.220 5029 FAREAST 2.220 -0.030 33 2.220 16.44 1.35 1,318.3 1.590 0.715 0.885 0.850 5222 FGV 0.850 -0.020 4843.7 0.870 — — 3,100.9 11.140 7.990 9.700 9.560 2291 GENP 9.650 0.110 116.6 9.650 58.20 1.22 8,659.5 0.520 0.300 — — 7382 GLBHD 0.315 — — — — — 70.2

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


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THURSDAY APRIL 16, 2020 • THEED G E FINANCIAL DAILY



0.714 0.530 0.670 0.640 2135 GOPENG 0.670 -0.010 10.8 0.641 61.47 3.73 180.2 0.800 0.290 0.350 0.350 7501 HARNLEN 0.350 -0.035 5.1 0.350 — — 64.9 2.113 1.250 1.410 1.400 5138 HSPLANT 1.400 -0.020 39.6 1.401 35.62 1.79 1,120.0 2.480 1.010 1.430 1.370 2216 IJMPLNT 1.370 -0.020 33.2 1.392 45.36 1.46 1,206.4 0.626 0.437 — — 2607 INCKEN 0.540 — — — — 1.96 227.2 0.995 0.400 0.560 0.560 6262 INNO 0.560 -0.035 5 0.560 19.65 1.79 268.2 4.774 3.410 3.930 3.850 1961 IOICORP 3.910 0.060 3324.1 3.906 37.52 2.17 24,574.5 1.120 0.270 0.480 0.460 4383 JTIASA 0.465 0.005 6902.8 0.470 — — 452.8 25.017 17.400 21.300 20.800 2445 KLK 21.000 0.200 382.3 20.991 41.89 2.38 22,701.4 3.650 2.620 3.270 3.150 2453 KLUANG 3.150 -0.100 1.1 3.259 — 0.32 199.0 1.640 0.895 1.090 1.050 5027 KMLOONG 1.070 0.040 244.7 1.069 24.49 5.61 1,000.9 0.475 0.290 0.400 0.370 1996 KRETAM 0.385 0.005 31.5 0.381 — — 896.1 0.900 0.460 0.560 0.560 6572 KWANTAS 0.560 UNCH 15 0.560 — — 174.5 0.880 0.420 0.500 0.430 4936 MALPAC 0.500 0.080 42 0.447 833.3 20.00 37.5 0.770 0.270 0.395 0.380 5026 MHC 0.380 UNCH 86.9 0.385 29.46 3.95 74.7 2.000 1.680 — — 5047 NPC 1.900 — — — — — 228.0 3.650 2.230 2.460 2.460 2038 NSOP 2.460 -0.040 0.1 2.460 — 2.03 172.7 0.545 0.140 0.270 0.235 1902 PINEPAC 0.270 0.035 505.9 0.261 0.51 — 40.4 1.310 0.350 0.590 0.580 9695 PLS 0.580 -0.030 40 0.584 — — 203.4 0.465 0.115 0.210 0.195 5113 RSAWIT 0.195 -0.005 8183.6 0.201 — — 276.6 3.039 2.250 — — 2542 RVIEW 2.300 — — — 70.55 1.30 149.2 3.128 2.350 2.510 2.500 2569 SBAGAN 2.500 -0.010 5 2.507 86.21 0.80 165.8 0.420 0.205 0.250 0.250 4316 SHCHAN 0.250 0.005 21.3 0.250 10.78 — 33.0 5.630 3.820 4.960 4.870 5285 SIMEPLT 4.920 0.010 3990.9 4.917 378.46 0.20 33,872.1 4.220 1.900 2.560 2.490 5126 SOP 2.550 0.070 35.5 2.527 16.22 1.96 1,455.8 2.110 1.300 1.410 1.400 5135 SWKPLNT 1.410 UNCH 64.7 1.409 18.80 3.55 394.8 3.484 1.810 2.300 2.240 5012 TAANN 2.300 0.050 133.2 2.270 24.13 4.35 1,023.1 0.445 0.110 0.195 0.190 2054 TDM 0.190 UNCH 5141.1 0.190 — — 319.7 0.685 0.185 0.270 0.265 5112 THPLANT 0.270 0.005 2134.2 0.270 — — 238.6 1.590 0.560 0.655 0.630 9059 TSH 0.635 -0.005 3803.8 0.643 19.91 1.57 877.4 5.429 4.000 4.300 4.300 2593 UMCCA 4.300 UNCH 2 4.300 13.61 1.86 902.0 27.000 23.000 25.100 24.960 2089 UTDPLT 25.020 0.020 39.4 25.041 18.34 1.60 5,207.5TELECOMMUNICATIONS & MEDIA 0.150 0.030 0.045 0.045 0159 AMEDIA 0.045 UNCH 13.2 0.045 — — 10.8 0.680 0.470 — — 7031 AMTEL 0.515 — — — 5.78 — 27.9 1.538 0.693 0.845 0.810 6399 ASTRO 0.830 0.005 7424.8 0.836 6.59 9.04 4,328.0 5.219 3.010 3.740 3.610 6888 AXIATA 3.720 0.110 8042.9 3.704 24.97 2.42 34,090.6 0.270 0.075 — — 6025 BJMEDIA 0.105 — — — — — 24.7 4.936 3.820 4.520 4.450 6947 DIGI 4.510 0.060 2649.6 4.502 24.47 4.04 35,065.3 0.310 0.075 0.120 0.100 0059 ECOHLDS 0.120 0.010 220.1 0.103 14.63 — 37.6 0.935 0.305 0.590 0.545 0082 GPACKET 0.555 0.010 2686.9 0.570 — — 519.5 5.645 4.590 5.320 5.240 6012 MAXIS 5.300 0.060 2718.6 5.293 27.26 3.77 41,448.6 0.520 0.110 0.140 0.125 4502 MEDIA 0.125 -0.010 12160.3 0.131 — — 138.6 0.255 0.120 0.190 0.185 5090 MEDIAC 0.190 UNCH 1222 0.189 — 5.74 320.6 0.665 0.345 0.445 0.435 0172 OCK 0.440 0.005 1251.4 0.440 14.06 — 421.8 0.347 0.222 — — 7190 PPG 0.265 — — — — 3.77 26.5 0.245 0.085 0.125 0.115 5252 SASBADI 0.120 0.005 3890.8 0.120 17.14 — 50.3 0.590 0.450 — — 9431 SJC 0.590 — — — — — 23.9 0.678 0.209 0.285 0.265 6084 STAR 0.270 UNCH 16509.5 0.273 35.06 7.41 199.4 10.220 8.300 10.220 9.300 5031 TIMECOM 9.770 0.520 1123.8 9.767 18.18 1.02 5,828.1 4.532 2.518 3.960 3.810 4863 TM 3.940 0.140 6950 3.920 23.45 2.54 14,837.2TECHNOLOGY 0.680 0.470 — — 7031 AMTEL 0.515 — — — 5.78 — 27.9 0.605 0.095 0.255 0.225 7181 ARBB 0.230 -0.020 9107.8 0.239 1.35 — 67.6 0.160 0.035 0.095 0.080 5195 CENSOF 0.085 0.005 6480.2 0.090 — — 42.6 0.245 0.045 0.110 0.100 0051 CUSCAPI 0.100 -0.005 1048 0.105 — — 85.9 0.925 0.430 0.625 0.600 7204 D&O 0.605 UNCH 2385.9 0.612 20.37 1.65 681.4 0.280 0.060 0.130 0.120 8338 DATAPRP 0.125 0.005 2792.9 0.126 — — 57.9 0.060 0.015 0.040 0.030 0029 DIGISTA 0.035 0.010 11503.2 0.034 — — 27.6 0.310 0.070 0.135 0.130 4456 DNEX 0.130 UNCH 8301.9 0.132 7.60 3.85 228.6 1.673 0.418 1.010 0.950 5216 DSONIC 0.955 -0.015 42722.6 0.982 21.61 3.14 1,289.3 0.605 0.115 0.280 0.255 5036 EDARAN 0.270 0.015 141.5 0.271 — — 16.2 0.732 0.230 0.345 0.330 0065 EFORCE 0.335 0.005 3457.6 0.339 25.77 4.12 206.2 1.061 0.380 0.560 0.515 0090 ELSOFT 0.530 0.020 4837.5 0.537 20.00 5.66 354.8 2.647 0.985 2.140 2.030 0128 FRONTKN 2.070 0.040 11964 2.097 31.32 1.21 2,180.6 0.100 0.030 — — 9377 FSBM 0.070 — — — — — 9.9 1.780 1.040 1.730 1.690 0021 GHLSYS 1.720 UNCH 3275.5 1.711 44.44 — 1,288.6 0.935 0.305 0.590 0.545 0082 GPACKET 0.555 0.010 2686.9 0.570 — — 519.5 0.300 0.165 0.255 0.245 0056 GRANFLO 0.255 UNCH 429 0.251 42.50 1.96 126.9 2.439 1.290 1.980 1.820 7022 GTRONIC 1.850 0.070 2617.9 1.901 27.69 1.62 1,238.5 1.440 0.450 0.745 0.710 5028 HTPADU 0.720 -0.005 1334.2 0.730 10.26 — 72.9 2.049 0.900 1.440 1.390 0166 INARI 1.420 0.050 10787.5 1.420 28.01 3.10 4,599.8 0.300 0.146 0.190 0.185 0192 INTA 0.190 UNCH 378.5 0.189 4.52 5.26 101.7 0.130 0.030 — — 9393 ITRONIC 0.050 — — — — — 6.7 0.365 0.130 0.235 0.215 5161 JCY 0.220 -0.005 6100 0.228 — 2.27 459.1 12.000 5.000 8.190 7.800 9334 KESM 8.070 -0.120 70.5 8.076 36.47 1.12 347.1 0.150 0.020 0.060 0.055 0143 KEYASIC 0.060 0.005 2533.8 0.055 — — 57.0 0.405 0.310 — — 0302 MCOM 0.405 — — — 126.56 — 76.4 3.077 0.949 2.160 2.050 5286 MI 2.070 0.020 7096.8 2.115 26.17 2.42 1,552.5 0.911 0.325 0.545 0.515 0113 MMSV 0.520 UNCH 756.6 0.529 13.65 3.85 106.0 12.960 7.390 10.380 10.300 3867 MPI 10.340 0.140 16.9 10.328 15.27 3.09 2,170.2 1.600 0.550 0.900 0.900 5011 MSNIAGA 0.900 0.045 1 0.900 — — 54.4 1.725 0.765 1.080 1.030 0138 MYEG 1.040 0.030 66432.4 1.055 14.65 1.83 3,750.6 0.243 0.040 0.085 0.075 0041 MYSCM 0.075 -0.005 1575.8 0.076 — — 23.9 1.380 0.410 0.840 0.800 0083 NOTION 0.815 0.020 26309.3 0.823 11.43 1.23 274.4 0.715 0.320 0.560 0.540 9008 OMESTI 0.545 UNCH 6194.1 0.550 10.26 — 289.3 5.580 2.370 4.030 3.760 7160 PENTA 3.760 -0.110 4378.2 3.898 21.51 — 1,785.5 0.605 0.100 0.305 0.275 5204 PRESBHD 0.275 -0.025 15280.3 0.290 — — 133.1 0.580 0.160 0.265 0.250 9075 THETA 0.250 -0.015 65.2 0.254 147.06 — 26.8 0.025 0.005 0.010 0.005 0118 TRIVE 0.005 UNCH 4012.7 0.006 — — 13.7 0.165 0.060 — — 4359 TURIYA 0.070 — — — — — 16.0 2.872 1.513 1.880 1.800 5005 UNISEM 1.840 0.050 507.3 1.847 — 4.89 1,350.2 3.390 0.726 2.030 1.930 5292 UWC 1.940 UNCH 13132.7 1.985 30.89 1.03 1,067.4 9.570 6.090 8.050 7.920 0097 VITROX 8.020 0.100 181.8 8.008 47.40 0.69 3,777.7 1.670 0.700 1.030 0.990 5162 VSTECS 1.010 0.015 189 1.005 6.12 5.45 181.8 0.645 0.300 0.430 0.415 0008 WILLOW 0.415 -0.005 226.8 0.424 13.56 2.41 205.8UTILITIES 0.375 0.090 0.185 0.175 7471 EDEN 0.180 0.005 11409.5 0.179 12.50 — 72.6 2.855 2.300 2.760 2.710 5209 GASMSIA 2.760 0.060 8.5 2.746 18.65 5.11 3,543.8 0.915 0.645 0.890 0.875 5264 MALAKOF 0.880 0.005 1954.8 0.884 1.80 7.44 4,400.0 5.600 3.100 4.820 4.700 3069 MFCB 4.790 0.050 673.8 4.784 12.50 0.84 2,219.0 1.150 0.725 0.855 0.840 5041 PBA 0.840 UNCH 28 0.849 11.05 3.13 278.3 17.652 13.360 15.880 15.380 6033 PETGAS 15.440 0.060 436 15.506 15.79 4.66 30,551.6 1.400 0.820 1.060 1.040 5272 RANHILL 1.060 0.010 225.5 1.053 13.93 4.72 1,137.3 0.298 0.100 0.135 0.130 8567 SALCON 0.135 -0.005 1135.9 0.135 — — 114.4 0.955 0.635 0.805 0.770 8524 TALIWRK 0.800 0.030 1022.4 0.792 21.11 6.56 1,612.7 13.210 10.190 12.500 12.060 5347 TENAGA 12.240 0.100 4752.3 12.275 15.37 4.08 69,607.5 1.197 0.600 0.780 0.765 4677 YTL 0.770 0.005 2344.3 0.771 78.57 5.19 8,487.5 0.849 0.480 0.685 0.655 6742 YTLPOWR 0.665 0.010 5651.3 0.672 12.22 7.52 5,425.2CLOSED-END FUNDS 2.470 1.850 2.070 2.030 5108 ICAP 2.070 0.040 13.7 2.040 76.67 — 289.8EXCHANGE TRADED FUNDS 1.340 1.177 — — 0800EA ABFMY1 1.210 — — — — 1.31 1,564.4 6.460 5.160 6.000 5.990 0829EA CHINAETF-MYR 5.990 -0.010 0.5 5.998 — — 9.1 1.345 1.335 — — 0829EB CHINAETF-USD 1.335 — — — — — 0.9 4.070 3.020 3.060 3.060 0831EA FANG-1XI 3.060 UNCH 52 3.060 — — 1.3 6.470 2.660 4.170 4.170 0830EA FANG-2XL 4.170 UNCH 40 4.170 — — 1.0 1.790 1.350 — — 0820EA FBMKLCI-EA 1.480 — — — — 2.23 2.5 2.370 1.840 — — 0833EA HSCEI-1XI 2.090 — — — — — 1.4 2.260 1.250 — — 0832EA HSCEI-2XL 1.500 — — — — — 0.5 2.670 2.005 2.235 2.235 0835EA KLCI1XI 2.235 -0.025 5 2.235 — — 2.2 2.000 1.260 — — 0834EA KLCI2XL 1.360 — — — — — 1.4 1.045 0.940 — — 0826EA METFAPA 0.945 — — — — — 17.0 1.000 0.400 0.400 0.400 0825EA METFSID 0.400 UNCH 16 0.400 — 5.43 24.8 1.410 1.040 1.095 1.090 0827EA METFUS50 1.090 0.050 70.2 1.090 — — 9.6 1.150 0.820 0.950 0.950 0821EA MYETFDJ 0.950 0.045 1.9 0.950 — 1.91 246.9 1.180 0.850 0.930 0.930 0824EA MYETFID 0.930 0.030 22 0.930 — 3.18 28.3 1.950 1.310 1.390 1.390 0822EA PAM-A40M 1.390 UNCH 10 1.390 — 4.93 3.8 1.690 1.300 1.445 1.445 0823EA PAM-C50 1.445 UNCH 2 1.445 — — 10.3REAL ESTATE INVESTMENT TRUSTS 0.789 0.580 0.700 0.700 4952 AHP 0.700 -0.045 1 0.700 12.05 8.21 154.0 1.592 1.164 1.410 1.400 5116 ALAQAR 1.400 UNCH 18.2 1.403 13.53 4.89 1,030.4 0.873 0.585 0.710 0.700 5269 ALSREIT 0.700 -0.010 158.9 0.702 11.24 6.31 406.0 0.505 0.320 0.415 0.410 5120 AMFIRST 0.415 0.005 369.3 0.413 14.02 9.45 284.9 0.797 0.500 0.650 0.625 5127 ARREIT 0.635 0.010 129.2 0.641 27.49 9.76 364.0 1.171 0.805 0.965 0.950 5130 ATRIUM 0.950 0.025 129.6 0.954 29.14 6.89 194.4 2.010 1.597 1.950 1.870 5106 AXREIT 1.870 0.010 1911.7 1.903 14.51 3.95 2,697.2 1.071 0.735 0.870 0.860 5180 CMMT 0.865 -0.005 24 0.868 24.37 7.23 1,777.9 1.070 0.550 0.670 0.655 5121 HEKTAR 0.655 -0.015 351.3 0.659 26.41 11.86 302.6 2.035 1.430 1.680 1.600 5227 IGBREIT 1.640 0.040 3032.1 1.642 18.41 5.57 5,825.0 0.915 0.600 0.775 0.765 5280 KIPREIT 0.770 UNCH 152.4 0.769 8.33 7.97 389.1 8.290 7.380 7.970 7.780 5235SS KLCC 7.810 0.020 996.7 7.818 17.84 4.87 14,099.7 1.042 0.500 0.735 0.710 5123 MQREIT 0.735 0.040 133.2 0.728 26.92 9.25 787.8 1.845 1.350 1.630 1.560 5212 PAVREIT 1.580 UNCH 1061.1 1.589 18.29 5.38 4,808.5 1.918 1.500 1.590 1.540 5176 SUNREIT 1.570 0.030 6766.6 1.562 11.68 6.25 4,623.8 0.883 0.490 0.680 0.660 5111 TWRREIT 0.675 -0.015 82.8 0.673 15.31 7.67 189.3 1.322 1.050 1.220 1.200 5110 UOAREIT 1.200 UNCH 177.8 1.211 24.10 7.59 507.4 1.359 0.700 0.990 0.940 5109 YTLREIT 0.970 0.030 868.2 0.977 14.20 0.40 1,653.3SPAC 0.505 0.505 — — 5270 RSENA 0.505 — — — — — 505.0ENERGY 0.200 0.030 0.075 0.065 5115 ALAM 0.070 -0.005 15604.3 0.070 — — 79.2 0.555 0.110 0.185 0.170 5210 ARMADA 0.175 UNCH 85879 0.179 17.50 — 1,028.4 0.110 0.010 0.020 0.015 7251 BARAKAH 0.015 -0.005 837.1 0.017 — — 12.5 1.441 0.325 0.700 0.665 5257 CARIMIN 0.670 -0.010 9765.5 0.680 5.08 6.27 156.7 1.510 0.530 0.685 0.660 5071 COASTAL 0.675 UNCH 168.2 0.676 37.29 — 361.4 0.015 0.005 0.005 0.005 0091 DAYA 0.005 UNCH 982 0.005 — — 10.2 3.010 0.710 1.280 1.230 5141 DAYANG 1.270 0.010 19217.8 1.260 5.39 — 1,347.8 1.058 0.340 0.550 0.535 5132 DELEUM 0.535 -0.010 851.3 0.541 6.48 8.22 214.8 3.539 2.700 3.300 3.150 7277 DIALOG 3.230 0.060 6863.6 3.236 29.99 1.18 18,222.5 0.510 0.135 0.250 0.230 7253 HANDAL 0.240 -0.005 331.2 0.238 — — 52.5 6.200 2.200 3.050 2.950 4324 HENGYUAN 2.970 -0.010 791.1 3.004 25.89 — 891.0 1.220 0.245 0.495 0.475 5199 HIBISCS 0.475 -0.020 107450 0.483 5.12 — 754.4 0.260 0.035 0.075 0.065 2739 HUAAN 0.065 -0.005 5183.2 0.069 — — 73.0 0.950 0.035 0.065 0.060 5255 ICON 0.065 UNCH 19986.7 0.061 — — 171.7 0.475 0.085 0.165 0.155 7164 KNM 0.160 -0.005 30493.9 0.160 8.21 — 423.2 0.970 0.255 0.425 0.415 5186 MHB 0.415 -0.005 893.9 0.418 — — 664.0 1.833 0.385 0.775 0.750 5133 PENERGY 0.755 0.005 1261 0.761 3.88 5.30 242.9 0.555 0.100 0.175 0.165 7108 PERDANA 0.165 -0.005 14895.3 0.168 — — 364.1

