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TUESDAY MARCH 24, 2020 ISSUE 3093/2020

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

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

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

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

Short selling suspended on Bursa amid virus-driven volatility

National Security Council to decide on extension of MCO — PM

Banks earnings will be hit but able to weather the storm — RAM

Shopping mall industry could lose over RM750m during MCO

US Fed signals unlimited QE, adds aid for companies, municipalities5 H O M E B U S I N E S S

HEALTH MINISTRY DIRECTOR-GENERAL DATUK DR NOOR HISHAM ABDULLAH’S FACEBOOK PAGE

HELP OUR HEALTHCARE WORKERS AN APPEAL TO CORPORATE MALAYSIA

HELP OUR HEALTHCARE

HEROESSee Page 2.

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Comprehensive economic stimulus packageto be unveiled next Monday, says Muhyiddin

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

2 TUESDAY MARCH 24, 2020 • THEEDGE FINANCIAL DAILY

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How bad can it get?

BY T H E E D G E

Help our healthcare heroes

The Edge Communications Sdn Bhd (266980-X)

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

Publisher and Group CEO Ho Kay Tat

EDITORIAL

For News Tips/Press ReleasesTel: 03-7721 8219 Fax: 03-7721 8038Email: eeditor@bizedge.com

Editor-in-Chief Azam ArisExecutive Editors Ooi Inn Leong, Kathy Fong, Jenny Ng, Diana KhooSenior Editors Cindy Yeap, Jose Barrock, Kang Siew Li, Joyce GohAssociate Editors R B Bhattacharjee, Vasantha Ganesan, Adeline Paul Raj Deputy Editor Tan Choe Choe Assistant Editors Khairie Hisyam Aliman, Kanagaraju S SithambaramChief Copy Editor Felyx TeohAssistant Chief Copy Editor Melanie ProctorAssociate Copy Editor Teoh Hock SiewCopy Editors Tham Kid Cheng,Tham Yek LeeArt Director Sharon KhohChief Graphic Designer Cheryl LohDesign Team Valerie Chin, Mohd Yusry, Aaron Boudville, Aminullah Abdul Karim, Noorain Duasa, Tun Mohd Zafi an Mohd Za’abah

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To advertise contactGL: (03) 7721 8000 Fax: (03) 7721 8288Chief Commercial Offi cer Sharon Teh (012) 313 9056General Manager

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KUALA LUMPUR: Th e Edge Media Group is rallying Corporate Malay-sia to make monetary contribu-tions to support the fi ght against the Covid-19 health crisis.

As the country’s medical facili-ties and healthcare workers are un-der a lot of stress, Th e Edge hopes Corporate Malaysia and the larg-er business community will rally around them by contributing to ei-ther or both of the following funds:

1) Th e Edge Covid-19 Equip-ment Fund: Money will be used to buy medical equipment like pro-tective suits, masks and ventilators.

2) Th e Edge Covid-19 Health Care Workers Support Fund: Mon-ey will be used to give financial assistance to healthcare workers who are infected while caring for Covid-19 patients.

Finance Minister Tengku Datuk Seri Zafrul Tengku Abdul Aziz, in lauding the initiative, thanked those who have come forward to donate and urged others to help out despite the challenging business environ-ment caused by Covid-19.

"Th e economic problems we face can be solved faster once the health crisis is contained, so that businesses can reopen and people can go back to work and lead normal lives,” he said. “Whatever help the corporate world and individual business people can provide to our hospital staff , doctors and nurses is much appreciated.”

Explaining the need for two dif-ferent funds, Th e Edge Media Group publisher and chief executive of-fi cer Datuk Ho Kay Tat said:

“Th e fi rst line of defence in the fi ght against Covid-19 in our hospi-tals is manned by doctors and nurs-es and Fund 1 will be used to help equip them to do their job well and that they are safe. Th ey can’t be cut-ting plastic bags to use as protection suits and masks. Of course, it is in-evitable some will be infected by the virus, and that’s when Fund 2 kicks in to provide fi nancial assistance to them. We must show our healthcare workers that while we can’t be with them, they are not alone.”

Ho said that within two days after it decided to launch the initi-ative, RM15.55 million was raised.

“We have received commitments of RM8.3 million for Th e Edge Cov-id-19 Equipment Fund and RM7.25 million for Th e Edge Covid-19 Health Care Workers Support Fund,” said Ho.

“We thank those who have come forward so quickly and hope others will also support this initiative. Now is the time for all Malaysians to come together and Corporate Malaysia has an important role to play.”

Among those who have made pledges (see the donor list) is the Associated Chinese Chambers of Commerce and Industry of Ma-laysia (ACCCIM), which is giving RM1 million to each of the funds or a total of RM2 million.

ACCCIM president Tan Sri Ter Leong Yap said:

“It is time for all Malaysians to stay united. Th e government and people’s shared responsibility and cooperation are crucial to eff ec-tively combat Covid-19. We urge Malaysians to have full faith in the government, and pledge our full

support to the front-line medical personnel and healthcare workers for their big sacrifi ces and dedica-tion in fi ghting the virus.”

Both funds will be administered by Th e Edge.

Ho said the funds will be man-aged transparently with contribu-tions and expenditures fully ac-counted for. An external auditor will be appointed to audit the accounts of both funds and the accounts will be presented to all donors.

He added that given the urgen-cy, with the help of various parties, an order for 6,000 protective suits

and 500,000 face masks was made yesterday with plans for more once their availability is confi rmed.

“We are also sourcing for venti-lators and hope to confi rm the or-der soon,” he said. “Every country is looking for ventilators and other medical equipment as the number of cases is rising. We have to move fast to secure what we can. Please come forward to donate.”

For enquiries, please email corpcomm@bizedge.com or call 03-7721 8192.

Tengku Zafrul Ter Ho

• RM15.55 million raised over the weekend• RM8.3 million to buy medical equipment• RM7.25 million to assist healthcare workers who are infected by Covid-19 in the line of duty

HEALTH MINISTRY DIRECTOR-GENERAL DATUK DR NOOR HISHAM ABDULLAH’S FACEBOOK PAGE

DONORS LIST

THE EDGE COVID-19 EQUIPMENT FUND

1. Associated Chinese Chambers of Commerce and Industry of Malaysia (ACCCIM) RM1 mil2. Anonymous RM500,0003. Dialog Group Bhd RM500,0004. ECM Libra Foundation RM500,0005. Magnum Corp Bhd RM500,0006. Matrix Concepts Holdings Bhd RM500,0007. OSK Foundation RM500,0008. Perdana Parkcity Sdn Bhd RM1 million9. Press Metal Aluminium Holdings Bhd RM500,00010. QL Resources Bhd RM500,00011. The Edge Communicatons Sdn Bhd RM100,00012. TSH Resources Bhd RM100,00013. YTL Power International Bhd RM500,00014. Tan Sri David Cheng and Datuk Allan Lim (GPL Group Sdn Bhd) RM500,00015. Datuk Seri Nazir Razak RM500,00016. Datuk Tong Kooi Ong (UPP Pulp & Paper (M) Sdn Bhd) RM500,00017. Yvonne Lam RM100,000Total RM8.3 mil

THE EDGE COVID-19 HEALTH CARE WORKERS SUPPORT FUND

1. Affin Hwang Asset Management Bhd RM250,0002. Associated Chinese Chambers of Commerce and Industry of Malaysia (ACCCIM) RM1 mil3. Dialog Group Bhd RM500,0004. FWD Group RM2 mil5. Hartalega Foundation RM1 mil6. IJM Corp Bhd RM1 mil7. Magnum Corp Bhd RM500,0008. Newfields Advisors Sdn Bhd RM250,0009. Press Metal Aluminium Holdings Bhd RM500,00010. Rexit Bhd RM250,000Total RM7.25 mil

H O M E B U S I N E S S 3TUESDAY MARCH 24, 2020 • THEED G E FINANCIAL DAILY

Economic stimulus package to be unveiled next MondayTh e initiatives are to help alleviate the people’s burden in facing the pandemic

KUALA LUMPUR: Th e ministry of fi nance (MoF) announced several measures following the Economic Action Council announcement earlier yesterday, including a tax deduction for donation and con-tributions made to the Covid-19 Fund and the ministry of health (MoH).

In a statement, Finance Minister Tengku Datuk Seri Zafrul Tengku Abdul Aziz said the ministry wel-comes the generosity of Malay-sians — both individuals and the corporate sector — in contributing and donating towards addressing the outbreak.

“The MoF would like to ac-knowledge the contributions made by the government-linked companies (GLCs), which to date amounts to RM60 million in the form of medicine, medical equipment and personal protective equipment to the MoH.

“Th e corporate sector is encour-aged to emulate the generosity of GLCs in assisting national eff orts to combat the Covid-19 outbreak. In this regard, the MoF has approved a tax deduction for contributions and donations in cash and in kind by individuals and corporates to the Covid-19 Fund and the MoH,” he said.

Last week, the government an-nounced it had set up a Covid-19 Fund, with an initial RM1 million channelled into the fund, to help unemployed Covid-19 patients and those under the 14-day quarantine. Th e fund is managed by the Nation-al Disaster Management Agency.

Meanwhile, the MoF affi rmed that there will be an exemption of import duties and sales tax for face masks, as announced by the Customs Department on Sunday, as it took note of the diffi culties in obtaining the masks due to the spike in demand. It also advised the public to avoid excessive pur-chases, to ensure adequate sup-ply for all.

It said the measures that have been implemented to date include service tax exemption for hotels eff ective March 1, the restructur-ing and rescheduling of loans by fi nancial institutions for impacted borrowers, and the RM3.3 billion soft loan fund provided by Bank Negara Malaysia to assist small and medium enterprises.

Other key measures which have been planned to take eff ect on April 1 are on schedule, said the min-istry. Th is includes the proposed deferment of monthly income tax instalments for the tourism indus-try, the reduction in the Employees Provident Fund employee contri-bution and the discount on elec-tricity charges.

A total of RM1.7 billion has been disbursed to the relevant minis-tries and agencies, out of the total allocation of RM3.2 billion under the stimulus package.

Feedback from various stake-holders will be taken, including that of the public, via the offi cial MoF portal at pre2020.treasury.gov.my.

MoF announces tax deductions for donations to Covid-19 Fund

N E W V I RU S R E L I E F

M E A S U R E S

A N N O U N C E D B Y P M

• EPF contributors under 55 can now withdraw up to RM500/month from Account 2 for 12 months (application opens in April).

• PTPTN loan repayment post-ponement extended to six months (from three months) beginning March, involving RM750 million (to benefi t 1.5 million individuals).

• Additional RM500 million allocation for MoH for equip-ment, plus RM100 million to hire additional 2,000 contract stuff , especially nurses.

• RM130 million allocated to state governments to assist small businesses, patients and frontliners.

KUALA LUMPUR: Th e ministry of health (MoH) announced that there are 212 new confi rmed cases as of noon yesterday — the highest single-day increase, bringing the tally to 1,518 cases in Malaysia.

Th e total number of infections in the country has nearly tripled in a week from 553 cases last Monday, making Malaysia the 19th country in terms of the number of con-fi rmed Covid-19 cases, based on the offi cial data from each country.

Malaysia is the Asean country with the most confi rmed infection cases currently.

Th e MoH announced four more people have died from Covid-19, bringing the total death toll to 14. Meanwhile, 20 patients have been discharged after recovering, bring-ing the total number of cured cas-es to 159.

The four deaths involved a 70-year-old man who had trav-elled overseas, another 70-year-old man who had attended the tabligh gathering at Masjid Jamek Seri Petaling, a 49-year-old man whose mother and sister also died of the infection, and a 51-year-old wom-

Covid-19 outbreak

confirmed cases

1,518Malaysia

(UPDATED 5.40PM, MARCH 23, 2020)

159 cured

14 deaths

Source: Ministry of health

2020

1,518

212

Jan 2

5

Marc

h 4

Marc

h 2

3

Malaysia’s Covid-19 positive case tally

0

50

100

150

200

250

0

304

608

912

1216

1520

New numberof cases

Total number ofpositive cases

Malaysia sees highest single-day rise in casesBY S YA F I Q A H S A L I M

an from Miri who had close contact with a tabligh participant.

In a statement, health direc-tor-general Datuk Dr Noor Hisham Abdullah said of the 212 new cases, 123 cases are linked to the Masjid Jamek Seri Petaling mosque gath-ering cluster based on the outcome of the initial investigations.

To date, 57 patients who tested positive for Covid-19 are being treat-

ed in intensive care units, with 27 needing ventilation machines, he said.

Selangor remains the highest with 354 cases, followed by Kuala Lumpur (242), Sabah (169) and Johor (158).

Noor Hisham revealed that the MoH has acquired 33 million units of personal protective equipment, plus a further three million units do-nated by various parties, which will

be distributed to various health facilities by this week.

Bernama reported that the National Security Council will be meeting before the end of the movement control order on March 31 to decide if the order should be extended beyond the initial 14 days.

Meanwhile, a more compre-hensive economic stimulus pack-age will be announced on March 30.

For individuals planning to visit a doctor, they are limited to only one accompanying partner ex-cept for child patients, those who require assistance, or emergency cases.

For further questions, the public can reach out to the MoH’s Crisis Preparedness and Response Cen-tre (CPRC) via (03) 8881 0200, (03) 8881 0600, (03) 8881 0700 from 8am to 5pm, or email cprc@moh.gov.my.

Th e public can also get further information from the MoH’s CPRC Telegram channel at https://t.me/cprckkm.

Stay at home please. We will deliver the news to you at theedge-markets.com.

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

KUALA LUMPUR: Th e prime min-ister yesterday announced sev-eral initiatives to help alleviate the people’s burden in facing the Covid-19 pandemic.

Tan Sri Muhyiddin Yassin said these initiatives were part of a more comprehensive economic stimulus package and people’s aid to be announced next Monday.

Th ey include allowing members of the Employees Provident Fund (EPF) to withdraw a maximum of RM500 from Account 2 every month for 12 months beginning April.

Th is is expected to benefi t some 12 million EPF members below the age of 55 and involve an estimated RM40 billion.

An additional allocation of RM500 million will also be ex-tended to the ministry of health (MoH) for the purchases of med-ical equipment, including ventila-tors, lab apparatus, personal pro-tective equipment and intensive care unit equipment.

“On top of this, the government has set aside RM100 million for MoH for the purpose of hiring 2,000 new staff especially nurses on a contract basis,” Muhyiddin said after chairing the second Eco-

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

nomic Action Council meeting in Putrajaya.

“Th e federal government has also agreed to channel some RM130 million to other states to help the state governments com-bat the Covid-19 pandemic. Th is can be used to assist small traders and hawkers who are badly af-fected by the outbreak, Covid-19 patients and their families, as well as state government staff tasked to overcome this crisis,” he added.

Muhyiddin gave the assur-ance that every state will receive an equal allocation regardless of the ruling coalitions, saying that preserving the security, health and lives of the people is the re-sponsibility of all, notwithstanding political diff erences.

He said the government has also decided to extend the National Higher Education Fund Corpo-ration (PTPTN) loan deferment to six months, eff ective immedi-ately instead of three months as announced previously.

“Th e deferment will last until Sept 30, involving nearly 1.5 mil-lion PTPTN loan borrowers and an estimated loan collection of RM750 million,” he added.

Apart from these initiatives, Mu-hyiddin said the government con-tinues to study additional meas-ures to help the public in facing the worsening pandemic.

He said the ministry of fi nance is formulating such measures com-prehensively, aimed at every lay-er of the society, including small traders, taxi drivers, fi shermen, farmers, factory workers and em-ployees in the private and public sectors.

“The measures, which I will announce later, will take into ac-count efforts to strengthen the country’s financial position in the medium term. I hope these meas-ures will ensure that the public’s livelihoods are more secured and the country’s economy remains strong.

“In this critical period, it is im-

perative that we stand united and remain driven in fi nding the solu-tions for every problem we are facing,” Muhyiddin said.

It is imperative that we stand united and

remain driven in fi nding the solutions for every problem we

are facing.

4 H O M E B U S I N E S S TUESDAY MARCH 24, 2020 • THEEDGE FINANCIAL DAILY

Short selling suspended on Bursa amid virus-driven volatility

Southeast Asian stocks down on recession fears sparked by virus curb

Th e suspension will take immediate eff ect and be in place until April 30

BY E M I R Z A I N U L

BY A R P I T N AYA K

BENGALURU: Southeast Asian stock markets witnessed heavy selling yesterday as the economic impact from lockdowns and trav-el curbs, meant to slow the spread of the Covid-19 pandemic, fuelled fears of a likely recession.

Amid the rising tide of lock-downs, governments have an-nounced stimulus packages and central banks across the region have eased monetary policies to shield their economies from the impact of the virus but those measures have met with little success so far.

“Th e losses seen across Asian markets are unlikely to be meaning-fully reversed anytime soon, with investors fearing a global recession amid the economic carnage left by Covid-19,” said Han Tan, a market analyst at FXTM.

“... Th e sell-off in global equities is expected to continue amid the glaring void of risk-on catalysts, while investors’ persistent clam-our for dollar should maintain the downward pressure on Asian and emerging market currencies.”

Singapore equities lost 7.4%, their

worst session in more than 11 years, after the city-state banned short-term visitors from entering its borders.

Singapore’s main price gauge slipped into defl ation for the fi rst time in over a decade in February as the virus has dented air travel and holiday spending.

Flag-carrier Singapore Airlines plunged 11% to the lowest in over two decades on plans to ground nearly its entire fl eet due to travel restrictions.

Th e Th ai index ended 9.1% lower in a low-volume trading session af-ter triggering a circuit breaker that halted trading for thirty minutes.

Indonesian stocks fell 4.9% after hitting circuit breakers fi ve times in eight sessions.

Malaysian shares dropped 3.3% after the government said it may consider extending movement re-strictions by up to two weeks, even as the army was roped in to enforce a partial lockdown in the country.

The Philippine bourse pared early losses but still ended 0.7% down as the central bank unveiled a US$5.8 billion (RM25.75 billion) programme to blunt the economic impact of the virus. — Reuters

PUTRAJAYA: Th e National Securi-ty Council (MKN) will be meeting before the end of the movement control order (MCO) on March 31 to determine whether there is a need to extend it, said Prime Minister Tan Sri Muhyiddin Yassin.

“Before the MCO ends on March 31, MKN will meet on whether the measure taken was adequate or is there a need to extend it by a week or two,” he told reporters af-ter chairing an Economic Action Council meeting here yesterday.

Muhyiddin said the decision de-

pended on the level of compliance on MCO which is at almost 90%.

“But there are still some who did not obey the MCO which I hope would reach 100%,” he said.

He added that from one angle, the MCO is said to be eff ective but if movements could be reduced to the minimum, which is only for essential goods, then it is considered a success.

Muhyiddin said police and the armed forces have been or-dered to reprimand the people so that they quickly return home after buying their daily necessi-

ties or medical items.“Th ere were improvements in

the actions taken by the health ministry with the assistance of other agencies and the coopera-tion of all parties.

“Th is include the balance of the Tabligh group who have yet to come forward [for Covid-19 screening], the MCO would probably show positive signs if the data [on those who did not comply] is lower,” he said.

Muhyiddin again appealed to the people to stay at home to curb the spread of Covid-19. — Bernama

KUALA LUMPUR: Th e ringgit fell to its lowest in three years yes-terday, as the country registered 212 new Covid-infections — its highest daily jump in new cases.

At market close, the local note settled at 4.4470 against the US dollar, after weakening another 1.19% from last Friday’s session.

Year to date, the currency has fallen 8.58% against the green-back, while the US Dollar Index, which measures the currency’s value against a basket of currencies, has risen 5.62% to 101.88.

Th e ministry of health (MoH) announced yesterday that there are now a total of 1,518 confi rmed Covid-19 infections in the coun-try, with the 212 additions.

It also announced four more people have died from the pan-demic here, bringing the total death toll to 14.

Malaysia is currently the Asean country with the most confi rmed infection cases, as the number of positive cases in the country about tripled in the past week from just 553 cases last Monday, March 16.

In a note to clients yesterday, Kenanga Research wrote that the

National Security Council to decide on extension of movement control order, says Muhyiddin

Ringgit skids to three-year low

4.0

4.1

4.2

4.3

4.4

4.5

USD vs MYR

Mar 25, 2019 Mar 23, 2020

4.447

Source: Bloomberg

KUALA LUMPUR: With equities still hammered as investors rush to liquidate their portfolios in a Covid-19-driven panic, the Secu-rities Commission Malaysia (SC) and Bursa Malaysia have decided to temporarily suspend short sell-ing of equities to mitigate further volatility in the market.