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

6.698 2.490 3.800 3.660 3042 PETRONM 3.790 0.110 389 3.750 5.79 5.28 1,023.3 0.320 0.025 0.070 0.060 5256 REACH 0.060 -0.005 12701.7 0.064 — — 65.8 0.339 0.060 0.105 0.100 5218 SAPNRG 0.100 -0.005 138110 0.101 — — 1,597.9 0.120 0.010 0.020 0.015 7158 SCOMI 0.015 UNCH 529 0.020 — — 16.4 0.675 0.035 0.060 0.050 7045 SCOMIES 0.050 UNCH 1253 0.054 — — 23.4 2.492 1.020 1.770 1.510 5279 SERBADK 1.680 0.140 29756.5 1.705 11.23 2.91 5,180.9 0.045 0.005 — — 1201 SUMATEC 0.005 — — — — — 21.3 0.530 0.210 0.320 0.315 7228 T7GLOBAL 0.320 UNCH 338.8 0.320 21.92 1.56 170.2 0.145 0.040 0.075 0.065 7206 THHEAVY 0.065 -0.005 1553.5 0.069 5.91 — 72.9 1.140 0.310 0.605 0.575 7250 UZMA 0.580 -0.015 14442.9 0.587 6.39 — 185.6 0.410 0.090 0.165 0.155 5243 VELESTO 0.155 -0.005 49801 0.159 37.80 — 1,273.4 1.450 0.460 0.670 0.635 5142 WASEONG 0.645 -0.015 2482 0.653 20.74 — 499.8 7.420 4.240 5.440 4.990 7293 YINSON 5.280 0.280 4361.8 5.315 27.66 1.14 5,785.1