Th e suspension will take imme-diate eff ect and be in place until April 30, 2020, the capital market regulators said in a joint statement

yesterday, as part of their proactive measures to mitigate potential risks arising from heightened volatility and global uncertainties.

Th e suspension will involve in-traday short selling and restricted short selling, as well as intraday short selling by proprietary day traders. Th e suspension does not apply to permitted short selling, they said.

“We continue to observe trad-ing activities in this exceptionally volatile global and market environ-ment. We will assess the situation

and consider the necessary addi-tional precautionary measures, as appropriate, to support an orderly market,” said SC chairman Da-tuk Syed Zaid Albar in the same statement.

“This remains a short-term measure to provide stability and confi dence. We remain committed to ensuring a conducive trading environment in our marketplace,” said Bursa chief executive offi cer Datuk Muhamad Umar Swift.

Short selling occurs when an investor borrows a security to sell

it on the open market, with the plan to buy it later at a cheaper price. Quite simply, short-sellers bet on and profi t from a drop in the security’s price.

Notwithstanding the short sell-ing suspension, the SC and Bursa reiterated their stance that markets need to remain open during the movement control order period to ensure a continued and relia-ble access to the Malaysian capital market, which they said is vital for immediate and long-term market confi dence.

Last week, the SC announced that Malaysia’s capital markets, in-cluding Bursa Malaysia, will operate as usual during the 14-day partial lockdown until March 31.

It also said the wider market will continue trading to enable investors to manage their risks and opportunities during this period.

In a separate statement then, Bursa said it has the necessary in-frastructure, rules and processes to safeguard and maintain a fair and orderly marketplace.

ringgit’s downtrend is expected to remain as the MoH predicted that the Covid-19 situation would wors-en, with tighter enforcement of the movement control order exerting pressure on the economy.

However, the anticipation of a weaker US dollar would probably provide support for the ringgit, it said.

“Th e US dollar upside momen-tum is fading, prompting ringgit to likely rebound slightly by 0.64% against the greenback this week from its closing price of 4.395 last Friday.

“We see immediate support at 4.330, though a break below 4.266 could be a tipping point. On the up-side, a break above 4.436 is needed

for a US dollar rally to take shape,” the research house said in a note, according to Bernama.

However, the anticipation of a weaker US dollar would probably provide support for the ringgit, it said.

Th e ringgit sank to 4.4470 against the greenback at the time of writ-ing, as it further weakened from last Friday’s close of 4.3947/4012 as investors adopt a wait-and-see attitude amid the deepening Cov-id-19 pandemic. — Bernama

Global indices INDEX YEAR-TO-DATE MONTH-TO-DATE LAST CHANGE (%) CHANGE (%) LEVEL

PSEi -39.3 -30.1 4,743.37 JCI -36.7 -26.8 3,989.52 SET -35.2 -23.1 1,024.46 Kospi -32.5 -25.4 1,482.46 Straits Times -30.7 -25.8 2,233.48 Nikkei -28.6 -20.1 16,887.78 Hang Seng -23.0 -17.0 21,696.13 FBM KLCI -20.7 -15.0 1,259.88 SSE Composite Index -12.8 -7.6 2,660.17

The US dollar upside momentum is fading, prompting ringgit to

likely rebound slightly by 0.64% against the greenback this week from its closing price of 4.395 last Friday.

H O M E B U S I N E S S 5TUESDAY MARCH 24, 2020 • THEED G E FINANCIAL DAILY

KUALA LUMPUR: Under the cur-rent movement control order (MCO), banking services are open as it is an essential service. As such, banking staff are still going into the offi ce.

To limit their staff ’s risk of expo-sure to infection, banks that Th e Edge Financial Daily reached out to said they have arranged for more than half of their staff to work from home. And the plan is to shift more off -site, if possible.

Bank Negara Malaysia has also advised in a statement on Saturday that “all staff involved in non-critical functions should work from home while staff involved in critical func-tions, but whose providers do have remote access work capabilities are also encouraged to work from home.”

Malayan Banking Bhd, in a written reply, said that as yesterday, 75% of its

employees are working from home while 25% remain on-site. In fact, it had immediately issued approval for over 40% of its staff to work from home from the fi rst day of the MCO last Wednesday.

Similarly, Standard Chartered, in an email reply, said over two-thirds of its employees are already work-ing from home, with split operations being implemented for critical func-tions. “In line with the government’s guidelines, our branches remain open but are staff ed by a minimal number of employees. Our branches’ open-ing hours have also been reduced, operating from 9.30am to 3pm from Mondays to Fridays,” it added.

When contacted, CIMB Group Holdings Bhd said it has, since the start of the MCO, activated its busi-ness continuity plan by implementing measures that include split operations for both critical and non-critical oper-

ations to ensure all banking services remain operational and secure. Under this arrangement, more than half of CIMB’s staff are working from home. Th ose working off -site are connected through CIMB’s VPN infrastructure to ensure network security.

RHB Bank Bhd is also not taking any undue risks with the health of its workers and has had more than half its workforce work from home. “We expect to have at least 70% of our workforce work from home by the middle of this week as we assess the volume of transactions through our systems and network,” it said, adding that its branches, with the exception of the two in Kuching, will operate on reduced opening hours until the end of the MCO period.

OCBC Bank (Malaysia) Bhd also shared that the bank has made similar work-from-home arrangements for its staff . “We are pleased to say that

more than half of our workforce have been mobilised to work from home and those who are in non-essential functions have been asked to stay at home. Th e bank further reviews its operational requirements on a daily basis to reduce the number of employees having to provide on-site services,” said its head of human re-sources Kok Lai Ching.

Alliance Bank Malaysia Bhd, meanwhile, said it has initiated split operations for critical functions be-fore the MCO was implemented, and have continued to do so progressively with its non-critical workforce. “To-day, about 50% of our workforce is working from home. Th ey do so us-ing encrypted VPN access to access the fi les they need to perform their roles. We also conduct all our inter-nal and external meetings via video conferencing,” it added.

Separately, CIMB issued a state-

ment earlier yesterday to say that two of its staff in Negeri Sembilan have been tested positive for Covid-19. Th e two employees, who are based at the bank’s Jalan Dato Bandar Tunggal branch in Seremban, recently went for a personal trip to Indonesia and were quarantined at home on their return to Malaysia last Th ursday. Th ey are currently being treated at a gov-ernment hospital. Th e branch is now temporarily closed for a thorough sanitisation and deep cleansing.

Meanwhile, RHB has also an-nounced the temporary closure of two branches in Kuching, Sarawak — one at the Yung Kong branch and the RHB Islamic branch in Jalan Satok. Th is is because two of its employ-ees there — one in each branch — are immediate family members of two victims who have succumbed to Covid-19. Both are currently under self-quarantine.

KUALA LUMPUR: RAM Rating Services Bhd (RAM) estimates that the banks’ gross impaired loan (GIL) ratio may rise further to be-tween 1.7% and 1.9% later this year, from 1.56% at end January, con-sidering the banks’ forbearance measures as the Covid-19 outbreak taking a toll on the economy.

Th is would mean that banks’ absolute GIL may increase 15% to 30% to about RM3 billion to RM7 billion. However, RAM expects banks to be able to withstand the harsh economic climate given their resilient fundamentals.

In a hypothetical stress test sce-nario of 3% GIL ratio, meaning the total impaired loans to be doubled to RM54 billion, according to RAM, Malaysian banks’ pre-provision profi ts should suffi ciently absorb credit losses without aff ecting their capital buff ers.

Th e banking system’s common equity tier-1 capital ratio stood at a robust 14.3% at the end of 2019.

“Escalating headwinds on both the domestic and global fronts pose greater downside risks to the performance of banks this year, even though we believe that Ma-laysian banks — with their strong fundamentals and prudent risk management — will be able to weather the storm,” observed Wong Yin Ching, a co-head of fi -nancial institution ratings at RAM.

‘Persistently weak oil prices will constrict activity’Malaysian banks are extending temporary fi nancial relief to af-fected borrowers, which include the rescheduling and restructur-ing of credit facilities as well as a moratorium on loan repayments of up to six months.

RAM highlighted that although banks do not need to set aside pro-visions for loans that come under the relief measures now, impair-ment charges may be pushed out

to 2021 if borrowers’ weaknesses stretch beyond short-term cash fl ow issues.

In light of the collapse of oil prices, RAM pointed out that fresh risks may emanate from the oil and gas sector as low oil prices threat-ens to derail recovery charted by the industry in the last two years.

It also warned that persistently weak oil prices will constrict activi-ty and again lead to repayment dif-fi culties which might aff ect banks.

‘Subdued loan growth ahead’Apart from pressures on asset quality, RAM noted that Malay-sian banks’ loan growth has been dwindling even before the onset of challenges brought on by Cov-id-19. Given the weak business and consumer sentiments, the banking system’s loan growth re-corded multi-year low of 3.9% in 2019, as did aggregate credit ex-pansion (+4.7%), which include corporate bond issuances.

“Malaysia’s weaker loan growth in 2019 largely mirrored the perfor-mance of most of its regional peers amid a softer global economy.

“For now, we have pencilled in a loan growth of 1% to 2% for 2020 (2019: +3.9%) but we high-light downside risks to our fore-cast given the evolving nature of the current environment,” RAM’s co-head of fi nancial institution ratings Sophia Lee commented.

In the event economic condi-tions worsen drastically, RAM fore-sees that it could be challenging for the banking system to achieve even a 1% loan growth this year.

Looking ahead, RAM thinks that the current environment could dent banks’ earnings further this year, underpinned by revenue pressure and heavier impairment charge. With Bank Negara Malay-sia’s decision to lower the overnight policy rate twice in the fi rst quarter of 2020, which will undoubtedly crimp banks net interest margin further.

Fed signals unlimited QE, adds aid for fi rms, municipalitiesIt expects to announce soon a Main Street lending programme

More than half of Malaysian banks’ staff working from home

BY C H R I S TO P H E R C O N D O N ,

C R A I G TO R R E S , M AT T H E W B O E S L E R

BY L A I Y I N G Y I

BY J OYC E G O H

WASHINGTON: The US Feder-al Reserve (Fed) yesterday an-nounced a massive second wave of initiatives to support a shuttered US economy, including buying an unlimited amount of bonds to keep borrowing costs low and setting up programs to ensure credit fl ows to corporations and state and local governments.