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


CONSUMER PRODUCTS & SERVICES 0.730 0.225 0.440 0.415 0098 BAHVEST 0.415 -0.015 5980.2 0.426 56.08 — 508.4 0.225 0.065 0.120 0.100 0179 BIOHLDG 0.105 -0.010 37128 0.111 10.00 1.05 90.3 0.210 0.085 0.130 0.120 0205 DPIH 0.120 Unch 921.5 0.122 5.22 3.75 58.4 0.790 0.095 0.585 0.550 0116 FOCUS 0.575 0.020 6887.7 0.569 — — 1,175.5 0.770 0.250 0.410 0.390 0157 FOCUSP 0.395 -0.005 595.3 0.402 7.84 4.43 86.9 0.150 0.075 0.095 0.090 0074 GOCEAN 0.095 Unch 382.2 0.090 — — 27.5 0.125 0.035 0.080 0.075 0170 KANGER 0.080 0.005 1120.5 0.076 8.42 — 98.8 0.408 0.115 0.205 0.170 0210 KHJB 0.185 0.015 5788.6 0.190 6.93 8.11 70.3 0.220 0.110 0.190 0.170 0180 KTC 0.170 Unch 5503.5 0.177 8.21 — 86.7 0.275 0.085 0.275 0.255 0182 LKL 0.255 -0.005 15625.2 0.265 — — 109.3 0.220 0.030 0.065 0.065 0140 MACPIE 0.065 -0.005 60 0.065 — — 23.0 0.645 0.340 0.580 0.525 0201 NOVA 0.530 -0.015 2463.6 0.551 13.80 2.17 168.4 0.150 0.090 — — 0153 OVERSEA 0.135 — — — — — 33.3 0.175 0.025 0.060 0.050 0022 PARLO 0.055 0.005 1523.6 0.054 — — 20.0 0.250 0.120 0.165 0.155 0171 PLABS 0.155 -0.005 392.6 0.160 7.79 — 33.3 0.509 0.300 0.420 0.400 0158 SCC 0.420 0.005 22 0.413 11.17 8.10 59.3 0.270 0.095 0.130 0.125 0212 SDS 0.130 0.005 306.4 0.125 — — 52.8 0.275 0.115 0.175 0.155 0216 SPRING 0.160 -0.010 1312.9 0.162 3.68 — 66.5 0.200 0.030 0.080 0.075 0148 SUNZEN 0.075 Unch 106.9 0.076 — — 40.1 0.370 0.100 0.175 0.160 0197 WEGMANS 0.160 0.005 1312.1 0.166 10.06 3.13 80.0 0.270 0.120 0.185 0.180 0095 XINGHE 0.185 Unch 21710.5 0.185 — — 113.2INDUSTRIAL PRODUCTS & SERVICES 0.270 0.135 0.250 0.240 0218 ACO 0.240 -0.005 3575.1 0.244 0.09 — 72.0 0.295 0.170 — — 0122 AIM 0.225 — — — — — 59.9 0.085 0.030 0.050 0.045 0105 ASIAPLY 0.045 0.005 2692.7 0.045 — — 20.6 0.095 0.015 0.040 0.035 0072 AT 0.035 Unch 9467.2 0.035 — — 52.4 0.200 0.060 0.135 0.115 0187 BCMALL 0.130 0.015 26836.4 0.127 10.66 1.54 54.8 0.425 0.130 0.330 0.305 0163 CAREPLS 0.315 Unch 55029.9 0.319 — — 167.4 0.130 0.045 0.070 0.065 0102 CONNECT 0.070 0.005 246 0.067 — — 23.1 0.245 0.100 0.150 0.150 0190 ESAFE 0.150 Unch 10.3 0.150 22.73 12.00 36.1 0.390 0.127 0.280 0.245 0100 ESCERAM 0.260 0.015 5241 0.260 22.61 2.31 53.4 0.543 0.060 0.140 0.125 0039 GFM 0.130 -0.005 938.6 0.133 10.24 8.46 61.4 1.950 0.130 0.190 0.175 0175 HHGROUP 0.185 0.005 169.6 0.186 — — 6.3 0.155 0.040 0.090 0.075 0160 HHHCORP 0.075 -0.005 2895 0.078 13.16 — 25.0 0.305 0.100 0.200 0.185 0188 HLT 0.190 -0.005 1722.2 0.191 20.88 — 97.3 0.055 0.025 0.040 0.035 0024 JAG 0.035 -0.005 1045.6 0.036 — — 63.7 1.043 0.078 0.895 0.815 0193 KAB 0.860 0.050 4426.8 0.852 71.07 0.58 796.0 0.385 0.055 0.140 0.135 0167 MCLEAN 0.135 Unch 504 0.135 — — 26.6 0.180 0.035 0.070 0.060 0081 MEGASUN 0.065 0.005 27.5 0.064 — — 16.3 0.210 0.050 0.090 0.080 0207 MESTRON 0.085 Unch 760.6 0.085 14.66 — 67.2 0.688 0.200 0.355 0.320 0213 MTAG 0.330 0.010 23070.8 0.337 6.15 — 224.9 0.070 0.010 0.025 0.020 0177 PASUKGB 0.025 0.005 315 0.023 — — 20.4 0.220 0.050 — — 0038 PTB 0.125 — — — — — 32.8 0.435 0.155 0.250 0.235 0217 PWRWELL 0.240 Unch 6411.4 0.242 12.50 — 139.3 0.265 0.080 0.130 0.120 0196 QES 0.125 0.005 5752.6 0.125 28.41 — 94.8 0.075 0.035 0.050 0.045 0133 SANICHI 0.045 Unch 81347.5 0.045 — — 49.9 0.140 0.035 0.070 0.065 0161 SCH 0.065 Unch 1256.9 0.065 6.19 — 36.1 0.982 0.315 0.730 0.695 0001 SCOMNET 0.700 -0.015 2903.3 0.711 23.89 1.43 450.1 0.275 0.065 0.120 0.110 0028 SCOPE 0.110 -0.005 920.3 0.113 — — 72.8 0.155 0.050 0.075 0.075 0055 SERSOL 0.075 Unch 20 0.075 — — 16.2 1.410 0.510 0.935 0.855 0215 SLVEST 0.855 -0.025 33496 0.909 22.50 — 334.0 0.580 0.095 0.165 0.155 0211 TASHIN 0.155 -0.005 111 0.160 36.90 — 54.1 0.575 0.190 0.310 0.295 0084 TECFAST 0.300 Unch 833.4 0.305 19.48 3.33 68.4 0.502 0.140 0.260 0.245 0089 TEXCYCL 0.245 -0.005 80 0.255 12.37 2.45 62.8 0.610 0.215 0.330 0.320 0162 WIDAD 0.330 0.010 11498 0.324 67.35 — 810.0 0.195 0.075 0.105 0.100 0025 YBS 0.105 Unch 100.2 0.100 70.00 — 25.4TECHNOLOGY 0.325 0.075 0.190 0.175 0181 AEMULUS 0.175 -0.015 3691.6 0.180 — 1.14 96.2 0.265 0.075 0.145 0.140 0119 APPASIA 0.140 Unch 313.7 0.141 — — 48.3 0.270 0.060 0.080 0.065 0068 ASDION 0.080 0.005 60.4 0.073 — — 10.2 0.600 0.195 0.345 0.325 0195 BINACOM 0.330 -0.005 3670.3 0.337 26.83 — 87.2 0.299 0.110 0.140 0.140 0191 CABNET 0.140 Unch 54 0.140 10.45 5.71 25.0 0.195 0.015 0.025 0.020 0152 DGB 0.020 -0.005 78093 0.025 — — 15.7 0.110 0.045 0.065 0.060 0131 DGSB 0.065 Unch 954 0.062 12.26 — 48.5 0.020 0.005 0.015 0.010 0154 EAH 0.015 0.005 663 0.012 — — 76.1 0.069 0.010 0.020 0.015 0107 EDUSPEC 0.015 -0.005 2430 0.019 — — 25.5 1.720 1.030 1.160 1.160 0104 GENETEC 1.160 Unch 2 1.160 12.61 4.31 49.1 0.100 0.030 0.035 0.030 0045 GNB 0.035 Unch 250 0.031 — — 10.1 3.880 0.635 2.710 2.520 0208 GREATEC 2.580 0.080 4955.6 2.624 28.26 — 1,615.1 0.035 0.015 0.015 0.015 0174 IDMENSN 0.015 -0.005 8.5 0.015 — — 4.1 0.570 0.165 0.275 0.255 0023 IFCAMSC 0.265 0.005 10220 0.267 23.87 3.77 161.2 0.080 0.015 0.030 0.030 0094 INIX 0.030 -0.005 640.6 0.030 — — 8.9 0.195 0.060 0.100 0.095 0010 IRIS 0.095 Unch 6643.9 0.096 8.64 — 281.8 0.275 0.095 0.160 0.145 0209 ISTONE 0.150 Unch 5399.7 0.152 18.07 — 183.2 1.950 0.695 1.470 1.410 0146 JFTECH 1.410 -0.010 160.2 1.439 124.78 0.35 296.1 1.768 0.500 0.865 0.810 0127 JHM 0.815 -0.015 6874 0.837 14.93 2.45 454.4 0.285 0.090 0.210 0.170 0111 K1 0.175 -0.030 27068 0.190 20.35 — 127.6 0.050 0.010 0.025 0.025 0036 KGROUP 0.025 Unch 27.5 0.025 — — 15.9 0.960 0.315 0.525 0.490 0176 KRONO 0.500 0.015 36978 0.505 12.02 4.00 261.2 0.140 0.005 0.025 0.020 0018 LAMBO 0.020 Unch 84843 0.023 4.17 — 42.0 0.405 0.120 0.260 0.240 0075 LYC 0.250 -0.010 1018 0.251 — — 88.8 0.055 0.020 0.050 0.045 0017 M3TECH 0.045 Unch 1977.6 0.045 — — 29.0 0.285 0.104 0.190 0.185 0155 MGRC 0.190 0.010 117 0.185 0.90 — 19.7 0.980 0.305 0.740 0.695 0126 MICROLN 0.730 0.005 138 0.716 13.96 — 134.4 0.265 0.130 0.150 0.150 0112 MIKROMB 0.150 -0.005 33 0.150 14.85 5.33 88.4 0.075 0.010 0.025 0.020 0085 MLAB 0.025 Unch 6901.4 0.020 — — 20.0 0.400 0.120 0.220 0.220 0034 MMAG 0.220 Unch 1.7 0.220 — — 158.0 0.125 0.010 0.020 0.015 0103 MNC 0.020 Unch 1846 0.019 — — 22.8 0.135 0.040 0.070 0.065 0156 MPAY 0.065 0.005 943.9 0.065 — — 46.2 0.050 0.010 0.025 0.020 0070 MQTECH 0.020 Unch 18426.7 0.020 — — 13.7 0.205 0.050 0.105 0.080 0092 MTOUCHE 0.085 0.015 190524 0.092 — — 43.2 0.847 0.337 0.530 0.510 0108 N2N 0.515 -0.005 274.9 0.525 18.07 3.88 307.9 0.025 0.005 0.015 0.010 0020 NETX 0.015 Unch 3083 0.015 — — 61.5 0.020 0.005 0.015 0.010 0096 NEXGRAM 0.015 0.005 22563.8 0.012 — — 31.1 0.106 0.015 0.055 0.040 0026 NOVAMSC 0.050 0.005 16653.6 0.047 — — 37.6 0.840 0.195 0.365 0.350 0035 OPCOM 0.355 Unch 1756.7 0.356 — — 57.2 0.448 0.256 0.355 0.345 0040 OPENSYS 0.345 -0.005 1349 0.349 9.25 5.80 102.8 0.205 0.030 0.050 0.045 0079 ORION 0.050 Unch 7807.3 0.050 — — 36.5 0.390 0.180 0.250 0.210 0006 PINEAPP 0.250 -0.010 8.6 0.215 — — 12.1 0.085 0.020 0.035 0.030 0123 PRIVA 0.030 Unch 710 0.035 — — 16.7 1.530 0.670 1.140 1.090 0200 REVENUE 1.100 -0.010 2568.5 1.120 40.00 — 428.4 0.715 0.355 0.500 0.485 0106 REXIT 0.485 Unch 112.7 0.493 9.68 6.19 91.8 0.390 0.180 0.275 0.260 0202 RGTECH 0.265 0.005 8015.2 0.268 25.00 — 139.2 0.275 0.080 0.165 0.145 0178 SEDANIA 0.155 0.005 7025.3 0.156 15.05 — 38.9 0.267 0.035 0.090 0.080 0203 SMETRIC 0.080 -0.010 741.3 0.085 19.05 — 39.0 0.125 0.015 0.055 0.045 0117 SMRT 0.050 0.005 3055.2 0.050 — — 20.4 0.280 0.040 0.070 0.065 0169 SMTRACK 0.070 -0.005 740.5 0.070 — — 12.4 0.130 0.045 0.080 0.070 0093 SOLUTN 0.075 Unch 900.7 0.075 — — 23.0 0.450 0.195 0.380 0.365 0129 SRIDGE 0.380 0.005 3558.6 0.373 — — 56.2 0.240 0.060 0.115 0.105 0050 SYSTECH 0.105 -0.005 265 0.108 — 1.90 36.5 0.090 0.020 — — 0132 TDEX 0.040 — — — — — 27.2 0.140 0.040 0.070 0.070 0145 TFP 0.070 -0.005 60 0.070 — — 14.6 0.260 0.035 0.095 0.085 0005 UCREST 0.085 -0.010 3808.5 0.091 — — 39.4 0.330 0.020 0.095 0.080 0060 VC 0.085 -0.005 95972.5 0.088 — — 62.7 0.775 0.210 0.405 0.385 0120 VIS 0.390 0.005 6511.2 0.394 17.33 2.56 66.6 0.025 0.015 0.020 0.015 0069 VIVOCOM 0.020 Unch 1257.1 0.018 100.00 — 113.3 0.245 0.015 0.040 0.035 0066 VSOLAR 0.035 Unch 2500.1 0.037 — — 14.4 0.045 0.035 — — 0141 WINTONI 0.035 — — — — — 18.0 0.200 0.090 0.100 0.095 0086 YGL 0.095 Unch 83.1 0.100 — — 24.3TELECOMMUNICATIONS & MEDIA 0.600 0.195 0.345 0.325 0195 BINACOM 0.330 -0.005 3670.3 0.337 26.83 — 87.2 0.510 0.290 — — 0147 INNITY 0.320 — — — 35.16 — 44.5 0.055 0.020 0.050 0.045 0017 M3TECH 0.045 Unch 1977.6 0.045 — — 29.0 0.125 0.010 0.020 0.015 0103 MNC 0.020 Unch 1846 0.019 — — 22.8 0.205 0.050 0.105 0.080 0092 MTOUCHE 0.085 0.015 190524 0.092 — — 43.2 0.020 0.005 0.015 0.010 0096 NEXGRAM 0.015 0.005 22563.8 0.012 — — 31.1 0.840 0.195 0.365 0.350 0035 OPCOM 0.355 Unch 1756.7 0.356 — — 57.2 0.085 0.020 0.035 0.030 0123 PRIVA 0.030 Unch 710 0.035 — — 16.7 0.115 0.060 0.115 0.105 0007 PUC 0.110 Unch 1258.6 0.110 — — 52.2 0.610 0.200 0.330 0.310 0032 REDTONE 0.310 -0.010 3080.3 0.321 8.66 — 242.6 0.255 0.040 0.065 0.065 0173 REV 0.065 Unch 100 0.065 — — 8.8 0.275 0.080 0.165 0.145 0178 SEDANIA 0.155 0.005 7025.3 0.156 15.05 — 38.9 0.450 0.195 0.380 0.365 0129 SRIDGE 0.380 0.005 3558.6 0.373 — — 56.2 0.065 0.010 0.030 0.020 0165 XOX 0.025 Unch 61826 0.025 — — 27.3FINANCIAL SERVICES 0.095 0.020 0.055 0.040 0150 FINTEC 0.045 -0.005 63753.6 0.049 0.17 — 36.9 0.580 0.300 0.350 0.350 0053 OSKVI 0.350 Unch 5.9 0.350 11.25 — 69.2HEALTH CARE 0.425 0.130 0.330 0.305 0163 CAREPLS 0.315 Unch 55029.9 0.319 — — 167.4 0.275 0.085 0.275 0.255 0182 LKL 0.255 -0.005 15625.2 0.265 — — 109.3 0.285 0.104 0.190 0.185 0155 MGRC 0.190 0.010 117 0.185 0.90 — 19.7 0.645 0.340 0.580 0.525 0201 NOVA 0.530 -0.015 2463.6 0.551 13.80 2.17 168.4TRANSPORTATION & LOGISTICS 0.090 0.030 0.040 0.040 0048 ANCOMLB 0.040 Unch 5.1 0.040 — — 18.9 0.260 0.130 0.165 0.155 0080 STRAITS 0.160 Unch 3007.7 0.161 14.68 — 104.1 0.409 0.170 0.275 0.235 0199 TRIMODE 0.275 0.040 185.7 0.267 18.21 2.73 45.7CONSTRUCTION 0.783 0.248 0.575 0.545 0198 GDB 0.550 Unch 5878.8 0.563 11.78 3.64 343.8 0.304 0.185 0.230 0.225 0206 NADIBHD 0.225 -0.005 116 0.226 6.68 4.44 169.4 0.050 0.015 0.025 0.020 0109 SCBUILD 0.020 Unch 1614.9 0.021 8.33 — 17.7PLANTATION 0.100 0.050 0.065 0.060 0189 MATANG 0.060 Unch 4324 0.060 100.00 2.50 108.6UTILITIES 0.280 0.150 0.230 0.215 0011 BTECH 0.215 Unch 2354.1 0.221 9.27 7.44 54.2