Th e Fed will buy Treasuries and agency mortgage-backed securi-ties (MBS) “in the amounts needed to support smooth market func-tioning and eff ective transmission of monetary policy to broader fi -nancial conditions and the econ-omy,” and will also buy agency commercial mortgage-backed se-curities, according to a statement. Th e Fed said, a week ago, it would buy at least US$500 billion (RM2.22 trillion) of Treasuries and US$200 billion of agency MBS.

Under the new programmes the Fed will take on a slew of eff orts, many aimed at directly aiding em-ployers and households, as well as cities and states.

Th e Fed will support “the fl ow of credit to employers, consumers and businesses by establishing new programmes that, taken to-gether, will provide up to US$300 billion in new fi nancing.” It will be backed by US$30 billion from the Treasury’s Exchange Stabili-zation Fund.

The Fed also “expects to an-nounce soon the establishment of a Main Street Business Lend-ing Program to support lending to

Banks earnings will be hit but able to weather the storm — RAM

eligible small-and-medium sized businesses, complementing ef-forts” by the Small Business Ad-ministration.

Other highlights:• Two more programmes were

created to support large employ-ers — a Primary Market Corporate Credit Facility for new bond and loan issuance, and a Secondary Market Corporate Credit Facility to provide liquidity for outstanding corporate bonds.

• Yet another programme, a Term Asset-Backed Securities Loan Facility, will “enable the issuance of asset-backed securities backed

by student loans, auto loans, cred-it card loans, loans guaranteed by the Small Business Administration and certain other assets.”

• Th e central bank also said it would also expand the existing Money Market Mutual Fund Liquid-ity Facility to include a wider range of securities, including municipal variable-rate demand notes, a step aimed at assisting states and cities.

• Finally, the Fed said it would expand the existing Commercial Paper Funding Facility to also in-clude high-quality municipal debt, another move to help cash-strapped states and cities. — Bloomberg

The Fed said, a week ago, it would buy at least US$500 billion of Treasuries and US$200 billion of agency MBS. Photo by Reuters

6 H O M E B U S I N E S S TUESDAY MARCH 24, 2020 • THEEDGE FINANCIAL DAILY

Covid-19 weakens airlines’ credit qualityTh e pandemic is causing unprecedented stress, intensifying risks — Moody’s

KUALA LUMPUR: Local rubber glovemakers have pledged to do-nate a total of 19 million medi-cal gloves to the Malaysian gov-ernment to aid the fi ght against Covid-19, according to Malaysian Rubber Glove Manufacturers As-sociation (Margma).

Margma president Den-is Low, in a statement yester-day, said among the donors are Smart Glove Corp Sdn Bhd, Top Glove Corp Bhd, YTY Group, Kossan Latex Industries (M) Sdn Bhd, Hartalega Holdings Bhd, Supermax Corp Bhd and Comfort Rubber Gloves Indus-tries Sdn Bhd.

Other donors include Bright-way Holdings Sdn Bhd, Riv-erstone Resources Sdn Bhd, Careplus Group of Companies, Latexx Partners Bhd, Tekmedic (M) Sdn Bhd, Ansell, Shield Sci-entifi c Sdn Bhd, Intco Medical Group (M) Sdn Bhd, Professional Latex Sdn Bhd, Bonric Sdn Bhd, Koon Seng Sdn Bhd, Multisafe Sdn Bhd, Central Destar (M) Sdn Bhd and VIP Glove Sdn Bhd.

“Th e donation of 19 million gloves also includes the many batches of gloves donated by our members to hospitals, police sta-tions and local authorities within their vicinities in the last few days.

“Margma hopes and prays that this Covid-19 pandemic will be contained and arrested quickly in Malaysia and around the world,” Low said.

Low also reiterated his call for the government to allow Margma members to resume full produc-tion capacity, instead of limiting their production capacity to 50% in the movement control order period, as an essential service industry.

“Th is had led to a shortfall of gloves worldwide. Margma urg-es the government to allow the rubber gloves industry to op-erate at 100%, so we can meet a surge in demand for rubber gloves from many parts of the world,” he added.

KUALA LUMPUR: Passenger airline is one of the most adversely aff ect-ed industries as Covid-19 widens and deepens, given its exposure to travel restrictions and sensitivity of consumer demand and sentiments, says Moody’s Investors Service.

In a statement, Moody’s said the initial shock’s breadth and severity, the expected ensuing deterioration in credit quality and the signifi cance of lingering uncertainties have inten-sifi ed risks that the passenger airline sector faces due to the pandemic.

Moody’s senior vice-president Jonathan Root believes capacity would be cut 40% to 60% or more in the second quarter of 2020 (2Q20), and in some instances, more than 75% compared with that in 2Q19.

“On a full-year basis, we expect global industry capacity to fall 25% to 35%, assuming the virus spread slows by end-June and, subsequently, pas-senger demand returns,” he added.

Moody’s senior vice-president Martin Hallmark said key drivers of how signifi cantly credit quality

would ultimately be aff ected are the demand trough duration and whether airlines have sufficient liquidity to cope until schedules start returning to normal.

While weaker airlines may be pushed to default, he said even the strongest companies would not likely emerge unscathed, notwith-standing many of its rated airline companies entered the crisis with reasonably strong liquidity buff ers.

After fi rst revising its outlook for the global airline industry to nega-

tive in early March, Moody’s reas-sessed the evolving risk profi le of its rated issuers and, beginning earli-er this week, initiated reviews for downgrades of its ratings for most of the airline companies that it rates.

Moody’s said its preliminary as-sessment is the large airlines have adequate liquidity to manage through a fairly signifi cant short-term disruption through June, and a continuing but more moderate disruption through 3Q.

However, it expects more mod-

est-sized and/or less liquid airlines to be more exposed, noting the po-tential of some airlines collapsing within a short period without ad-ditional support from shareholders and/or central governments.

“Finally, Moody’s noted the extent of government intervention is criti-cal. Th e rating agency believes many airlines will require fi nancial support from federal and state governments, particularly if more aggressive meas-ures to contain the virus are imple-mented,” it added. — Bernama

KUALA LUMPUR: Th e Federation of Malaysian Freight Forwarders (FMFF) is urging the government for clear directions and guide-lines on whether logistic servic-es, including transportation and warehousing, are deemed as es-sential services.

In a statement yesterday, the federation cited many contradict-ing statements by diff erent min-istries that the former is unable to properly advise its members on whether operations can continue.

Further, enforcement agen-cies have been stopping FMFF members’ trucks and directing that their offi ces be closed.

According to the FMFF, the police have also said their drivers must possess work travel pass-es and also provide proof they have undergone Covid-19 testing. Th eir drivers and member com-panies have also been told that they need the National Security

Harassed freight forwarders seek clarity on whether logistics are essential servicesBY A H M A D N A Q I B I D R I S Council’s approval to transport

goods, and that only medicine and food may be transported.

Th e FMFF said this contradicts the international trade and invest-ment ministry’s announcement on the approval for a continued provision of logistic services by manufacturers of essential and non-essential goods.

“We have written to the trans-port and home aff airs ministries to confi rm whether we are essential services, as in item 12 of the essen-tial services issued by the National Security Council.

“We had yet to receive a reply from these ministries. The Port Klang Authority is in agreement that logistic services are essential but enforcement agencies’ actions seem to suggest otherwise,” said the FMFF, representing over 1,300 freight forwarding companies in Malaysia.

It also noted the defence minister had said companies need to issue work travel passes to employees.

As such, the FMFF has written to the transport and home aff airs ministries for approval to issue work travel passes to its members and staff to head to their work-places, but had yet to get a reply.

“Meanwhile, goods imported before the movement control or-der (MCO) implementation have arrived at ports. If these goods are not under the approved list, they cannot be moved out from the ports.

“Each container that cannot be delivered will incur demur-rage charges from shipping lines and storage and removal charges from ports. This will add to the fi nal costs of delivered goods to manufacturers and importers,” said the federation.

“Inevitably, the fi nal consum-er bears all these additional costs and manufacturers may face dis-rupted production schedules and loss of market. Similarly, exports of non-approved goods cannot be sent to ports for shipment, result-

ing in cancelled contracts and loss of business.”

It added that essential goods make up only about 20% to 30% of the total cargo throughput at ports, with the rest being non-es-sential goods. Th erefore, not de-livering these may max out ports’ storage capacities and result in a huge backlog of containers to be delivered after the MCO.

However, given the contradict-ing guidelines, harassment from the authorities and the relevant ministries’ lack of response, the FMFF said it may end up advis-ing its members to cease opera-tions immediately, until the gov-ernment is able to approve and facilitate the logistics industry’s operations.

“Notwithstanding the above, our members will still facilitate the clearance and transport of medicine, medical products, food-stuff and other products deemed as very essential to the country,” said the federation.

‘Glovemakers to donate 19 million gloves to govt for virus fi ght’

H O M E B U S I N E S S 7TUESDAY MARCH 24, 2020 • THEED G E FINANCIAL DAILY

Shopping mall industry could lose over RM750m during MCOPPKM is appealing to the government to provide urgent relief to preserve cash fl ow and prevent lay-off s

BY A D A M A Z I Z & E M I R Z A I N U L

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

& J OYC E G O H

BY E L F F I E C H E W

& M A N U E L B A I G O R R I

KUALA LUMPUR: The Malaysia Shopping Malls Association (PPKM) is appealing to the government to provide urgent relief as it estimates that the shopping mall industry will lose more than RM750 million, ex-cluding turnover statistics from the retail sector, during the 14-day move-ment control order (MCO).

Th e estimate includes super-re-gional malls, regional malls, neigh-bourhood malls, premium outlets,

and shops that are allowed to stay open during this period, and excludes stand-alone hypermarket centres or supermarket centres in the street.

“More importantly, the shop-ping mall industry requires this ur-gent relief to preserve cash fl ow and maintain employment so as to hold off lay-offs for both the retailers/tenants and mall operators for as long as sustainable,” PPKM said in a statement yesterday.