MarketsB U R S A M A L A Y S I A E Q U I T Y D E R I V A T I V E S

THURSDAY APRIL 16, 2020 • THEEDGE FINANCIAL DAILY 2 2

Bursa Malaysia Equity Derivatives

0.545 0.100 0.145 0.145 70354 A50CHIN-C54 0.145 -0.015 10 7.580 8.389 13.55 30/06/2020 0.320 0.130 0.190 0.185 70358 A50CHIN-C58 0.190 -0.015 41 7.580 8.949 21.81 30/09/2020 0.665 0.310 0.440 0.440 70360 A50CHIN-C60 0.440 -0.035 50 7.579 7.830 12.02 30/09/2020 0.500 0.050 0.225 0.225 70339 A50CHIN-H39 0.225 0.020 5 7.579 6.991 -3.30 30/06/2020 0.815 0.225 0.500 0.500 70345 A50CHIN-H45 0.500 -0.005 4 7.579 7.550 9.52 30/09/2020 0.045 0.005 0.005 0.005 5238WA AAX-WA 0.005 Unch 20 0.065 0.460 615.38 08/06/2020 0.060 0.005 0.015 0.010 6599CX AEON-CX 0.015 0.005 110 1.030 1.450 43.69 30/11/2020 0.050 0.005 0.010 0.005 50991C AIRASIAC1C 0.010 Unch 7 0.720 1.250 76.39 30/10/2020 0.015 0.005 0.015 0.010 501415 AIRPORT-C15 0.010 Unch 732.1 5.190 7.700 49.90 30/11/2020 0.130 0.005 0.015 0.015 501417 AIRPORT-C17 0.015 0.005 100 5.190 7.300 42.68 27/10/2020 0.080 0.010 0.030 0.025 5115WA ALAM-WA 0.030 Unch 3175.2 0.070 0.120 114.29 28/03/2022 0.090 0.005 0.015 0.015 101519 AMBANK-C19 0.015 Unch 100 3.030 3.850 28.55 30/10/2020 0.025 0.005 0.015 0.015 9342WB ANZO-WB 0.015 -0.010 12 0.020 0.250 1,225 25/08/2023 0.195 0.030 0.080 0.075 0119WA APPASIA-WA 0.075 -0.005 70 0.140 0.130 46.43 23/12/2024 0.630 0.010 0.020 0.015 521051 ARMADA-C51 0.015 Unch 1234.2 0.175 0.235 38.57 30/06/2020 0.030 0.005 0.010 0.010 0105WB ASIAPLY-WB 0.010 Unch 31.2 0.045 0.100 144.44 12/12/2022 0.275 0.040 0.120 0.085 7579WA AWC-WA 0.120 0.035 5416.1 0.350 0.880 185.71 25/12/2023 0.230 0.005 — — 688838 AXIATA-C38 0.005 — — 0.286 4.440 1,463 30/04/2020 0.120 0.015 0.015 0.015 688845 AXIATA-C45 0.015 Unch 2.1 3.720 4.880 34.41 28/08/2020 0.200 0.030 0.060 0.060 688851 AXIATA-C51 0.060 0.005 100.9 3.720 4.300 23.66 09/11/2020 0.330 0.050 0.095 0.085 7078WA AZRB-WA 0.085 -0.005 1160.7 0.215 0.630 232.56 13/05/2024 0.450 0.130 0.300 0.280 0098WA BAHVEST-WA 0.280 -0.015 1703.9 0.415 0.430 71.08 20/08/2024 0.115 0.010 0.020 0.020 4162CU BAT-CU 0.020 Unch 30 10.800 16.000 52.78 09/11/2020 0.245 0.030 0.065 0.055 4162CV BAT-CV 0.060 Unch 581 10.800 12.000 19.44 27/10/2020 0.315 0.030 0.090 0.090 4162CX BAT-CX 0.090 Unch 500 10.800 12.000 19.44 30/10/2020 0.105 0.005 0.010 0.010 5248C8 BAUTO-C8 0.010 0.005 100 1.250 2.000 62.40 30/11/2020 0.395 0.115 0.200 0.185 5258WA BIMB-WA 0.195 0.005 2151.2 3.270 4.720 50.31 04/12/2023 0.023 0.003 0.005 0.005 6998WA BINTAI-WA 0.005 Unch 100 0.080 0.200 156.25 15/06/2020 0.090 0.015 0.030 0.025 0179WA BIOHLDG-WA 0.025 -0.005 3619.7 0.105 0.220 133.33 05/01/2022 0.070 0.015 0.025 0.015 3239WB BJASSET-WB 0.020 0.005 1707.6 0.255 0.350 45.10 09/06/2023 0.050 0.010 0.015 0.010 3395WB BJCORP-WB 0.010 -0.005 758.3 0.195 1.000 417.95 22/04/2022 0.075 0.015 0.035 0.030 3395WC BJCORP-WC 0.035 Unch 510 0.195 1.000 430.77 29/05/2026 0.020 0.005 0.005 0.005 7036WC BORNOIL-WC 0.005 Unch 10 0.020 0.070 275.00 08/11/2025 0.025 0.005 0.005 0.005 7036WD BORNOIL-WD 0.005 Unch 130 0.020 0.070 275.00 29/05/2027 0.045 0.010 0.025 0.020 5932WA BPURI-WA 0.020 Unch 6979.4 0.055 0.100 118.18 22/12/2022 0.060 0.005 0.060 0.045 181827 BURSA-C27 0.060 0.020 636 5.700 5.850 7.89 30/10/2020 0.330 0.040 0.135 0.100 7154WA CAELY-WA 0.100 -0.010 1009 0.270 0.190 7.41 22/04/2021 0.135 0.030 0.080 0.070 7035WA CCK-WA 0.075 -0.005 732.4 0.495 0.900 96.97 18/06/2023 0.095 0.005 0.005 0.005 102357 CIMB-C57 0.005 Unch 30 2.195 5.880 168.91 07/09/2020 0.110 0.005 0.005 0.005 102359 CIMB-C59 0.005 Unch 50 1.760 5.380 207.10 26/08/2020 0.050 0.005 0.020 0.015 102361 CIMB-C61 0.015 -0.005 800 3.560 4.880 39.61 06/11/2020 0.145 0.005 0.005 0.005 285218 CMSB-C18 0.005 Unch 60 1.230 2.600 112.40 26/08/2020 0.090 0.005 0.020 0.010 285219 CMSB-C19 0.010 Unch 5995.7 1.250 2.300 87.20 06/11/2020 0.700 0.170 0.360 0.350 8125WB DAIBOCI-WB 0.350 Unch 82.9 1.930 2.500 47.67 19/06/2022 0.435 0.040 0.100 0.095 5276WA DANCO-WA 0.095 -0.005 153.7 0.380 0.300 3.95 22/05/2022 0.190 0.005 0.010 0.010 5141C4 DAYANG-C4 0.010 Unch 300 1.270 2.350 88.98 26/08/2020 0.270 0.005 0.020 0.020 5141C5 DAYANG-C5 0.020 Unch 80 1.270 2.200 79.53 07/12/2020 0.090 0.005 0.020 0.020 5141C8 DAYANG-C8 0.020 Unch 9.3 1.270 3.000 142.52 22/01/2021 0.505 0.015 0.055 0.045 5141CX DAYANG-CX 0.045 -0.010 1057.1 1.270 1.599 35.99 30/10/2020 0.015 0.005 0.005 0.005 7179WB DBE-WB 0.005 Unch 177.7 0.030 0.050 83.33 22/01/2022 0.030 0.005 0.005 0.005 0152WB DGB-WB 0.005 Unch 2100.1 0.020 0.120 525.00 27/06/2021 0.090 0.025 0.060 0.060 727753 DIALOG-C53 0.060 0.020 100 3.230 3.500 15.79 30/10/2020 0.100 0.005 0.035 0.030 727754 DIALOG-C54 0.035 0.020 27 3.230 3.500 11.61 28/08/2020 0.090 0.005 0.045 0.040 727755 DIALOG-C55 0.040 0.005 305.5 3.230 3.500 13.31 12/10/2020 0.065 0.020 0.050 0.045 727756 DIALOG-C56 0.050 0.005 200 3.230 3.400 9.91 30/10/2020 0.120 0.095 0.120 0.120 727757 DIALOG-C57 0.120 Unch 300 3.230 3.600 24.46 25/11/2020 0.040 0.010 0.015 0.010 0029WB DIGISTA-WB 0.015 0.005 36 0.035 0.260 685.71 04/04/2023 0.085 0.005 0.015 0.010 4456WD DNEX-WD 0.015 Unch 384.5 0.130 0.500 296.15 30/07/2021 0.245 0.025 0.060 0.055 7114WA DNONCE-WA 0.060 0.005 200 0.240 0.250 29.17 25/11/2020 0.060 0.005 — — 5265WA DOLPHIN-WA 0.010 — — 0.055 0.800 1,373 29/03/2021 0.075 0.005 0.020 0.010 7169WA DOMINAN-WA 0.015 0.010 3548 0.790 1.300 66.46 10/09/2020 0.045 0.020 0.025 0.025 7198WB DPS-WB 0.025 Unch 112.8 0.060 0.100 108.33 15/01/2025 0.175 0.005 0.005 0.005 161995 DRBHCOMC95 0.005 -0.005 650 1.350 2.350 75.19 28/08/2020 0.170 0.005 0.015 0.015 161997 DRBHCOMC97 0.015 Unch 1180 1.350 2.200 66.30 07/12/2020 0.375 0.010 0.065 0.055 521611 DSONIC-C11 0.055 Unch 1905.8 0.955 1.000 16.23 30/07/2020 0.290 0.005 0.035 0.025 521612 DSONIC-C12 0.035 Unch 1007.9 0.955 1.180 30.89 30/07/2020 0.425 0.005 0.070 0.060 521613 DSONIC-C13 0.060 Unch 1070.4 0.955 1.150 29.84 26/08/2020 0.250 0.005 0.035 0.035 521614 DSONIC-C14 0.035 0.015 30.5 0.955 1.250 38.95 19/06/2020 0.270 0.010 0.085 0.065 521615 DSONIC-C15 0.065 Unch 242 0.955 1.000 25.13 09/11/2020 0.110 0.010 0.020 0.020 521618 DSONIC-C18 0.020 Unch 2150 0.955 1.800 94.76 27/10/2020 0.440 0.215 0.355 0.340 5216HA DSONIC-HA 0.350 0.005 133.4 0.955 2.000 219.37 14/09/2020 0.470 0.205 0.345 0.335 5216HB DSONIC-HB 0.335 -0.025 70 0.955 1.600 137.70 21/09/2020 0.935 0.070 0.460 0.420 5216WA DSONIC-WA 0.430 -0.015 48765.7 0.955 1.090 59.16 05/07/2023 0.850 0.005 0.080 0.070 7165WA DWL-WA 0.080 Unch 11 0.255 0.600 166.67 07/04/2021 0.045 0.010 0.020 0.015 5178WA DYNACIA-WA 0.020 Unch 301.1 0.050 0.120 180.00 26/12/2023 0.010 0.005 0.005 0.005 0154WE EAH-WE 0.005 Unch 5356.9 0.015 0.035 166.67 22/04/2023 0.320 0.040 0.110 0.100 5253WA ECONBHD-WA 0.100 -0.005 3918.8 0.490 1.250 175.51 02/01/2023 0.030 0.005 0.005 0.005 8206CV ECOWLD-CV 0.005 Unch 1 0.410 0.880 117.07 30/04/2020 0.300 0.060 0.095 0.090 8206WA ECOWLD-WA 0.095 0.005 642.3 0.410 2.080 430.49 26/03/2022 0.125 0.025 0.050 0.045 7471WB EDEN-WB 0.050 Unch 2931 0.180 0.300 94.44 13/08/2021 0.020 0.005 0.010 0.005 0107WB EDUSPEC-WB 0.010 Unch 1333.1 0.015 0.050 300.00 30/09/2024 0.075 0.035 0.060 0.060 887710 EKOVEST-C10 0.060 0.005 334 0.470 0.780 83.83 09/10/2020 0.070 0.035 0.070 0.070 887711 EKOVEST-C11 0.070 Unch 22 0.470 0.680 67.02 25/11/2020 0.085 0.005 0.005 0.005 8877C5 EKOVEST-C5 0.005 Unch 10 0.470 0.980 111.17 07/08/2020 0.060 0.005 0.005 0.005 8877C8 EKOVEST-C8 0.005 -0.015 10 0.470 1.000 114.57 17/07/2020 0.280 0.040 0.105 0.090 7249WB EWEIN-WB 0.105 0.015 784.5 0.275 0.800 229.09 24/09/2022 0.250 0.045 0.080 0.070 5283WA EWINT-WA 0.075 -0.005 1901.5 0.405 1.450 276.54 04/04/2022 0.145 0.005 0.020 0.020 06507P FBMKLCI-C7P 0.020 0.005 71 1,387 1,588 15.87 30/10/2020 0.100 0.005 0.015 0.015 06507S FBMKLCI-C7S 0.015 0.005 145 398.48 1,570 296.63 29/05/2020 0.100 0.005 0.015 0.015 06507T FBMKLCI-C7T 0.015 0.005 29.8 821.09 1,580 93.71 30/06/2020 0.230 0.010 0.020 0.020 06507X FBMKLCI-C7X 0.020 0.010 110 543.28 1,610 197.45 30/07/2020 0.280 0.045 0.090 0.090 06509B FBMKLCI-C9B 0.090 0.020 10 1,387 1,540 12.91 28/08/2020 0.080 0.005 0.045 0.040 06509C FBMKLCI-C9C 0.040 Unch 520 1,387 1,600 16.70 28/08/2020 0.395 0.170 0.395 0.385 06509E FBMKLCI-C9E 0.395 0.030 17 1,387 1,470 14.47 30/09/2020 0.500 0.105 0.340 0.335 06508K FBMKLCI-H8K 0.340 -0.015 240 1,387 1,689 46.20 30/06/2020 0.500 0.065 0.265 0.240 06508L FBMKLCI-H8L 0.265 0.005 166.1 1,387 1,589 33.59 30/06/2020 0.455 0.055 0.235 0.215 06508R FBMKLCI-H8R 0.235 0.005 15220.9 1,387 1,508 25.60 30/10/2020 0.500 0.075 0.245 0.230 06508S FBMKLCI-H8S 0.245 -0.005 4887.4 1,387 1,558 29.92 30/10/2020 0.535 0.030 0.260 0.255 06508T FBMKLCI-H8T 0.260 -0.035 140 1,387 1,560 25.52 30/04/2020 0.600 0.070 0.320 0.320 06508V FBMKLCI-H8V 0.320 -0.015 45 1,387 1,580 29.99 30/06/2020 1.180 0.200 0.580 0.570 06508W FBMKLCI-H8W 0.570 -0.050 8.6 1,387 1,540 23.29 29/05/2020 1.230 0.320 0.780 0.780 06508X FBMKLCI-H8X 0.780 -0.450 1 1,387 1,620 33.59 29/05/2020 1.050 0.623 0.740 0.740 06508Y FBMKLCI-H8Y 0.740 -0.300 1 1,387 1,600 31.29 30/07/2020 1.000 0.360 0.520 0.485 06508Z FBMKLCI-H8Z 0.500 -0.020 1973.8 1,387 1,550 25.67 30/11/2020 0.410 0.235 0.335 0.330 0650AA FBMKLCI-HAA 0.335 -0.025 60 1,387 1,585 31.11 30/07/2020 0.660 0.270 0.300 0.280 0650AD FBMKLCI-HAD 0.290 -0.020 7818.9 1,387 1,500 18.28 28/08/2020 0.730 0.290 0.375 0.350 0650AE FBMKLCI-HAE 0.365 -0.015 6482.1 1,387 1,530 23.08 30/10/2020 1.100 0.600 0.630 0.600 0650AF FBMKLCI-HAF 0.615 -0.020 1560.2 1,387 1,420 15.62 30/09/2020 0.325 0.020 0.040 0.040 522284 FGV-C84 0.040 Unch 580 0.850 0.980 24.71 30/10/2020 0.075 0.005 0.030 0.005 522289 FGV-C89 0.005 -0.005 320 0.850 1.880 122.65 14/08/2020 0.045 0.005 0.010 0.010 522290 FGV-C90 0.010 0.005 6.3 0.850 1.750 107.65 30/10/2020 0.030 0.005 0.020 0.015 0150WB FINTEC-WB 0.015 -0.005 1230 0.045 0.150 266.67 03/12/2022 0.445 0.020 0.250 0.250 0128CA FRONTKN-CA 0.250 -0.025 10 2.070 1.380 2.90 30/06/2020 0.370 0.010 0.195 0.185 0128CG FRONTKN-CG 0.185 0.025 183.1 2.070 1.600 4.11 26/06/2020 0.315 0.010 0.150 0.130 0128CH FRONTKN-CH 0.135 0.010 1327.5 2.070 1.800 6.52 26/06/2020 0.240 0.010 0.065 0.055 0128CI FRONTKN-CI 0.055 0.005 787.6 2.070 2.000 4.59 22/05/2020 0.195 0.020 0.070 0.060 0128CJ FRONTKN-CJ 0.070 0.015 20 2.070 2.200 16.43 30/07/2020 0.250 0.005 0.120 0.105 0128CK FRONTKN-CK 0.115 0.015 139 2.070 2.000 16.06 07/12/2020 0.195 0.015 0.085 0.080 0128CL FRONTKN-CL 0.080 0.010 355.5 2.070 2.700 42.03 27/10/2020 0.185 0.010 0.145 0.135 0128CM FRONTKN-CM 0.140 0.025 135.8 2.070 2.500 41.06 15/01/2021 0.450 0.040 0.125 0.110 9261WB GADANG-WB 0.115 Unch 7925.8 0.375 1.060 213.33 29/11/2021 0.215 0.005 0.025 0.025 539870 GAMUDA-C70 0.025 -0.005 138 3.150 3.500 15.08 29/05/2020 0.195 0.005 0.050 0.035 539878 GAMUDA-C78 0.035 -0.030 909.2 3.150 3.910 28.57 12/10/2020 0.125 0.020 0.095 0.095 539879 GAMUDA-C79 0.095 0.045 50 3.150 4.400 50.84 14/08/2020 0.060 0.010 0.040 0.040 539882 GAMUDA-C82 0.040 -0.010 110.5 3.150 3.850 29.84 06/11/2020 0.490 0.030 0.160 0.140 5398WE GAMUDA-WE 0.145 -0.010 45450.5 3.150 4.050 33.17 06/03/2021 0.520 0.095 0.205 0.190 5226WB GBGAQRS-WB 0.190 -0.005 1044.8 0.790 1.120 65.82 26/09/2023 0.365 0.005 0.070 0.060 5102CL GCB-CL 0.060 -0.010 83 2.200 2.480 19.55 12/10/2020 0.210 0.010 0.050 0.050 5102CP GCB-CP 0.050 Unch 100 2.200 2.980 43.41 30/11/2020 1.600 0.305 0.840 0.795 5102WB GCB-WB 0.795 -0.010 768 2.200 1.650 11.14 04/11/2022 0.125 0.005 0.010 0.010 471568 GENM-C68 0.010 0.005 50 2.180 2.945 36.85 30/07/2020 0.070 0.010 0.020 0.015 471573 GENM-C73 0.015 -0.005 3315 2.180 2.781 30.88 30/11/2020 0.120 0.025 0.060 0.055 471574 GENM-C74 0.055 Unch 399.5 2.180 2.897 42.62 22/01/2021 0.060 0.030 0.060 0.055 471575 GENM-C75 0.055 Unch 2380.1 2.180 2.800 38.18 25/11/2020 0.160 0.005 0.025 0.025 318282 GENTINGC82 0.025 0.005 1083 3.820 5.379 44.00 30/11/2020 0.100 0.030 0.030 0.030 318283 GENTINGC83 0.030 -0.010 33 3.820 5.750 53.60 09/10/2020 0.210 0.015 0.030 0.025 0039WC GFM-WC 0.025 Unch 1101 0.130 0.380 211.54 28/01/2022 0.115 0.015 0.020 0.020 5220WA GLOTEC-WA 0.020 Unch 1 0.285 0.720 159.65 17/12/2021 0.460 0.075 0.265 0.235 0082WB GPACKET-WB 0.240 0.005 1875.9 0.555 0.400 15.32 24/11/2023 0.070 0.015 0.025 0.025 7096WA GPA-WA 0.025 Unch 100 0.075 0.100 66.67 03/06/2025 0.120 0.020 0.025 0.020 7022C2 GTRONIC-C2 0.020 -0.020 3345 1.850 2.450 35.89 28/07/2020 0.235 0.020 0.095 0.080 7022C4 GTRONIC-C4 0.080 0.010 1200 1.850 2.000 21.08 09/11/2020 0.285 0.025 0.145 0.130 7676WB GUNUNG-WB 0.140 0.010 821.5 0.475 0.400 13.68 02/10/2020 0.370 0.040 0.370 0.350 516828 HARTA-C28 0.360 0.025 262.2 7.600 5.500 0.79 30/04/2020 0.420 0.120 0.420 0.415 516830 HARTA-C30 0.420 0.025 100 7.600 5.180 1.32 31/07/2020 0.450 0.180 0.450 0.435 516833 HARTA-C33 0.450 0.025 65 7.600 5.200 3.95 07/12/2020 0.310 0.070 0.310 0.290 516834 HARTA-C34 0.305 0.030 203.6 7.600 6.000 3.03 30/11/2020 0.200 0.095 0.200 0.190 516835 HARTA-C35 0.195 0.015 185 7.600 6.500 11.18 27/10/2020 0.205 0.070 0.205 0.195 516836 HARTA-C36 0.200 0.015 153.9 7.600 7.200 15.79 18/12/2020 0.365 0.135 0.365 0.365 516837 HARTA-C37 0.365 0.080 10 7.600 5.700 3.82 30/11/2020 0.255 0.075 0.255 0.240 516838 HARTA-C38 0.250 0.020 515 7.600 6.200 4.61 06/11/2020 0.330 0.135 0.330 0.330 516839 HARTA-C39 0.330 0.020 75 7.600 6.500 11.58 22/01/2021 0.110 0.005 0.015 0.010 432413 HENGYUANC13 0.015 0.005 461.7 2.970 4.200 45.96 07/08/2020 0.080 0.005 0.020 0.010 5072WB HIAPTEK-WB 0.010 -0.010 416.5 0.150 0.500 240.00 23/06/2021 0.095 0.005 0.010 0.010 519910 HIBISCS-C10 0.010 Unch 4397.1 0.475 1.030 121.05 30/10/2020 0.085 0.005 0.005 0.005 519912 HIBISCS-C12 0.005 Unch 4762 0.475 1.000 113.16 12/10/2020 0.180 0.005 0.005 0.005 519914 HIBISCS-C14 0.005 Unch 300 0.475 1.000 111.58 30/07/2020 0.485 0.025 0.155 0.135 5199WC HIBISCS-WC 0.140 -0.020 30314.8 0.475 1.120 165.26 18/03/2021 0.120 0.005 0.015 0.010 5819CP HLBANK-CP 0.010 -0.005 1119 13.560 17.280 28.54 30/09/2020 0.165 0.030 0.090 0.080 0188WA HLT-WA 0.080 -0.005 1688.3 0.190 0.200 47.37 27/12/2022 0.315 0.040 0.105 0.100 5160WB HOMERIZ-WB 0.100 -0.005 811.1 0.475 0.540 34.74 03/07/2022 0.065 0.005 0.065 0.050 9601WD HWGB-WD 0.050 Unch 5372.4 0.180 0.320 105.56 15/03/2021 0.070 0.020 0.035 0.030 5255WA ICON-WA 0.030 -0.005 3148.2 0.065 0.165 200.00 13/02/2028 0.085 0.015 0.050 0.045 522517 IHH-C17 0.050 0.005 246 5.230 5.800 15.68 30/10/2020