“While most malls remain par-tially open to provide essential ser-

vices to consumers during the MCO, it is a most trying situation as both landlords and retailers are equally adversely aff ected but both parties have to collaborate to bear the un-precedented burden and pain to-gether,” it added.

As such, PPKM reiterated that shopping mall members will need to develop different action plans on a case-by-case basis, depending on diff erent critical factors involved such as location, business tolerance, and rental structure.

It acknowledged that there are wide diff erences in the rental struc-ture among various categories of ten-ants and malls, so each mall will have to come up with mutually benefi cial accommodations for their lessees.

PPKM also commended Sun-way Malls’ rent-free pledge for their tenants who are not provid-ing essential services during MCO, but maintained that the move is entirely dependent on the mall operator’s prerogative and circum-stances, and does not represent

the whole shopping mall industry.Nevertheless, the association

pointed out that shopping mall op-erators have always assisted tenants during challenging times.

“Th erefore, for sustainability in the long term, we urge all mem-ber malls to seek advice from their respective owners, investors and management and work out a prac-tical and urgent solution for their tenants with non-essential busi-nesses who have been impacted negatively,” it said.

KUALA LUMPUR: Sunway Malls, the retail division of Sunway Group, is off ering RM20 million rent free to non-essential retailers for the 14-day movement control order (MCO) period.

The group will also undertake steps to ease credit control for re-tailers in this diffi cult period, it said.

Retailers who stand to benefi t from this rent-free off ering include shops under Sunway Pyramid, Sunway Ve-locity, Sunway Carnival, Sunway Pu-tra, Sunway Big Box Retail Park, Sun-way Giza and Sunway Citrine.

Sunway Malls and Th eme Parks chief executive offi cer HC Chan said Sunway Malls has taken cognisance of the impact of the order on non-es-sential retailers due to the mandatory trading cessation of 14 days.

For non-essential retailers, which include fashion, home furnishing, entertainment and leisure outlets, the current situation puts a tremen-dous strain on revenue and cash fl ow, he added.

“While Sunway Malls supports [the] Malaysian government’s deci-sion on the movement control order as the national top priority to [rein] in the virus outbreak and protect the safety of the community, the mall group also believes that the long-term sustainability of [its] business partners is also an important facet.

“At times like this, everyone is los-ing. Each of us has the responsibility to shoulder and share the pain. Th is grant is expected to bring a certain de-gree of comfort and relief to Sunway Malls’ aff ected retailers,” said Chan.

Retailers to appeal for rental rebateRetailers are appealing to the Prime Minister’s Department to address

matters relating to the cost of doing business amid the development of Covid-19.

According to a source, recommen-dations were made to the prime min-ister last week including appealing to the landlords and shopping malls for free rental and service charges during the 14-day MCO.

“Th ere were also appeals to land-lords on compassionate grounds for a 50% rental rebate for six months to aff ected retailers.

“Retailers also put forth their ap-peal to the government to support the retailers to pay staff /employees salaries during the lockdown,” a retail source told Th e Edge Financial Daily.

Th e appeals arise as foot traffi c in shopping malls drops, reducing de-mand for non-essential retail trade.

Since early last month, retail as-sociations have been appealing for shopping malls and shophouse land-lords and owners to give rental rebates up to 50% for the next six months to allow retailers to ride out the eff ects of the outbreak.

Th e rebate request, retailers said, is similar to what shopping malls and landlords did for their tenants in Hong Kong and Singapore when Covid-19 fi rst struck.

Th e retail associations said in Feb-ruary that many members reported sales dropping by as much as 50%, with some expecting revenue to de-cline by more than 80% over the next three months.

“Th is data was prior to the MCO. Obviously, earnings will be hit even more with the MCO in place now,” said a retailer.

Meanwhile, an executive director at a listed company that owns a mall in Malaysia reasons that rental rates in Malaysia are much lower than rates in Hong Kong and Singapore.

“It’s tough to compare as the mall rental markets are not alike,” he said.

Sunway grants 14-day free rental as retailers appeal for rebate SINGAPORE/HONG KONG: Ma-

laysia’s political upheaval risks derailing a deal involving the nation’s biggest mobile phone carrier, people with knowledge of the matter said.

Talks between Axiata Group Bhd’s biggest owner and Norwe-gian operator Telenor ASA that were re-opened earlier this year have come to a standstill, the peo-ple said. Th e change in Malaysia’s government — at a time when Axia-ta is undergoing its own leadership transition — has left executives and advisers uncertain about who is go-ing to push through a transaction, according to the people.

Axiata and Telenor had already backed down from plans to com-bine their Asian telecommunica-tion operations, opting instead for a more piecemeal approach where Telenor would initially buy a stake in the Malaysian carrier. Khazanah Nasional Bhd, the na-tion’s sovereign wealth fund, owns 37% of Axiata.

Th e deepening Covid-19 out-break has added to uncertainties around the deal, the people said. Malaysia has the highest number of infections in Southeast Asia, and has imposed nationwide restric-tions on movement. Th e complex-ity of the proposed transaction,

which could involve merging the two companies’ phone-tower op-erations, is another factor.

But the biggest hurdle is the political turmoil that broke out in February with the shock resigna-tion of former Malaysian prime minister Tun Dr Mahathir Mo-hamad, the people said, asking not to be named. Th e change in government could lead to new sen-ior appointments at state-backed entities like Khazanah, they said.

Malaysia’s government wanted to reform large companies like Axi-ata, including by bringing in foreign investors. Still, that vision collided with Dr Mahathir’s desire to avoid any major job losses.

Tan Sri Muhyiddin Yassin, who succeeded as prime minister, de-layed parliament sitting by more than two months to give himself extra time to shore up support and prove his majority in the di-vided legislature. Dr Mahathir had called for a confi dence vote, but he said in an interview earlier the opposition coalition may lack the support needed to remove the current government.

Datuk Mohd Izzaddin Idris, Ax-iata’s deputy chief executive of-ficer (CEO), will take over from interim CEO Tan Sri Jamaludin Ibrahim by December. Shares in Axiata have slumped almost 23% this year, while the FBM KLCI has fallen about 18%.

No fi nal decisions have been made, and Khazanah and Telenor could resume talks on any deals, the people said. Representatives for Axiata and Khazanah declined to comment, while representatives for Telenor did not immediately respond to requests for comment.

Axiata and Telenor first an-nounced in May that they were in talks to combine their Asian tele-com operations to create a com-pany with US$13 billion in sales and 300 million customers across nine countries. Th ey ended their negotiations in September, citing “complexities” as the reason.

Just four months after the car-riers scrapped discussions, Khaz-anah and Telenor started exploring several possible scenarios including Telenor buying part of the wealth fund’s stake in Axiata, people fa-miliar with the matter have said. A stake purchase could pave the way for more deals, such as a merger of Axiata and Telenor’s phone tower assets or consolidation in certain markets, as well as a combination and eventual listing of the two car-riers’ frontier-market operations, the people have said.

Telenor fi rst entered Asia more than two decades ago and derives more than half of its revenue from the region. Beyond Malaysia, it also operates in Th ailand, Bang-ladesh, Pakistan and Myanmar. — Bloomberg

‘Khazanah, Telenor halt Axiata deal talks on politics’

KUALA LUMPUR: MyEG Servic-es Bhd (MyEG) said its Covid-19 rapid test kit has been qualifi ed for emergency use by the US Food and Drug Administration (FDA), paving the way for the sale of the kit in the US, where the number of positive cases has surpassed 33,000, with 417 deaths.

Nonetheless, in Malaysia, the rapid test kit is pending approval and certifi cation by the ministry of health (MoH).

Th e company earlier said the kit had already been approved by health authorities in China and Europe, where they are already being used widely.

MyEG said the test kit, developed by an unnamed “reputable” Chinese

biomedical company, has been ap-proved by the FDA under a policy to accelerate detection and diagnosis during public health emergencies.

“Th e authorisation by the FDA for the test kits is in addition to the European CE mark, which certifi es conformity with health, safety, and environmental protection stand-ards, obtained earlier,” it said in a statement yesterday.

MoH yet to grant approval for MyEG’s Covid-19 rapid test kit

BY E M I R Z A I N U L

8 H O M E B U S I N E S S TUESDAY MARCH 24, 2020 • THEEDGE FINANCIAL DAILY

Hotelier grandson of Asia’s sugar king turns venture capitalistK3 Ventures has quietly backed 38 start-ups including China’s ByteDance, Singapore’s Grab

BY D AV I D R A M L I & YO O L I M L E E

SINGAPORE: As a 17-year-old train-ee bellboy, Kuok Meng Xiong spent a summer opening doors at his fam-ily’s Island Shangri-La hotel in Hong Kong. It was there, sweating through back rooms and service corridors, that he started to learn the hard truths of running a business.

Now, after more than 20 years and a career spent helping run the family’s operations across the globe, the grandson of Robert Kuok — the “Sugar King of Asia” who built a US$12.4 billion (RM55.06 billion) fortune — is determined to make his own mark — opening doors for start-ups.

Meng Xiong’s family offi ce K3 Ventures (three for the third gener-ation) has quietly backed 38 start-ups including China’s ByteDance Inc and Singapore’s Grab Holdings Inc. Investments will be between US$1 million and US$3 million and those made so far have returned 43% to date.

Th e expansion into venture cap-ital signifi es an important step for the storied business empire. Meng Xiong’s 96-year-old grandfather still presides over a vast power-house with interests spanning lux-ury hotels to oil palm plantations and logistics warehouses. Ad hoc Internet investments by subsidiar-ies and individual family members have reaped healthy returns, but the majority of assets are in more traditional industries.

“Th ese will be the companies that could disrupt us next time,” Meng Xiong, 38, said during an interview in his minimalistic of-fice here, with a stack of Robert Kuok’s memoirs and a copy of Th e Art of Simple Living on a shelf, and a few model planes displayed just so. “Why not join hands early and give them a leg-up when it counts? Th e underlying agenda is staying relevant.”

Staying relevant is how the Kuoks have remained successful for six dec-ades. After entering the commodities market in the 1950s in Malaysia, the patriarch branched out into sectors

KUALA LUMPUR: South Korea’s home appliance brand Cuckoo is bringing back its “Just 1 Cup” wa-ter-saving campaign for the third time to celebrate World Water Day, held on March 22 annually.