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


0.105 0.070 0.090 0.085 522518 IHH-C18 0.090 0.010 190 5.230 6.000 24.19 29/03/2021 0.100 0.015 0.035 0.035 333636 IJM-C36 0.035 -0.005 0.2 1.780 2.200 28.51 30/10/2020 0.160 0.010 0.030 0.030 16655 INARI-C55 0.030 Unch 230 1.420 1.600 19.01 19/06/2020 0.180 0.015 0.070 0.065 16657 INARI-C57 0.065 0.005 447.2 1.420 1.700 33.45 30/11/2020 0.025 0.025 0.025 0.025 5249CY IOIPG-CY 0.025 Unch 30 0.950 1.280 40.00 30/11/2020 1.260 0.360 0.790 0.760 4723WB JAKS-WB 0.760 -0.005 1749.3 0.970 0.640 44.33 13/12/2023 0.170 0.015 0.135 0.090 0111WC K1-WC 0.100 -0.030 24659.2 0.175 0.300 128.57 30/12/2021 0.030 0.020 0.030 0.030 7161CM KERJAYA-CM 0.030 0.005 45 0.985 1.300 41.12 15/01/2021 0.345 0.060 0.140 0.120 7161WB KERJAYA-WB 0.140 -0.005 198.1 0.985 1.600 76.65 28/02/2023 0.400 0.100 0.180 0.145 5171WA KIMLUN-WA 0.170 -0.020 78.7 0.680 1.680 172.06 12/03/2024 0.475 0.170 0.285 0.230 5027WB KMLOONG-WB 0.260 -0.030 7.2 1.070 1.400 55.14 10/04/2025 0.215 0.075 0.215 0.180 7153C3 KOSSAN-C3 0.215 0.035 787.6 5.510 4.500 3.13 28/07/2020 0.185 0.080 0.180 0.165 7153C4 KOSSAN-C4 0.180 0.020 234.6 5.510 5.000 7.08 30/11/2020 0.240 0.135 0.240 0.225 7153C5 KOSSAN-C5 0.240 0.020 312.9 5.510 4.780 10.71 15/01/2021 0.155 0.020 0.050 0.050 5878CU KPJ-CU 0.050 -0.010 100 0.890 0.980 15.73 28/08/2020 0.030 0.005 0.010 0.010 5172WA KSTAR-WA 0.010 Unch 70 0.075 0.080 20.00 10/04/2021 0.035 0.005 0.010 0.005 0018WB LAMBO-WB 0.010 Unch 38569.2 0.020 0.160 750.00 29/04/2024 0.230 0.025 0.070 0.065 9385WA LAYHONG-WA 0.065 Unch 703.1 0.335 0.400 38.81 13/10/2021 0.260 0.050 0.070 0.065 8494WB LBICAP-WB 0.065 -0.005 65.2 0.410 0.500 37.80 24/06/2024 0.250 0.005 0.005 0.005 5789WB LBS-WB 0.005 Unch 61 0.360 0.560 56.94 04/10/2020 0.300 0.005 0.020 0.015 6633CL LHI-CL 0.015 Unch 51 0.565 0.750 35.40 28/08/2020 0.100 0.035 0.070 0.060 8303WB LOTUS-WB 0.065 0.010 695.4 0.115 0.100 43.48 25/11/2024 0.045 0.010 0.020 0.015 5068WA LUSTER-WA 0.020 Unch 2072 0.065 0.100 84.62 03/06/2022 0.045 0.015 0.030 0.020 5068WB LUSTER-WB 0.025 -0.005 182.6 0.065 0.100 92.31 26/05/2023 0.040 0.005 0.010 0.005 0140WA MACPIE-WA 0.010 Unch 60 0.065 0.480 653.85 17/02/2021 0.350 0.030 0.030 0.030 7617WB MAGNA-WB 0.030 Unch 62 0.780 0.900 19.23 04/09/2020 0.125 0.015 0.025 0.025 7087CA MAGNI-CA 0.025 0.010 1165 1.870 2.800 54.41 24/09/2020 0.080 0.005 0.030 0.030 526429 MALAKOFC29 0.030 0.005 10 0.880 0.880 6.82 26/06/2020 0.140 0.005 0.010 0.010 5236WA MATRIX-WA 0.010 -0.005 300.5 0.865 2.400 178.61 20/07/2020 0.165 0.015 0.025 0.015 601211 MAXIS-C11 0.025 0.005 502.7 5.300 5.280 2.45 30/04/2020 0.120 0.005 0.030 0.020 115561 MAYBANKC61 0.030 0.015 1608.4 7.640 8.700 15.05 30/07/2020 0.070 0.010 0.020 0.020 115565 MAYBANKC65 0.020 Unch 268 5.976 8.500 43.24 30/11/2020 0.720 0.220 0.310 0.300 5152WA MBL-WA 0.310 0.005 73.9 1.170 0.800 -5.13 28/11/2022 0.025 0.004 — — 5983CL MBMR-CL 0.005 — — 0.333 4.380 1,221 27/04/2020 0.045 0.005 0.015 0.015 117129 MBSB-C29 0.015 Unch 750 0.600 0.730 26.67 20/11/2020 0.165 0.020 0.075 0.070 3778WB MELEWAR-WB 0.075 Unch 182.4 0.170 0.400 179.41 18/08/2023 0.100 0.005 0.015 0.015 5040WA MERIDIAN-WA 0.015 -0.005 50 0.060 0.500 758.33 13/08/2021 0.030 0.005 0.010 0.005 5040WB MERIDIAN-WB 0.010 0.005 104.2 0.060 0.900 1,417 22/04/2022 0.025 0.005 0.010 0.010 5040WC MERIDIAN-WC 0.010 Unch 200 0.060 0.800 1,250 24/08/2024 0.310 0.030 0.055 0.045 7234WA MESB-WA 0.050 -0.005 1330.2 0.210 0.300 66.67 27/12/2022 0.480 0.085 0.190 0.175 3662WC MFLOUR-WC 0.180 0.005 148.8 0.470 0.680 82.98 23/01/2024 0.055 0.005 0.010 0.010 518615 MHB-C15 0.010 Unch 335 0.415 0.780 92.77 15/01/2021 0.385 0.035 0.140 0.115 5286CG MI-CG 0.120 -0.005 735 2.070 2.080 17.87 30/11/2020 0.520 0.070 0.205 0.205 5286CH MI-CH 0.205 0.015 70 2.070 2.200 31.04 27/10/2020 0.360 0.090 0.210 0.210 5286CI MI-CI 0.210 Unch 100 2.070 2.300 44.59 18/12/2020 0.375 0.040 0.165 0.145 5286CJ MI-CJ 0.145 -0.005 2927.7 2.070 2.000 17.63 22/01/2021 0.120 0.095 0.115 0.115 5286CL MI-CL 0.115 0.005 100 2.070 3.200 77.92 25/11/2020 0.135 0.025 0.060 0.045 5576WC MINHO-WC 0.050 -0.005 9002.3 0.225 0.320 64.44 02/08/2021 0.125 0.035 0.060 0.055 381626 MISC-C26 0.060 0.010 280 7.850 8.880 18.47 21/09/2020 0.033 0.003 0.005 0.005 9571WD MITRA-WD 0.005 Unch 510 0.240 0.940 293.75 23/08/2020 0.140 0.020 0.050 0.040 9571WE MITRA-WE 0.050 0.005 216 0.240 0.940 312.50 17/04/2023 0.070 0.005 0.015 0.010 0103WB MNC-WB 0.015 Unch 615.5 0.020 0.060 275.00 05/09/2024 0.025 0.005 0.005 0.005 0070WA MQTECH-WA 0.005 Unch 5215 0.020 0.100 425.00 21/11/2021 0.020 0.005 0.020 0.015 165158 MRCB-C58 0.020 0.005 102 0.515 0.700 43.69 07/12/2020 0.090 0.005 0.015 0.015 165160 MRCB-C60 0.015 0.005 1114 0.515 0.780 54.37 30/11/2020 0.100 0.020 0.075 0.075 165161 MRCB-C61 0.075 0.010 100 0.515 0.600 31.07 18/12/2020 0.370 0.050 0.150 0.125 1651WB MRCB-WB 0.135 0.005 64957.4 0.515 1.250 168.93 29/10/2027 0.045 0.005 0.015 0.005 0092WC MTOUCHE-WC 0.010 0.005 59072.1 0.085 0.200 147.06 02/11/2020 0.125 0.010 0.035 0.030 13884 MYEG-C84 0.035 0.010 344.7 1.040 1.200 25.48 28/07/2020 0.115 0.005 0.020 0.015 13885 MYEG-C85 0.020 0.010 865.4 1.040 1.250 25.00 15/05/2020 0.140 0.005 0.045 0.040 13886 MYEG-C86 0.040 0.005 1600 1.040 1.250 27.88 07/08/2020 0.110 0.005 0.040 0.030 13887 MYEG-C87 0.030 Unch 1397 1.040 1.200 26.92 12/10/2020 0.175 0.055 0.070 0.070 13888 MYEG-C88 0.070 0.010 101 1.040 1.400 51.44 12/10/2020 0.175 0.035 0.080 0.075 13890 MYEG-C90 0.075 0.010 1039 1.040 1.350 46.39 11/09/2020 0.205 0.030 0.090 0.085 13891 MYEG-C91 0.090 0.015 40 1.040 1.200 28.37 30/10/2020 0.175 0.025 0.075 0.065 13892 MYEG-C92 0.070 0.010 2214.7 1.040 1.200 28.85 30/11/2020 0.125 0.055 0.095 0.090 13893 MYEG-C93 0.090 0.005 1101.9 1.040 1.700 89.42 15/01/2021 0.285 0.050 0.110 0.105 0108WB N2N-WB 0.105 -0.005 58.5 0.515 0.830 81.55 08/01/2024 0.005 0.003 0.005 0.005 0096WA NEXGRAM-WA 0.005 Unch 6201 0.015 0.100 600.00 16/05/2022 0.010 0.005 0.010 0.005 0096WB NEXGRAM-WB 0.010 0.005 4700.7 0.015 0.260 1,700 21/07/2023 0.010 0.005 0.010 0.005 0096WC NEXGRAM-WC 0.010 0.005 100.1 0.015 0.100 633.33 15/01/2024 0.190 0.005 0.025 0.015 7241WA NGGB-WA 0.025 0.005 150.1 0.250 0.600 150.00 18/10/2020 0.045 0.010 0.020 0.020 7139WB NICE-WB 0.020 -0.005 110 0.040 0.060 100.00 22/01/2024 0.095 0.010 0.025 0.020 7215WB NIHSIN-WB 0.025 Unch 1758.5 0.090 0.138 81.11 13/05/2022 0.930 0.150 0.545 0.515 0083WC NOTION-WC 0.530 0.020 5258.2 0.815 0.840 68.10 14/03/2023 0.145 0.005 0.020 0.020 0172WA OCK-WA 0.020 Unch 4819 0.440 0.710 65.91 15/12/2020 0.125 0.015 0.025 0.025 7071WD OCR-WD 0.025 -0.005 375 0.215 0.220 13.95 18/02/2022 0.135 0.010 0.025 0.025 0079WA ORION-WA 0.025 Unch 1475.5 0.050 0.170 290.00 26/07/2022 0.265 0.040 0.120 0.100 5260WA OWG-WA 0.110 Unch 1295 0.290 0.800 213.79 29/09/2023 0.125 0.005 0.015 0.005 7052C4 PADINI-C4 0.005 Unch 1 2.300 3.880 70.22 30/09/2020 0.055 0.005 0.010 0.010 7052C5 PADINI-C5 0.010 0.005 561 2.300 4.000 76.52 21/09/2020 0.260 0.150 0.220 0.220 8419WA PANSAR-WA 0.220 Unch 2 0.675 0.630 25.93 06/06/2023 0.140 0.005 0.015 0.015 5125WA PANTECH-WA 0.015 Unch 30 0.355 0.500 45.07 21/12/2020 0.305 0.040 0.125 0.110 1724WA PARAMON-WA 0.115 0.005 1424.5 0.715 1.790 166.43 28/07/2024 0.085 0.020 0.045 0.030 6912WA PASDEC-WA 0.030 0.005 