“Following two successful years, we are pleased to bring back our water-saving campaign for the third time this year. As a healthy home

creator, we believe it is also im-portant to educate and encourage Malaysians to show greater appre-ciation for water and practise better water management habits at home, especially when access to quality water can be scarce to some.

“Th rough the campaign, we hope to inspire Malaysians to start saving water from something as simple as brushing our teeth with just one cup,” said Cuckoo founder and chief

executive offi cer Hoe Kian Choon.Th is year’s edition also calls on

the public to pledge online for better water conservation habits and water management practices. Th e public are invited to show support and commitment by pledging online through the campaign’s microsite www.cuckoo.com.my/worldwater-day2020. Cuckoo said the public are also encouraged to share the World Water Day video produced for the

campaign online, with the cam-paign hashtags #JIMATSAMASAMA, #WWD2020, and #Just1Cup, inviting others to be part of the movement for better water conservation habits.

“Th is year’s campaign is special, especially with the support of our brand ambassadors, [Korean pop artiste] Rain and Datuk Seri Siti Nurhaliza. We hope to continue instilling good water-saving habits beyond standards in each house-

hold through such initiatives and more. Let us begin to #JIMATSA-MASAMA from today,” Hoe said. Th e campaign is inspired by studies indicating every Malaysian wastes 18.92 litres of water when brushing his or her teeth with the tap running.

Meanwhile, Malaysia’s daily wa-ter consumption is 210 litres, 27% higher than 165 litres per capita per day recommended by the World Health Organization.

Cuckoo’s water-saving campaign returns this year

including hotels and shipping in Singapore, and later Hong Kong, just as China was opening up.

Thick and thinMX, as Meng Xiong is known among friends, is seeking to expand in an already-crowded space, particularly in Singapore, where almost US$10 billion was ploughed into more than 400 start-ups in the fi rst nine months of last year.

Meng Xiong’s strengths include his experience of helping build and manage a hotel chain, as well as growing up in a family that values relationships over short-term mone-tary gains. In person, the millennial is softly spoken and scrupulously polite, often pausing to ponder the topic at hand before answering.

He recalls vividly how the 2003 Severe Acute Respiratory Syndrome outbreak emptied the streets of Hong Kong. While competitor hotels re-sorted to job cuts, his grandfather and father guided him to not fol-low suit.

“I learned that you have to look after your colleagues like your own family,” Meng Xiong said. He applies the same principle in backing start-ups, sticking with them through thick and thin. “Are you a good-time friend, which means when you have a high valuation, they call for more allocations, or do you reach out and ask ‘Can I help?’”

While Meng Xiong’s family name and connections come in handy when raising the profi le of K3’s port-folio companies, he does not make introductions lightly.

Meng Xiong will often join the founders in their fi rst meeting with a prospective client and sit in on subsequent discussions to lend ex-pertise. Coming from a traditional business himself, it is easier to see things from their perspectives, and he makes sure those meetings lead to business contracts.

“MX has shortened our journey,” said Jianfeng Lu, co-founder of Wiz.AI which helps companies use ar-tifi cial-intelligence robots to make calls to their customers.

A serial entrepreneur, Lu relo-

cated here from China after meet-ing Meng Xiong with the ambition of building a global business. His one-year-old start-up has secured clients including a leading hospital group and one of Singapore’s big-gest banks.

“I’m an engineer, not a sales guy. None of this would have been possi-ble in a new country without him,” Lu said.

One of Meng Xiong’s earliest investments was ride-hailing app Grab. It came about almost by ac-cident while he was still working as an associate director of fi nance at Shangri-La Asia.

“I knew [co-founder] Antho-ny Tan and he asked if I wanted to invest in MyTaxi and I said ‘What taxi?’” laughs Meng Xiong. Meng Xiong worked informally with Grab to help its drivers win permission to idle in hotel driveways, just like regular taxis.

Open skiesOne of the fi rst of his family to be-come a Singaporean citizen, Meng Xiong attended a local school before spending three years at an English boarding school two hours north of London. Th ere, his family name carried little weight.

Returning here for mandatory

national service, it became a mi-nor liability.

“Th ey knew who I was, and they wanted to make sure I was able to be humble enough to become an of-fi cer,” Meng Xiong said. “Th ey want-ed to see whether I’d turn around and say ‘I’m going to call my daddy’ or ‘Yes, sir!’”

With his father running the Shangri-La group as chairman, Meng Xiong prepared for life in the family business, studying hotel management at Cornell University in New York.

He also saw the time away as a chance to pursue his life-long dream of fl ying. He had harboured the am-bition ever since visiting a plane’s cockpit as a young child and used to practise captain’s announcements in English, Chinese and Malay, lan-guages he grew up with.

His family, horrifi ed by the idea, slashed his allowance so he could not afford lessons. Undeterred, Meng Xiong worked as a saute sta-tion line cook at an Italian restaurant and a teaching assistant to earn the money himself.

Once he saved up US$2,800, he was able to afford the young-est teacher with the oldest plane and finished his degree early, so he could fl y in secret and obtain his

pilot’s licence. (His parents even-tually admitted defeat and helped fund jet-pilot training in Florida and Georgia.)

“Flying is twofold — one is the technical knowledge and one is the muscle memory and reaction,” he said. “Th e army and fl ying are two instances where they put you un-der tremendous pressure and force you to remain in the band of logical thinking.”

Meng Xiong was soon working for the group, opening, upgrading and running hotels from Beijing to Sri Lanka. He learned the importance of harvesting and rewarding ideas from all levels of staff — something he has taken with him on his tran-sition to venture capital.

However, after 12 years and com-pleting a key project in South Asia, he decided his lucrative part-time gig of helping start-ups was fulfi lling, and wanted to focus his career on it.

To be sure, K3 is still a minnow of-fering relatively small-sized cheques; investors of all stripes are backing start-ups amid historically low in-terest rates. Giants such as Sequoia Capital and Hillhouse Capital Man-agement typically off er access to their experienced staff , much larger pools of money and strategic con-nections to other start-ups.

Meng Xiong aims to off set this imbalance using the potential of co-investment, his links to the re-gion’s biggest conglomerates and a fl exibility only family offi ces can pro-vide — in one case, K3 even provided interest-free loans with no payback period to investee companies.

A bigger issue is K3’s hands-on approach is time- and energy-in-tensive, and it has just three em-ployees. Meng Xiong plans to work the broader group’s resources and hire more staff without detracting from its ethos.

“We come from 12 years of work-ing in traditional business and we understand and empathise with what it feels like to be a bellman or receptionist or the general manag-er,” he said. “What we hope to do is to under-promise and over-deliver.” — Bloomberg

Meng Xiong is seeking to expand in an already-crowded space, particularly in Singapore, where almost US$10 billion was ploughed into more than 400 start-ups in the fi rst nine months of last year. Photo by Bloomberg

BY J U S T I N L I M

H O M E 9TUESDAY MARCH 24, 2020 • THEED G E FINANCIAL DAILY

Army to use drone, unmanned craft to monitor compliance

Mind the gapDo not forget those with no EPF savings — economist

BY N U R U L J A N N A H K A M A R U D D I N

Malaysians strandedin Brazil hopeful toreturn homeKUALA LUMPUR: What would be an unforgettable 16-day hol-iday cruise to Antarctica went awry when a cruise ship, with 16 Malaysians onboard, was strand-ed at the Port of Rio de Janeiro on Sunday morning. Th e group, along with 325 passengers of var-ious nationalities, were stuck in the South Atlantic Ocean after their cruise ship failed to dis-embark at Montevideo, Uruguay on March 13 as the country an-nounced a lockdown to contain the Covid-19 pandemic. The French-based cruise ship then continued its journey to Buenos Aires port, Argentina and was slated to disembark on March 16, but a lockdown announcement was made by the Argentinian government an hour into the ship’s sailing. — Bernama

75 from Johor who attended tabligh event yet to come forwardJOHOR BARU: Th ere are 75 peo-ple from Johor who attended the recent tabligh assembly in the Sri Petaling Mosque who have yet to come forward for health screen-ings. Johor Police Chief Datuk Ayob Khan Maydin Pitchay said this included 29 people from Bangladesh, 10 Rohingya and eight from Th ailand. He said they were part of the 1,450 members of the tabligh group from Johor who attended the recent assem-bly. “Of this number, 1,375 have been tracked down and have un-dergone health screenings, with 1,346 found to be negative while 29 were positive, one has died and one is in critical condition,” he said in a press conference here yesterday. — Bernama

Penang government to close public markets notcomplying with MCOGEORGE TOWN: The Penang state government through its two local authorities will cease oper-ation of public markets if they fail to comply with the authority’s in-structions during the movement control order (MCO) period to prevent the spread of the Covid-19 pandemic. State Housing, Local Government, Town and Country Planning Committee chairman, Jagdeep Singh Deo, said the two local councils, the Penang Island City Council and Seberang Perai City Council would limit the num-ber of visitors at one time in pub-lic markets by providing only one entry and exit point managed by a trade association. — Bernama

Johor Queen donates painting to medical staff JOHOR BARU: “To doctors, nurs-es and staff of all hospitals and clinics in Johor. You are our he-roes.” Th is was what Johor Queen Raja Zarith Sofiah Almarhum Sultan Idris wrote on a portrait she painted, with the words “Th ank you from Ibrahim and Zarith”. Th e painting is in appre-ciation of the commitment and sense of responsibility shown by medical staff in all hospitals and clinics in Johor. — Bernama

I N BR I E F

KUALA LUMPUR: Th e Malaysian Bar is calling upon all government agencies including Inland Revenue Board, Royal Malaysian Customs Department and land offi ces, to be cognisant of the problems faced by lawyers during the movement con-trol order (MCO) period.

Its president, Salim Bashir, also pleaded for fairness in dealing with any application or request to extend time, even as lawyers attempt to fulfi l their legal and administrative obligations on behalf of their fi rms and clients.

“Th e Bar is optimistic about a

gradual return to normality and stands ready to assist members of the Malaysian Bar, in relation to matters within its purview,” he said in a statement yesterday.

When contacted, Salim clarifi ed that the application and request to extend time were related to taxes and property-related matters.

He said, the Bar was aware that some law fi rms feel pressured to re-main open as a result of demands and instructions made by some banks and fi nancial institutions, which can oper-ate while the MCO is in force.