147.1 0.210 1.000 390.48 03/07/2023 0.050 0.010 0.025 0.020 7225WB PA-WB 0.025 Unch 37 0.045 0.060 88.89 17/12/2022 0.140 0.035 0.115 0.115 129545 PBBANK-C45 0.115 0.005 20 15.840 18.280 24.12 09/10/2020 0.180 0.015 0.075 0.070 129546 PBBANK-C46 0.070 Unch 560 15.840 18.500 22.10 15/01/2021 0.315 0.030 0.085 0.075 6068WA PCCS-WA 0.075 -0.010 846.5 0.245 0.600 175.51 25/12/2022 0.165 0.010 0.010 0.010 518341 PCHEM-C41 0.010 Unch 5 5.420 7.380 37.64 28/08/2020 0.135 0.005 0.005 0.005 518343 PCHEM-C43 0.005 Unch 500 2.780 7.880 184.62 21/09/2020 0.105 0.005 0.060 0.060 518345 PCHEM-C45 0.060 0.030 17.5 5.420 7.200 38.38 11/09/2020 0.065 0.010 0.045 0.025 518347 PCHEM-C47 0.035 0.010 678 5.420 6.500 23.15 30/10/2020 0.155 0.005 0.070 0.050 518348 PCHEM-C48 0.070 0.020 895 5.420 6.480 27.95 15/01/2021 0.045 0.010 0.035 0.030 518349 PCHEM-C49 0.035 Unch 549 5.420 6.500 25.09 30/11/2020 0.235 0.110 0.235 0.205 518350 PCHEM-C50 0.235 0.035 67.9 5.420 6.400 38.89 13/11/2020 0.015 0.005 0.005 0.005 6254WB PDZ-WB 0.005 Unch 1215 0.020 0.100 425.00 29/01/2023 0.100 0.015 0.040 0.040 9997WB PENSONI-WB 0.040 Unch 50 0.220 0.600 190.91 20/01/2024 0.650 0.030 0.260 0.260 7160CB PENTA-CB 0.260 0.060 5 3.760 2.920 5.32 29/05/2020 0.210 0.005 0.010 0.010 7160CI PENTA-CI 0.010 Unch 20 3.760 4.880 31.12 22/05/2020 0.195 0.010 0.050 0.050 7160CJ PENTA-CJ 0.050 Unch 65 3.760 4.500 30.32 30/10/2020 0.160 0.005 0.025 0.025 7160CK PENTA-CK 0.025 Unch 10 3.760 5.000 36.97 28/08/2020 0.215 0.005 0.040 0.040 7160CO PENTA-CO 0.040 Unch 262 3.760 4.800 34.04 12/10/2020 0.250 0.005 0.055 0.050 7160CP PENTA-CP 0.050 Unch 236.4 3.760 4.500 27.66 26/08/2020 0.145 0.005 0.065 0.065 7160CQ PENTA-CQ 0.065 0.015 50 3.760 5.500 56.65 15/01/2021 0.100 0.005 0.035 0.030 7160CR PENTA-CR 0.030 0.010 21.8 3.760 5.600 54.12 27/10/2020 0.185 0.020 0.070 0.065 6033CU PETGAS-CU 0.070 0.010 4.8 15.440 16.000 8.16 30/06/2020 0.190 0.050 0.080 0.080 9695WA PLS-WA 0.080 Unch 3 0.580 0.800 51.72 04/03/2030 1.650 0.640 0.760 0.730 7172WA PMBTECH-WA 0.760 0.060 65.7 2.920 3.010 29.11 12/07/2023 0.075 0.005 0.030 0.030 886937 PMETAL-C37 0.030 0.005 2004 3.900 5.200 37.18 22/01/2021 0.140 0.055 0.130 0.105 6637WA PNEPCB-WA 0.130 0.010 2107.2 0.525 0.380 -2.86 16/12/2024 0.150 0.005 0.010 0.010 463447 POS-C47 0.010 Unch 800 0.715 1.300 86.01 09/11/2020 0.040 0.005 0.010 0.010 463449 POS-C49 0.010 0.005 188 0.715 1.480 109.79 30/11/2020 0.384 0.030 0.060 0.050 8966WA PRLEXUS-WA 0.060 0.005 732.3 0.510 1.200 147.06 14/06/2021 0.100 0.015 0.045 0.040 5070WA PRTASCO-WA 0.045 Unch 598 0.200 0.750 297.50 25/04/2023 0.060 0.005 0.015 0.010 0186WA PTRANS-WA 0.010 -0.005 6652.2 0.200 0.235 22.50 19/09/2020 0.325 0.020 0.045 0.045 0007WA PUC-WA 0.045 Unch 3 0.110 0.500 395.45 25/12/2024 0.890 0.235 0.670 0.635 7237WA PWROOT-WA 0.645 0.020 279.7 2.230 1.540 -2.02 24/07/2023 0.155 0.050 0.125 0.125 7084CQ QL-CQ 0.125 0.015 20 8.170 7.500 4.80 07/08/2020 0.075 0.005 0.015 0.010 5256WA REACH-WA 0.015 Unch 6033.4 0.060 0.750 1,175 12/08/2022 0.800 0.215 0.450 0.425 0200WA REVENUE-WA 0.425 -0.010 5940.2 1.100 0.750 6.82 14/01/2024 0.115 0.030 0.060 0.060 9954WB RGTBHD-WB 0.060 0.005 2 0.120 0.100 33.33 14/05/2023 0.110 0.010 0.015 0.015 106620 RHBBANKC20 0.015 Unch 100 4.730 5.880 25.90 30/10/2020 0.085 0.020 0.035 0.035 106621 RHBBANKC21 0.035 -0.005 30 4.730 6.400 37.53 11/09/2020 0.105 0.020 0.035 0.030 8567WB SALCON-WB 0.035 Unch 763.7 0.135 0.300 148.15 19/07/2025 0.025 0.005 0.010 0.005 0133WE SANICHI-WE 0.010 0.005 84 0.045 0.100 144.44 13/12/2021 0.145 0.025 0.045 0.040 5218WA SAPNRG-WA 0.040 Unch 18728.8 0.100 0.490 430.00 23/01/2026 0.110 0.010 0.020 0.010 5157WA SAUDEE-WA 0.020 -0.010 750.3 0.155 0.500 235.48 31/03/2021 0.170 0.005 0.035 0.025 7247WA SCGM-WA 0.025 -0.010 421.4 1.250 3.960 218.80 31/07/2020 0.320 0.005 0.040 0.040 4731CG SCIENTX-CG 0.040 Unch 60 7.750 8.200 9.94 29/05/2020 0.065 0.005 0.010 0.005 7158WB SCOMI-WB 0.010 0.005 262.5 0.015 0.210 1,367 18/02/2023 0.550 0.085 0.415 0.385 0001WA SCOMNET-WA 0.385 -0.015 951.4 0.700 0.650 47.86 19/06/2024 0.130 0.005 0.010 0.010 0028WA SCOPE-WA 0.010 Unch 150 0.110 0.150 45.45 17/07/2020 0.290 0.005 0.060 0.040 5279C1 SERBADK-C1 0.055 0.010 9246.2 1.680 2.000 25.60 07/12/2020 0.075 0.005 0.060 0.060 5279C2 SERBADK-C2 0.060 0.020 60 1.680 2.880 80.00 11/09/2020 0.068 0.005 0.020 0.010 5279C3 SERBADK-C3 0.015 0.005 954.1 1.680 2.400 44.64 30/10/2020 0.120 0.010 0.020 0.020 5279C4 SERBADK-C4 0.020 0.010 99.9 1.680 2.550 54.76 27/10/2020 0.160 0.005 0.045 0.020 5279C6 SERBADK-C6 0.040 0.015 12159.6 1.680 2.500 53.57 22/01/2021 0.205 0.005 0.030 0.015 5279CX SERBADK-CX 0.025 0.005 1396.5 1.680 2.143 31.10 30/09/2020 0.245 0.005 0.030 0.020 5279CY SERBADK-CY 0.020 Unch 2044.4 1.680 2.071 25.57 28/08/2020 0.215 0.005 0.015 0.015 5279CZ SERBADK-CZ 0.015 0.005 139 1.388 2.286 65.76 30/07/2020 0.605 0.105 0.300 0.235 5279WA SERBADK-WA 0.280 0.040 114949.2 1.680 2.620 72.62 05/12/2024 0.545 0.250 0.500 0.350 7180WA SERNKOU-WA 0.405 0.010 146.2 0.830 0.400 -3.01 20/03/2023 0.090 0.015 0.015 0.015 7246WA SIGN-WA 0.015 -0.005 10 0.375 0.970 162.67 21/04/2021 0.043 0.003 0.015 0.015 419740 SIME-C40 0.015 Unch 300 1.880 2.350 27.39 09/11/2020 0.210 0.010 0.060 0.050 5285CL SIMEPLT-CL 0.050 -0.005 1400.1 4.920 4.650 -0.41 30/04/2020 0.095 0.060 0.085 0.080 5285CN SIMEPLT-CN 0.080 Unch 150.4 4.920 5.350 16.87 30/10/2020 0.075 0.040 0.045 0.045 5288CT SIMEPROP-CT 0.045 Unch 149.9 0.565 0.780 46.02 18/12/2020 0.150 0.005 0.020 0.020 7155CU SKPRES-CU 0.020 Unch 20 1.080 1.280 23.70 21/09/2020 0.100 0.005 0.030 0.020 0203WA SMETRIC-WA 0.020 -0.010 1091 0.080 0.160 125.00 21/01/2023 0.145 0.040 0.065 0.060 5242WA SOLID-WA 0.060 -0.005 6608.3 0.285 0.210 -5.26 16/12/2020 0.065 0.005 0.020 0.015 0093WA SOLUTN-WA 0.015 Unch 2320 0.075 0.200 186.67 04/07/2021 0.190 0.040 0.165 0.165 0129WA SRIDGE-WA 0.165 0.005 10 0.380 0.180 -9.21 24/02/2023 0.160 0.035 0.060 0.055 0080WA STRAITS-WA 0.055 Unch 4195.8 0.160 0.115 6.25 10/08/2022 0.040 0.005 — — 1201WA SUMATEC-WA 0.005 — — 0.005 0.320 6,400 03/03/2021 0.035 0.030 0.035 0.035 5211CX SUNWAY-CX 0.035 0.005 15 1.600 1.880 21.88 30/11/2020 0.435 0.195 0.295 0.285 5211WB SUNWAY-WB 0.285 -0.005 459.5 1.600 1.720 25.31 03/10/2024 0.125 0.020 0.095 0.080 710672 SUPERMX-C72 0.085 0.015 694.9 1.840 1.600 0.82 29/05/2020 0.120 0.010 0.060 0.025 710674 SUPERMX-C74 0.045 0.020 14079.6 1.840 1.780 1.63 08/05/2020 0.130 0.010 0.050 0.035 710676 SUPERMX-C76 0.045 0.010 8833.9 1.840 1.700 -0.76 22/05/2020 0.235 0.040 0.235 0.210 710677 SUPERMX-C77 0.220 0.025 324.8 1.840 1.500 5.43 30/09/2020 0.190 0.035 0.150 0.110 710678 SUPERMX-C78 0.135 0.020 6215.4 1.840 1.680 5.98 12/10/2020 0.160 0.030 0.085 0.065 710679 SUPERMX-C79 0.075 0.005 1040 1.840 1.750 5.30 19/06/2020 0.455 0.005 0.455 0.395 710680 SUPERMX-C80 0.425 0.045 2059.6 1.840 1.250 2.58 30/10/2020 0.170 0.075 0.160 0.150 710681 SUPERMX-C81 0.155 0.015 340 1.840 1.600 10.54 27/10/2020 0.120 0.050 0.120 0.095 710682 SUPERMX-C82 0.095 0.005 152 1.840 2.200 37.64 18/12/2020 0.210 0.075 0.210 0.210 710683 SUPERMX-C83 0.210 0.015 1.3 1.840 1.700 9.51 30/10/2020 0.135 0.050 0.130 0.105 710685 SUPERMX-C85 0.120 0.015 875.8 1.840 1.650 9.24 20/11/2020 0.100 0.040 0.100 0.085 710686 SUPERMX-C86 0.090 0.010 658 1.840 1.900 17.93 27/10/2020

Main Market & Ace Market Warrants

MarketsW O R L D I N D E X . C O M M O D I T I E S . F U T U R E S

THURSDAY APRIL 16, 2020 • THEED G E FINANCIAL DAILY 2 3

Please refer to the Bursa Malaysia website for the prices of loan stocks, bonds and overseas structure warrants

ASX 200Index points

4,686.53

Mar 1, 2010 Apr 15, 2020

5,466.70-21.40(-0.39)

3480

4405

5330

6255

7180

Shanghai CompositeIndex points

3,087.842

Mar 1, 2010 Apr 15, 2020

1900

2875

3850

4825

5800

2,811.17-16.11

(-0.57%)

Dow JonesIndex points

10,403.79

Mar 1, 2010 Apr 14, 2020

23,949.76+558.99

(+2.39%)

9780

14830

19880

24930

29980

Euro STOXX 50 IndexIndex points

2,772.70

Mar 1, 2010

2,917.74(+24.95)

(+0.86%)

Apr 14, 2020

1960

2445

2930

3415

3900

0.195 0.005 0.195 0.170 710687 SUPERMX-C87 0.180 -0.005 2432 1.840 1.800 22.28 22/01/2021 0.130 0.020 0.040 0.040 7186WB SWSCAP-WB 0.040 -0.010 50.1 0.350 0.900 168.57 19/07/2023 0.035 0.005 0.015 0.010 1538WB SYMLIFE-WB 0.010 Unch 1041.6 0.375 0.790 113.33 11/11/2020 0.075 0.005 0.005 0.005 6139CH TAKAFUL-CH 0.005 Unch 400 3.490 6.680 92.41 08/05/2020 0.075 0.005 0.015 0.010 6139CL TAKAFUL-CL 0.010 Unch 522 4.240 6.000 42.92 26/08/2020 0.080 0.005 0.050 0.040 6139CM TAKAFUL-CM 0.045 Unch 720.5 4.240 5.300 31.37 30/11/2020 0.065 0.010 0.065 0.065 6139CN TAKAFUL-CN 0.065 0.010 24.7 4.240 5.300 35.73 20/11/2020 0.030 0.005 0.010 0.010 2429WB TANCO-WB 0.010 -0.005 1220.2 0.055 0.050 9.09 23/08/2021 0.055 0.010 0.050 0.025 7097WA TAWIN-WA 0.030 -0.010 57638.9 0.065 0.200 253.85 05/08/2022 0.295 0.080 0.135 0.125 5289WA TECHBND-WA 0.125 -0.005 247.3 0.575 0.760 53.91 24/02/2025 0.165 0.005 0.050 0.025 534760 TENAGA-C60 0.040 0.015 318.2 12.240 12.284 3.49 30/04/2020 0.135 0.010 0.025 0.020 534762 TENAGA-C62 0.025 0.010 0.2 12.240 14.280 19.02 30/06/2020 0.080 0.005 0.015 0.010 534765 TENAGA-C65 0.015 0.005 649 12.240 13.627 12.51 30/06/2020 0.070 0.020 0.055 0.035 534769 TENAGA-C69 0.055 0.025 0.4 12.240 13.915 18.43 19/06/2020 0.120 0.010 0.070 0.060 534770 TENAGA-C70 0.070 0.020 361 12.240 12.668 10.08 09/11/2020 0.090 0.015 0.090 0.085 534771 TENAGA-C71 0.085 0.015 102 12.240 12.476 7.26 30/10/2020 0.160 0.060 0.155 0.155 534772 TENAGA-C72 0.155 Unch 150 12.240 12.476 15.29 11/09/2020 0.125 0.045 0.125 0.110 534773 TENAGA-C73 0.125 0.025 85 12.240 12.361 10.79 30/11/2020 0.150 0.010 0.015 0.010 7889WB THRIVEN-WB 0.010 -0.005 224.6 0.190 0.480 157.89 05/10/2020 0.125 0.105 0.125 0.125 5031CQ TIMECOM-CQ 0.125 0.020 100 9.770 10.500 20.27 25/11/2020 0.230 0.005 0.050 0.025 486348 TM-C48 0.050 0.030 231.2 3.940 3.750 1.52 30/04/2020 0.170 0.025 0.035 0.030 486351 TM-C51 0.035 0.010 0.2 3.940 4.580 21.57 30/06/2020 0.135 0.025 0.045 0.045 486357 TM-C57 0.045 0.005 32 3.940 3.880 4.19 15/05/2020 0.115 0.030 0.035 0.035 486358 TM-C58 0.035 0.005 10 3.940 4.180 10.53 29/05/2020 0.160 0.070 0.100 0.100 486362 TM-C62 0.100 0.010 250 3.940 4.180 16.24 17/07/2020 0.090 0.050 0.090 0.085 486363 TM-C63 0.090 0.010 250.7 3.940 4.880 32.99 11/09/2020 0.155 0.010 0.025 0.025 7285WA TOMYPAK-WA 0.025 0.005 11.5 0.360 0.930 165.28 21/06/2021 0.280 0.040 0.270 0.265 711357 TOPGLOV-C57 0.265 Unch 546.6 6.750 5.180 0.30 30/06/2020 0.395 0.050 0.380 0.375 711360 TOPGLOV-C60 0.375 0.010 3 6.750 4.880 0.07 08/05/2020 0.420 0.045 0.410 0.405 711363 TOPGLOV-C63 0.405 0.015 150.5 6.750 4.750 0.37 30/07/2020 0.495 0.175 0.480 0.475 711365 TOPGLOV-C65 0.480 0.010 96.5 6.750 4.500 2.22 07/12/2020 0.480 0.200 0.470 0.465 711366 TOPGLOV-C66 0.465 0.010 385.2 6.750 4.500 1.11 30/10/2020 0.560 0.285 0.535 0.535 711367 TOPGLOV-C67 0.535 -0.005 10 6.750 5.000 5.78 16/10/2020 0.155 0.065 0.150 0.145 711368 TOPGLOV-C68 0.150 0.010 190.3 6.750 6.200 11.85 27/10/2020 0.165 0.075 0.160 0.155 711369 TOPGLOV-C69 0.155 Unch 189.8 6.750 6.880 20.30 18/12/2020 0.235 0.095 0.235 0.230 711370 TOPGLOV-C70 0.230 -0.005 112 6.750 5.600 6.81 30/11/2020 0.285 0.135 0.275 0.270 711371 TOPGLOV-C71 0.270 Unch 80 6.750 5.880 11.11 15/01/2021 0.200 0.070 0.190 0.185 711372 TOPGLOV-C72 0.185 Unch 2495.2 6.750 5.880 6.30 20/11/2020 0.185 0.035 0.050 0.050 7173WB TOYOINK-WB 0.050 -0.005 33.5 0.580 1.500 167.24 06/11/2023 0.120 0.005 0.005 0.005 5042WB TSRCAP-WB 0.005 Unch 20 0.250 0.700 182.00 28/12/2020 0.120 0.005 0.005 0.005 458822 UMW-C22 0.005 Unch 900 2.200 4.200 92.05 07/12/2020 0.090 0.010 0.040 0.035 0060WB VC-WB 0.040 Unch 463.5 0.085 0.150 123.53 06/05/2024 0.170 0.025 0.060 0.050 5243WA VELESTO-WA 0.055 -0.005 11965.8 0.155 0.395 190.32 18/10/2024 0.600 0.040 0.165 0.145 7240WA VERTICE-WA 0.145 Unch 93.4 0.325 0.500 98.46 31/03/2024 0.470 0.090 0.290 0.260 0120WB VIS-WB 0.270 Unch 3782.5 0.390 0.750 161.54 16/11/2022 0.010 0.005 0.005 0.005 0069WE VIVOCOM-WE 0.005 Unch 2020 0.020 0.050 175.00 22/08/2023 0.670 0.035 0.175 0.135 7070WC VIZIONE-WC 0.165 0.040 3749.1 0.360 0.700 140.28 05/02/2022 0.155 0.005 0.010 0.010 696320 VS-C20 0.010 Unch 140 0.925 1.280 40.54 30/06/2020 0.095 0.005 0.005 0.005 696326 VS-C26 0.005 Unch 350 0.925 1.480 61.08 30/07/2020 0.160 0.005 0.025 0.020 696327 VS-C27 0.025 0.005 2135.1 0.925 1.300 47.30 07/12/2020 0.060 0.020 0.055 0.050 696328 VS-C28 0.050 -0.005 326 0.925 1.380 63.24 09/10/2020 0.270 0.080 0.135 0.125 3565WF WCEHB-WF 0.135 0.005 217.9 0.225 0.390 133.33 18/11/2029 0.200 0.005 0.015 0.010 9679WE WCT-WE 0.010 -0.005 2676.1 0.460 2.080 354.35 27/08/2020 0.150 0.020 0.050 0.035 0197WA WEGMANS-WA 0.040 -0.005 611.7 0.160 0.300 112.50 13/01/2022 0.290 0.050 0.140 0.135 0162WA WIDAD-WA 0.140 Unch 162 0.330 0.350 48.48 05/08/2023 0.150 0.040 0.075 0.065 7245WA WZSATU-WA 0.065 0.010 590.1 0.125 0.380 256.00 28/10/2024 0.025 0.005 0.010 0.005 5156WD XDL-WD 0.005 Unch 35279.9 0.070 0.180 164.29 17/01/2022 0.015 0.005 0.015 0.010 0165WB XOX-WB 0.015 Unch 1806.4 0.025 0.060 200.00 03/03/2023 0.140 0.005 0.010 0.005 7293C2 YINSON-C2 0.010 Unch 3421.8 5.280 6.750 29.17 29/05/2020 0.023 0.005 0.015 0.010 7293C6 YINSON-C6 0.010 Unch 34.3 5.280 7.500 43.37 30/09/2020 0.220 0.010 0.050 0.040 7293C7 YINSON-C7 0.050 0.020 881.2 5.280 6.250 24.05 30/10/2020 0.195 0.015 0.045 0.035 7293C8 YINSON-C8 0.045 0.015 830 5.280 6.800 34.75 27/10/2020 0.175 0.005 0.015 0.005 7066WA YONGTAI-WA 0.010 0.005 9942.2 0.075 0.500 580.00 24/06/2020 0.090 0.005 0.030 0.030 674211 YTLPOWR-C11 0.030 0.005 60 0.665 0.650 9.02 07/08/2020


Index futures

FUTURES FAIR VALUECONTRACT DAYS TO EXPIRY KLIBOR DIVIDEND FAIR VALUE

FUTURES ROLL OVER BID OFFER CLOSE

APR/MAY -6.5 -7.5 -7.5

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

CPO futures

APR/MAY 6APR/JUN 51APR/JUL 73MAY/JUN 45

CPO FUTURES INDICATIVE ROLL-OVER

CPO/SOYOIL FUTURES BASIS (USD)CURRENT -119.573 MONTHS AVERAGE -118.946 MONTHS AVERAGE -118.91

OPEN CHANGE INCONTRACT LAST CHANGE VOLUME INTEREST OPEN INTEREST

MAY-20 2,306 18 593 7,009 -387JUN-20 2,259 9 15,806 48,239 9JUL-20 2,242 10 10,132 45,052 706AUG-20 2,223 1 3,625 22,950 848SEP-20 2,217 10 2,431 23,995 251

Palm oil prices rise on fi rmer DCE oil prices

SGS & ITS EXPORT ESTIMATES (TONNES)SHIPMENT DAYS

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

JAN’20 FEB’20 MAR’20

457/456 323/364 335/352 585/569 529/512 511/502 766/739 744/820 NA/654 1,015/1,012 970/981 NA/866 1,220/1,232 1,076/1,082 NA/1,156

MALAYSIAN PALM OIL BOARD

PRODUCTIONEXPORT STOCKS

FKLI

Index points Open Interest

Jan 4, 2010

2000

24000

46000

68000

90000

1100

1320

1540

1760

1980 1,380.00(+8.00)

Apr 15, 2020

CPO futures

FBM KLCI futures

Malaysian palm oil futures ended higher yesterday, in line with gains in China’s Dalian Commodity Exchange (DCE) oil prices, although weaker crude prices and falling exports due to Covid-19-led lockdowns capped gains. The benchmark palm oil contract for June delivery on Bursa Malaysia Derivatives Exchange rose RM9 or 0.4% to RM2,259 per tonne. Palm oil had climbed as much as 2.4% during the session, but retreated after oil prices fell 4% following reports of persistent oversupply and collapsing demand. Weaker crude oil futures make palm a less attractive option for biodiesel feedstock. Malaysia’s palm oil exports from April 1 to April 15 fell between 3.6% and 6% according to data by cargo surveyors. “Th ere are signs of an increase in shipment for Ramadan season. However, overall demand for palm oil remains relatively weak,” said Oscar Tjakra, senior analyst at Rabobank’s RaboResearch Food and Agribusiness. Meanwhile, oil prices gained as investors looked for bargains after the previous session’s slump and on hopes that consuming countries will look to fi ll their strategic reserves. DCE’s most active soyoil contract rose 0.18%, while its palm oil contract gained 0.69%. Soyoil prices on the US Chicago Board of Trade fell 0.66%. Palm oil is aff ected by price movements in related oils as they compete for a share in the global vegetable oils market. — Reuters

DEC’19 JAN’19 FEB’20 MAR’20

1,808 1,166 1,290 1,397 1,383 1,214 1,082 1,181 3,215 1,755 1,680 1,729

MPOB FFB REF PRICE (MILL GATE PRICE)

NORTH 20.00% 475 19.00% 453 18.00% 430SOUTH 20.00% 485 19.00% 462 18.00% 439CENTRAL 20.00% 479 19.00% 456 18.00% 434EAST COAST 20.00% 476 19.00% 454 18.00% 431SABAH 22.00% 464 21.00% 443 20.00% 423SARAWAK 22.00% 468 21.00% 447 20.00% 426