In this regard, Salim said the Bar had issued a press statement last Wednesday, chiding such banks and fi nancial institutions.

He also urged all Malaysian Bar members to exercise wisdom and discretion during the MCO period.

Salim said, for lawyers whose nature of work that did not fall un-der the defi nition of essential ser-vices in the Prevention and Control of Infectious Diseases (Measures Within the Infected Local Areas) Regulations 2020, they must stay at home or work from home.

He said the Bar, through circu-lar issued to its members dated last Wednesday, strongly advised the members against opening their law fi rms during this time in order to keep in line with the government directives, in respect of the closure of non-essential services.

Therefore, he urged law firms to adhere to this advice in order to safeguard the health of their law-yers, pupils and employees, and not risk off ending the law by forcibly requesting them to be physically in the offi ce. — Bernama

KUALA LUMPUR: The govern-ment has banned the exports of face masks to ensure enough supply for Malaysians during the Covid-19 pandemic.

Prime Minister Tan Sri Muhyid-din Yassin said the supply of face masks in the country is currently at an unsatisfactory level, thus the government has decided to import the masks from China. Speaking at a press conference here yesterday, he said that the local production of face masks has been aff ected by the inadequate supply of raw materials.

“I am told that the face masks will be imported at about RM1.18 per piece, and we will be distrib-uting these for free to the people who need them,” said Muhyiddin.

On Saturday, the government announced that it will be import-ing 10 million pieces of face masks from China, to be coordinated by the transport ministry.

Works Minister Datuk Seri Fa-dillah Yusof said that priority will

KUALA LUMPUR: The Malay-sian Armed Forces (MAF) will use drone and unmanned aerial vehicle (UAV) technology to mon-itor compliance of the movement control order (MCO), which is currently in force to curb the spread of Covid-19 in the country.

Chief of Defence Force Tan Sri Aff endi Buang said the matter had been discussed with the local in-dustry to increase the number of the drones and UAVs to be used.

“The MAF have drones and UAVs, but the number needs to be increased. Th at’s why we dis-cussed this with the local indus-try.

“By using this drone and UAV technology, it will improve mon-itoring and surveillance activi-ties. Maybe in another day or two, we can start using them,” he said when interviewed on RTM1’s Se-lamat Pagi Malaysia programme yesterday.

Aff endi also said that the MAF was committed to achieving full compliance of the MCO and was prepared to increase deployment of its personnel if necessary.

He also called on all Malay-sians to give their cooperation to the authorities to fl atten the curve of infection of the deadly virus.

On Sunday, Affendi was re-ported as saying that the MAF had mobilised 7,500 of its personnel around the country to assist po-lice in enforcing the MCO.

In Sungai Siput, a mechan-ic became the first person to be charged in connection with the MCO for obstructing a pub-lic servant from discharging his duty in enforcing the 14-day order which took eff ect last Wednesday.

S Punniamurthy, 33, pleaded guilty to the charge in the Magis-trate’s Court here yesterday after it was read out before Magistrate Norhabsarina Ayob. He was fi ned RM5,000, in default 10 months’ jail, for the off ence.

Punniamurthy was charged with voluntarily obstructing a police offi cer from discharging his public functions by refusing to produce his personal identifi -cation document and pushing the police offi cer concerned in front of his house at Persiaran Orkid 8, Taman Orkid, Sungai Siput last Friday. — Bernama

KUALA LUMPUR: Th e government must not overlook those who are not Employees Provident Fund (EPF) members but are also aff ected by the Covid-19 outbreak, said University of Malaya senior lecturer Dr Moham-mad Tawfi k Yaakub.

Mohammad Tawfi k, who is from the Faculty of Economics and Ad-ministration, said it is hoped that the government would launch initiatives to safeguard workers who have no EPF savings.

According to him, traders would be much aff ected by the spread of Covid-19 and the movement control order, so the government needs to make additional planning to assist them quickly.

“In this situation, government in-stitutions with the fi nancial autono-my and authority can help by giving rental exemption or speedy fi nancial assistance to registered and licensed traders.

“Religious institutions such as zakat collection centres and mosques that have high revenue can also play a more active role in helping the small traders,” he told Bernama.

Th e academician said the move to allow 12 million EPF members to withdraw a maximum of RM500 a month — which is estimated to in-volve RM40 billion in withdrawals over a 12-month period — would allow the government to give more focus and channel a bigger budget to the country’s healthcare sector.

“Th is is favourable to Malaysians, especially private sector employees, who will have extra cash in hand, which is important for household ex-penses amid more roadblocks being set up,” he said.

Mohammad Tawfi k said more al-location was previously allocated to the education sector in the country’s budget and it is hoped the healthcare sector will be raised to the same level.

“Construction of new hospitals should follow the ratio between the

population and doctors. Th e country also requires more advanced technol-ogies as well as additional healthcare staff in remote areas.

“By the standard of developed countries, the doctor-patient ratio should be 1:400. However, we are behind with a 1:758 ratio,” he said.

Malaysian Bumiputera Remisiers Association president Nazarry Ros-li said putting the extra money into workers’ wallets through the RM500 monthly EPF withdrawal initiative can enhance the cash fl ow in the coun-try’s economic system, especially in the consumer goods sector.

This is in line with the govern-ment’s eff orts to revive the country’s economy which is expected to see lower growth until the third quarter of the year, he said.

Prime Minister Tan Sri Muhyiddin Yassin announced yesterday that EPF contributors below the age of 55 can now withdraw up to RM500 a month for 12 months from savings in their Account 2. — Bernama

Face mask exports banned

Bar calls upon government agencies to exercise discretion

be given to the front liners manag-ing Covid-19 as well as the clinics, health ministry offi ces at the federal and state levels, police, immigration authorities and military personnel working with the front liners.

In a related announcement, Sen-ior Minister (Security Cluster) Da-tuk Seri Ismail Sabri Yaakob said the government has agreed to lower the price of face masks.

He said the government would announce the new price of the item after the ministry of domestic trade and consumer aff airs held a meeting with industry players.

“Th e price of RM2 is too expen-sive, therefore, the special minis-terial meeting on the movement control order today (yesterday) has agreed for the price to be lowered. — Bernama

The supply of face masks in the country is currently at an unsatisfactory level, says Muhyiddin. Photo by Bernama

1 0 B R O K E R S’ C A L L TUESDAY MARCH 24, 2020 • THEEDGE FINANCIAL DAILY

Slower retail rental growth seen for Malaysian REIT sector

Construction sectorMaintain neutral: In light of the movement control order (MCO) until March 31, the works ministry has published a list of frequently asked questions (FAQs) concerning the construction sector, dictating a stop-work order except for crit-ical works.

Th e sector’s prospects look fairly muted due to earnings risks from weaker progress billings and cash fl ow pressure driven by a possible extension of the current MCO. Ad-ditional sector uncertainties come from delays in roll-outs of projects and a limited fi scal fl exibility to car-ry out sizeable new infrastructure jobs owing to a collapse in oil price.

According to the FAQs, works deemed critical include slope and

Malaysian real estate investment trust sectorDowngrade to neutral: After a low-er foot traffi c in February and early March 2020, retailers are hit with another major challenge — the gov-ernment’s movement control order (MCO), resulting in non-essential services’ closure from March 18 to 31. While essential supplies and services — supermarkets, phar-macies, convenience stores, tel-ecommunication services, food and beverage (F&B) for deliveries and takeaways — are allowed to re-main open, we expect a lower retail spending at F&B and convenience stores during these trying times.

While mall owners and the Ma-laysia Shopping Malls Association had yet to announce their strategies for this diffi cult period, we believe the landlords will off er rental re-bates on a case-by-case basis. Our earnings forecasts for all retail real estate investment trusts (REITs) under our coverage are cut, in-corporating a minimal turnover rental and rental rebates of about 4% for 2020.

Th e hospitality industry, mean-while, has been hit the hardest, fi rstly by lower international and domestic travellers, event cancella-tions in February and early March 2020 and now the MCO. In gener-al, hotels are open with reduced services and chartered for existing customers only; hoteliers are not accepting new customers between March 18 and 31.

To mitigate a sharp revenue decline, hoteliers are undertak-ing strategies such as operation-al downsizing by closing several fl oors and manpower rightsizing such as non-renewal of contract workers and permanent staff tak-

Mynews Holdings Bhd (March 23, 59 sen)Maintain buy with a lower fair value of 83 sen: Our earnings forecasts for Mynews Holdings Bhd for the fi nancial year ending Oct 31, 2020 (FY20), FY21 and FY22 are cut by 30%, 31% and 27% respectively to account for lower margins as we assumed less store openings, higher food processing centre (FPC)-related costs and a lower average spend due to Covid-19.

Mynews’ net profit for the fi rst quarter ended Jan 31, 2020 (1QFY20) of RM4.4 million or -47% year-on-year (y-o-y) and +37% quarter-on-quarter (q-o-q) was below our and the street’s ex-pectations, accounting for around 15% of full-year earnings esti-mates. Th e variance was mainly due to higher costs from its FPC as well as outlet operating and logistics costs.

Mynews’ revenue for 1QFY20 grew 14% y-o-y to RM140.6 mil-lion on additional 96 outlets to 535 outlets from 439 in 1QFY19, and higher sales of its FPC’s ready-to-eat and bakery goods. However, the average spend per outlet dropped roughly 5% y-o-y in 1QFY20.

Th e higher revenue was not enough to compensate the group’s profi t before tax margin

contraction by 4.7 percentage points (ppts) to 3.6% in 1QFY20, versus 8.3% in 1QFY19, dragged mainly by a 32% hike in operating costs. Th is was attributed to high-er outlet operating and logistics costs resulting from a business expansion. A higher depreciation expense from its FPC and a higher outlet count also hit the group.

However, Mynews’ perfor-mance improved slightly sequen-tially. Its earnings before interest and taxes margin grew 1.3ppts q-o-q to 4.8% in 1QFY20 despite a lower footfall during the year-end holidays and a festive 1QFY20.

The FPC was operating at around 50% capacity — its esti-mated break-even point is at 75% capacity utilisation — resulting in the manufacturing segment’s loss of RM2.7 million for 1QFY20.

We had expected Mynews to reduce its FPC’s production volume in 1QFY20 to minimise wastage during the low traffic season. However, we now expect the group’s performance to still be poor in 2QFY20 due to Covid-19. We also expect a reduced footfall at its outlets and the production volume to remain slow.