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

(IN RM/TON) APR’20 MAY’20 JUNE’20

CPO DELD 2,313.50 2,306.00 NO TRADEPK EX-MILL NO TRADE NO TRADE NO TRADECPKO DELD 2,811.00 2,827.50 NO TRADERBD P.OIL FOB NO TRADE NO TRADE NO TRADERBD P.OLEIN FOB NO TRADE NO TRADE NO TRADERBD P. STEARIN FOB NO TRADE NO TRADE NO TRADE

MPOB palm oil physical

and a sharp decline in oil prices off set a key interest rate cut by the Chinese central bank. — Agencies

CPO & Open Interest

CPO RM/tonne Open Interest

Jan 6, 2008 Apr 15, 2020

10000

57500

105000

152500

200000

1200

1950

2700

3450

4200

2,259(+9)

CPO vs Soyoil

CPO RM/tonne Soyoil US$/Ibs

Jan 6, 2008 Apr 15, 2020

0.2724(RM2,605/tonne)

2,259(+9) 0.000

0.175

0.350

0.525

1100

2425

3750

5075

6400 0.700

Th e FBM KLCI futures contracts on Bursa Malaysia Derivatives ended higher yesterday, tracking the upward momentum in the underlying cash market. At the close of trade, spot months April 2020 and May 2020 advanced eight points each to 1,380 and 1,372.5 respectively; while June 2020 and September 2020 bagged 12 points each to 1,368.5 and 1,359 respectively. Turnover increased to 11,159 lots from 9,750 lots on Tuesday, while open interest widened to 36,037 contracts from 34,616 contracts. The FBM KLCI finished 16.13 points higher at 1,387.79. Southeast Asian stocks ended mixed yesterday, with losses led by Indonesia and Th ailand, as warnings of a global recession

KLCI futures up on upward momentum cash market

Long Rolls - KLCI futures

Index points

Jan 4, 2010

-7.50(+0.50)

Apr 15, 2020

-35.00

-21.75

-8.50

4.75

18.00

FBMKLCI 1,387.79 16.13 114.4M APR 20 1,380.00 8.00 10,614 34,064 748MAY 20 1,372.50 8.00 263 612 58JUN 20 1,368.50 12.00 116 818 12SEP 20 1,359.00 12.00 166 543 13TOTAL 11,159 36,037 831

APR 20 16 1.52 0.89 0.63MAY 20 45 4.46 3.33 1.13ROLL’S FAIR 0.50

World index

Rubber - M’sia SMR 20

Sen/Kg

Jan 7, 2007 Apr 15, 2020

200

625

1050

1475

1900

476.00(+1.50)

Centrifuged Latex

Sen/Kg

Jan 7, 2007

414.00(+1.50)

Apr 15, 2020

300

500

700

900

1100

Crude Oil

US$/bbl

Apr 10, 2007 Apr 15, 2020

19.61(-0.50)

10.00

46.25

82.50

118.75

155.00

Gold

US$/troy oz

Aug 31, 2008 Apr 15, 2020

700

1020

1340

1660

19801,739.30

(-19.80)

Commodities

THURSDAY APRIL 16, 2020 • THEEDGE FINANCIAL DAILY 2 4

Markets Y O U R D A I L Y F I N A N C I A L M A R K E T S R O U N D U P

RESEARCH: TAI TS [[email protected]]

CONTRACT SETTLEMENT CHANGE HIGH LOW

KLCI CHANGE CLOSE VOLUME POINTS (RM) (RM) ('000)PETRONAS CHEMICAL 3.15 0.250 5.420 6314.9IHH HEALTHCARE 1.93 0.140 5.230 3548.9MAYBANK 1.06 0.060 7.640 7220.0MISC 0.91 0.130 7.850 3350.6TENAGA NASIONAL 0.90 0.100 12.240 4752.3PRESS METAL 0.89 0.140 3.900 2276.8SIME DARBY 0.86 0.080 1.880 6128.4MAXIS 0.74 0.060 5.300 2718.6DIGI.COM 0.73 0.060 4.510 2649.6MALAYSIA AIRPORT 0.71 0.270 5.190 9227.0HARTALEGA 0.69 0.130 7.600 8278.1IOI CORPORATION 0.59 0.060 3.910 3324.1DIALOG GROUP 0.53 0.060 3.230 6863.6NESTLE MALAYSIA 0.52 1.400 139.000 78.1PETRONAS DAGANG 0.34 0.220 21.520 315.1K.LUMPUR KEPONG 0.34 0.200 21.000 382.3SUB-TOTAL 14.89 OTHERS 1.24 GRAND TOTAL 16.13

1,391.50 1,367.00 1,383.50 1,360.00 1,378.00 1,352.50

Market movers

DOW JONES 23,949.76 558.99S&P 500 2,846.06 84.43NASDAQ 100 8,692.16 359.42FTSE 100 5,791.31 -51.35AUSTRALIA 5,466.70 -21.40CHINA 2,811.17 -16.11HONG KONG 24,145.34 -290.06INDIA 30,379.81 -310.21

INDONESIA 4,625.91 -80.59JAPAN 19,550.09 -88.72KOREA 1,857.08 31.32PHILIPPINES 5,946.05 165.17SINGAPORE 2,605.56 -29.01TAIWAN 10,447.21 114.27THAILAND 1,236.10 -20.25VIETNAM 777.22 9.81

CLOSE CHANGE CLOSE CHANGE

World equity indices

TURNOVER CHANGE CHANGE PRICE PE DIVIDEND (‘000) (RM) (%) (RM) RATIO YIELD (%)

Daily top 20 active stocks

PANAMY 29.300 1.800NESTLE 139.000 1.400HEIM 24.000 0.800TIMECOM 9.770 0.520DLADY 45.020 0.500CARLSBG 27.000 0.400BURSA 5.700 0.330F&N 31.300 0.300YINSON 5.280 0.280AIRPORT 5.190 0.270FANG-2XL 4.170 0.260PCHEM 5.420 0.250

FBMKLCI-H8X 0.780 -0.450FBMKLCI-H8Y 0.740 -0.300HSI-C9R 0.145 -0.220HSI-HAD 0.350 -0.145DKLS 1.490 -0.140KESM 8.070 -0.120TAKAFUL 4.240 -0.120PENTA 3.760 -0.110KLUANG 3.150 -0.100FANG-1XI 0.470 -0.090IBRACO 0.470 -0.090GAMUDA 3.150 -0.080

Top gainers and losers (ranked by RM)

DOMINAN-WA 0.015 200.00TM-C48 0.050 150.00DIALOG-C54 0.035 133.33BAUTO-C8 0.010 100.00FBMKLCI-C7X 0.020 100.00FGV-C90 0.010 100.00GENM-C68 0.010 100.00HSI-C9P 0.020 100.00MAYBANKC61 0.030 100.00MERIDIAN-WB 0.010 100.00MTOUCHE-WC 0.010 100.00MYEG-C85 0.020 100.00

EKOVEST-C8 0.005 -75.00HSI-C9R 0.145 -60.27DRBHCOMC95 0.005 -50.00FGV-C89 0.005 -50.00GTRONIC-C2 0.020 -50.00HIAPTEK-WB 0.010 -50.00HSI-C7L 0.005 -50.00HSI-C7M 0.005 -50.00HSI-C7Y 0.005 -50.00HSI-C9A 0.005 -50.00PHB 0.005 -50.00GAMUDA-C78 0.035 -46.15

UP CHANGE CLOSE (%)

DOWN CHANGE CLOSE (%)

UP CHANGE CLOSE (RM)

DOWN CHANGE CLOSE (RM)

Top gainers and losers (ranked by percentage)

FBM KLCI & KLCI futures intraday

Daily FBM KLCI

FBM KLCI sensitivity*

FBM KLCI futures

DOMINAN-WA 0.015 200.00TM-C48 0.050 150.00DIALOG-C54 0.035 133.33BAUTO-C8 0.010 100.00FBMKLCI-C7X 0.020 100.00FGV-C90 0.010 100.00GENM-C68 0.010 100.00HSI-C9P 0.020 100.00MAYBANKC61 0.030 100.00MERIDIAN-WB 0.010 100.00MTOUCHE-WC 0.010 100.00MYEG-C85 0.020 100.00

EKOVEST-C8 0.005 -75.00HSI-C9R 0.145 -60.27DRBHCOMC95 0.005 -50.00FGV-C89 0.005 -50.00GTRONIC-C2 0.020 -50.00HIAPTEK-WB 0.010 -50.00HSI-C7L 0.005 -50.00HSI-C7M 0.005 -50.00HSI-C7Y 0.005 -50.00HSI-C9A 0.005 -50.00GAMUDA-C78 0.035 -46.15ANZO-WB 0.015 -40.00

UP CHANGE CLOSE (%)

DOWN CHANGE CLOSE (%)

Top gainers and losers - warrants (ranked by percentage)

MTOUCHE 190,525 21.43 0.015 0.085 0.105 0.080SERBADK-WA 114,949 16.67 0.040 0.280 0.300 0.235YONGTAI 79,522 50.00 0.025 0.075 0.085 0.055TAWIN 74,938 18.18 0.010 0.065 0.090 0.060TALAMT 67,990 0.00 0.000 0.020 0.025 0.020MRCB-WB 64,957 3.85 0.005 0.135 0.150 0.125XOX 61,827 0.00 0.000 0.025 0.030 0.020MTOUCHE-WC 59,072 100.00 0.005 0.010 0.015 0.005HSI-C9J 57,957 -16.28 -0.035 0.180 0.235 0.175TAWIN-WA 57,639 -25.00 -0.010 0.030 0.050 0.025HSI-H8M 53,428 18.18 0.040 0.260 0.260 0.190DSONIC-WA 48,766 -3.37 -0.015 0.430 0.460 0.420PARKSON 48,734 -9.52 -0.010 0.095 0.120 0.095GAMUDA-WE 45,451 -6.45 -0.010 0.145 0.160 0.140SUPERMX 39,150 5.75 0.100 1.840 1.870 1.750LAMBO-WB 38,569 0.00 0.000 0.010 0.010 0.005

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

Table above is from Reuters Volume break 3x 5-day average volume, meaning the total number of shares traded for a particular counter on the previous trading day is more than triple the average volume for the last 5 trading days. The table captures the build-up of interest in these companies and is thus a gauge of market expectations for these counters.

UNUSUAL MARKET ACTIVITIES

* How stock price changes affected the index on the previous trading day

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Moving average - 20-dayKL Composite Index

Volume (’mil)

Jan 2, 2008 Apr 15, 2020

1,387.79(+16.13)

1,332.47

820.0

1122.5

1425.0

1727.5

2030.0

0

300

600

900

1367.0

1369.9

1372.8

1375.7

1378.6

1381.5

1384.4

1387.3

1390.2

1393.1

1396.0

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

Index pointKL Composite Index

KLCI futures

1,380.00(+8.00)

1,387.79(+16.13)

APR 20 1,380.00 8.00MAY 20 1,372.50 8.00JUN 20 1,368.50 12.00

No matter what anybody tells you, words and ideas can change the world. — John Keating

MTOUCHE 190,524.6 0.015 21.43 0.085 — 0.00MINETEC 143,275.8 0.005 2.00 0.255 — 0.00SAPNRG 138,110.4 -0.005 -4.76 0.100 — 2.44SERBADK-WA 114,949.2 0.040 16.67 0.280 — 0.00HIBISCS 107,450.1 -0.020 -4.04 0.475 5.33 0.00MCT 100,875.2 -0.010 -5.41 0.175 6.36 0.00VC 95,972.5 -0.005 -5.56 0.085 — 0.00ARMADA 85,879.0 UNCH UNCH 0.175 17.50 1.07LAMBO 84,843.6 UNCH UNCH 0.020 4.17 0.00SANICHI 81,347.5 UNCH UNCH 0.045 — 0.00YONGTAI 79,522.3 0.025 50.00 0.075 — 0.00DGB 78,093.2 -0.005 -20.00 0.020 — 0.00TAWIN 74,937.9 0.010 18.18 0.065 — 0.00TALAMT 67,989.9 UNCH UNCH 0.020 3.33 0.00MYEG 66,432.4 0.030 2.97 1.040 14.23 1.88MRCB-WB 64,957.4 0.005 3.85 0.135 — 0.00FINTEC 63,753.6 -0.005 -10.00 0.045 0.18 0.00XOX 61,826.9 UNCH UNCH 0.025 — 0.00MTOUCHE-WC 59,072.1 0.005 100.00 0.010 — 0.00HUBLINE 58,404.8 0.005 11.11 0.050 25.00 0.00

KUALA LUMPUR:Th e FBM KLCI closed up 16.13 points to 1,387.79 yesterday, while share trade volume across Bursa Malaysia rose past fi ve billion units, as markets took cue from factors including US equities’ Tuesday overnight rise and after the US Department of Justice (DoJ) said it repatriated to Malaysia some US$300 million in additional funds misappropriated from 1Malaysia Development Bhd (1MDB). Th e International Monetary Fund’s (IMF) latest World Economic Report, which included forecast for Malaysia’s gross domestic product and unemployment rate, might have also infl uenced Malaysia share trades yesterday as the fund weighed the economic impact of the Covid-19 pandemic. The IMF said in the summary of the report that the Covid-19 pandemic is inflicting high and rising human costs worldwide, and the necessary protection measures are severely impacting economic activity. As a result of the pandemic, the global economy is projected to contract sharply by –3% in 2020, much worse than during the 2008–2009 financial crisis, according to the IMF. Across Bursa, 5.54 billion shares worth RM2.73 billion were traded. Th ere were 535 gainers and 373 decliners across the exchange. Top gainers included shares in Bursa Malaysia Bhd, Yinson Holdings Bhd, and Malaysia Airports Holdings Bhd. TA Securities Holdings Bhd wrote in a note: “Further signs of stability on the Covid-19 outbreak, less dire economic and corporate numbers and recovery in global oil prices will be crucial to sustain further gains from current [KLCI] levels.” — by theedgemarkets.com

KLCI up as IMF adds perspective to Covid-19-driven markets

W O R L D I N D E X . C O M M O D I T I E S . F U T U R E S PA G E 2 3

B U R SA M A L AY S I A E Q U I T Y D E R I VAT I V E S PA G E 2 2

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 1 9

KLCI 1,387.79 16.13 FBM ACE 4,307.79 35.66 FTSTI 2,605.56 29.01 NIKKEI 19,550.09 88.72 HANG SENG 24,145.34 290.06 DOW JONES 23,949.76 558.99

THURSDAY APRIL 16, 2020 ISSUE 3110/2020 FINANCIAL DAILY · Art Director Sharon Khoh Chief Graphic...

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