We expect a recovery in My-news earnings from 4QFY20, as-suming Covid-19 is contained within the fi rst half of 2020. — AmInvestment Bank, March 23

Mynews expected to see profi t recovery from 4QFY20

Mynews Holdings Bhd

FYE OCT (RM MIL) 2019 2020F 2021F 2022F

Revenue 528.5 557.6 719.1 842.2Core net profit 21.5 20.8 26.9 35.4FD core EPS (sen) 3.9 3.0 3.9 5.2FD core EPS growth (%) 1.2 -22.6 29.7 31.4Consensus net profit - 29.0 35.7 42.9DPS (sen) 1.0 1.0 1.0 1.0PER (x) 18.3 23.7 18.2 13.9EV/Ebitda (x) 6.5 6.6 5.9 5.3Dividend yield (%) 1.4 1.4 1.4 1.4ROE (%) 7.9 7.2 8.8 10.7Net gearing (%) 3.3 8.0 8.9 13.9Source: AmInvestment Bank

ing forced leave. Broadly, we expect hospitality REITs to only achieve the minimum rental guaranteed under their master leases — YTL Hospitality REIT’s Malaysian oper-ations and Sunway REIT; for those without master leases including KLCCP Stapled Group’s Mandarin Oriental, we expect an operating break-even for the hotels in 2020.

While we do not expect Covid-19 and the MCO to directly impact earnings of other asset owners — offi ces, warehouses and logistics, the ensuing weak economic growth, aggravated by a slump in global equity markets and prices of com-modities, should aff ect their rental growth in 2020 to 2022.

In light of the challenging eco-nomic outlook, our rental growth rate forecasts for offi ce, warehouse and logistics assets are cut. For

leases expiring in 2020 and 2021, we expect rental to contract 2% to 5% from a growth of 0% to 2%. As a result, our Axis REIT’s earnings per unit (EPU) forecasts for fi nancial year 2020 (FY20) to FY22 are cut by 3% to 6%.

Our Malaysian REITs’ EPU fore-casts for FY20 to FY22 are cut by 3% to 14%, incorporating a lower retail rental for 2020 with rental rebates of 4% and a minimal turnover rental, a slower retail rental growth in 2021 and 2022 (we were earlier expect-ing a sharp rebound), Malaysian hotels to achieve only a minimum guaranteed rent or break-even, a rental contraction for offi ces and warehouse or logistics assets, a higher fi nance cost and a weaker Australian dollar against the ringgit for YTL Hospitality REIT. — Affi n Hwang Capital, March 23

Construction sector’s prospects likely muted due to earnings risks, cash fl ow pressuretraffic light maintenance, fixing potholes, traffic management, checks on electrical and mechani-cal parts, critical remediation works at private premises, upgrading es-sential businesses’ facilities, tun-nelling, Bailey bridge, emergency and any other works if uncom-pleted pose a signifi cant hazard to the public.

Inevitably, most construction works not classifi ed as critical will be halted throughout the MCO period. Checks revealed the Tun Razak Exchange and Mass Rapid Transit Line 2 (MRT2) involving non-tunnelling works will be halt-ed. Limited sections of the Light Rail Transit Line 3 will continue due to partially completed dangling structures. Signifi cant portions of

the Pan Borneo Highway Sarawak should also be halted. In our view, elevated highways could see some work done, while building jobs — most of which are non-critical — would come to a stop.

Tunnelling works are deemed critical, according to the FAQs. We gathered some critical tun-nelling works for the MRT2 are allowed to continue during the MCO. Based on this, we opined that tunnelling works for the East Coast Rail Link could see progress as well.

Contractors are seeking an ex-tension of time from clients for potential delays in execution, com-monly covered under the force majeure clause in construction contracts protecting the parties from liabilities in the event of ex-tenuating circumstances, includ-ing pandemics. Hence, contractors will be able to avoid performance liabilities such as late penalties but expenses arising from delays — for

instance, fi xed overhead and idle costs — will inevitably be borne by contractor.

Th e MCO could result in a slow-er construction progress, lower project margins and a balance sheet deterioration. Nonetheless, the quantifiable impact of the halt currently looks manageable at merely about 1% slower order book consumption assuming a cover of three times.

For contractors with property segments — IJM Corp Bhd, Hock Seng Lee Bhd, Malaysian Resources Corp Bhd, Kimlun Corp Bhd and WCT Holdings Bhd — downside risks are more pronounced with possible downward revisions of sales targets. — Hong Leong In-vestment Bank Research, March 23

Contractors are seeking an extension of time from clients

for potential delays in execution, commonly

covered under the force majeure clause

in construction contracts.

While mall owners and the Malaysia Shopping Malls Association had yet to announce their strategies for the current diffi cult period, it is believed the landlords will off er rental rebates on a case-by-case basis. Photo by Patrick Goh

C O M M E N T S 1 1TUESDAY MARCH 24, 2020 • THEED G E FINANCIAL DAILY

We need to fl atten the curve of the economic recession, nowEconomist calls for fi scal measures to compensate for all lost income in the initial stages of contraction

What the G20 must do

BY TA N E H U N & I V Y K W E K

SAUDI Arabia, this year’s chair of the Group of Twenty (G20), will convene a virtual summit this week to discuss a global response to the Covid-19 cri-sis. Th e emergency meeting could not come too soon. Because global health is a collective public good, any threat to it requires a multilateral response.

Th e health emergency also threat-ens to trigger a global recession and fi nancial crisis. As we learned in 2008, global economic crises must also be met with a multilateral strategy. Timid, uncoordinated, or unilater-al actions by individual countries will be ineff ective, at best, and could lead to a downward spiral of “beg-gar-thy-neighbour” policies.

Th e G20 is the obvious candidate to play the role of global coordinator. Accounting for around 90% of global gross domestic product, it compris-es the world’s largest advanced and emerging economies. And as a forum without a permanent secretariat, it is

agile enough to bring the internation-al community together quickly, as it did in November 2008, at the height of the fi nancial crisis.

On that occasion, G20 leaders gath-ered in Washington, DC, to organise a coordinated response, and then met again in April 2009 in London, where they took steps to stabilise the global economy and restore confi dence.

In today’s emergency, the stakes are even higher, because millions of lives are in peril. As of March 3, the World Health Organization (WHO) put the current mortality rate at 3.4%, based on reported cases.

In advanced economies, health-care systems facing an upsurge in Covid-19 cases are at risk of collaps-ing. In many developing countries, the medical infrastructure for dealing with infectious diseases is limited. Growing pressure on supply chains will make it more diffi cult to acquire basic goods, including medical equipment.

Th is is not a time for timid or sym-bolic action. Th e G20 urgently needs to adopt a plan for addressing the medical emergency, backstopping the global economy, and restoring

confi dence. What follows are sug-gestions — far from an exhaustive list — of the steps policymakers should take.

First, G20 leaders should embrace the principle of “virtuality” fully, by cancelling the rest of the group’s in-person meetings scheduled for this year. By moving online and avoiding unnecessary gatherings such as the Business 20 and other engagement groups, the G20 can set an example for all of those countries and commu-nities on “social distancing”.

Second, the G20 should establish a fund to support WHO’s eff orts to monitor and report on the emer-gency, and to coordinate the supply of basic equipment like testing kits and face masks.

Th ird, the G20 should give WHO a formal seat at the table, as it has already done with the Internation-al Monetary Fund, the World Bank, and the Organisation for Economic Co-operation and Development. Global health has always been a sec-ondary topic for the G20, which has tended to focus only on issues such as access to care and food and water

safety. But as the current crisis shows, the systemic impact of pandemics and the infl uence of public health on economic conditions more broadly should be primary issues of concern.

Fourth, G20 member states must be prepared to help low-income countries that lack the infrastruc-ture, medical provisions, expertise, and personnel to contain the con-tagion. Coordinated action among governments, regional development banks, the United Nations Develop-ment Programme, and other entities is critical in this regard.

Fifth, the G20 should adopt an emergency package to prevent a full-scale collapse of the global economy. Th ere is an urgent need for fi scal stim-ulus, measures to keep global supply chains operating, commitments to es-chewing protectionist measures and unilateral currency devaluation, and ensure ample liquidity in the global monetary and fi nancial system.

As in 2008 and its aftermath, the current crisis demands a comprehen-sive, “whatever it takes” approach, and it is needed now. Monetary pol-icy in the absence of coordinated fi s-

cal policies will have only a limited impact, and fi scal policies designed with only domestic considerations in mind will be far less powerful than they otherwise could have been.

Above all, the G20 must be bold. Th e world has heard enough hollow declarations and tolerated enough puerile diplomatic quarrels. Judging from the fi gures coming out of China’s Hubei province and northern Italy, the global outbreak will worsen sig-nifi cantly before it improves.

Only international coordination can prevent a worst-case scenario. People and businesses around the world are deeply concerned — if not outright panicked — and need reas-surance. World leaders need to put aside petty nationalism and lead. Otherwise, an emergency that already feels like a war could yet become one. — Project Syndicate

Paola Subacchi, professor of interna-tional economics at the University of London’s Queen Mary Global Policy Institute, is the author, most recently, of Th e Cost of Free Money.

BY PA O L A S U B A C C H I

NOW, almost a week into the move-ment control order (MCO), the dev-astating economic eff ects of the nec-essary measures to “fl atten the curve” of infections are plain to see. The shuttered shops and deserted streets are a striking illustration of an econ-omy that, although not at a standstill, is clearly not running at full steam.

Th e eff ects of the lockdown come on top of the drop in tourist arrivals and the supply-chain shock due to the lockdowns in China since Janu-ary. Th is will lead to both a drop in aggregate demand (the public can-not go out to consume) and in supply (the public cannot go out to work).

It will take a few weeks before we get the fi rst indicators that show the true impact on the economy, but that does not mean we can sit idly by until then.

While it is practically impossible at this stage to quantify the impact on the gross domestic product (GDP), it stands to reason that it will be sig-nifi cant. Economist Pierre-Olivier Gourinchas calculated that a drop in economic activity of 50% in a month and 25% in another two months, be-fore returning to baseline, results in a decline in GDP growth of almost 10%!

Initial numbers coming out of Chi-na seem to bear out this estimate. Industrial output dropped by 13.5% in the fi rst two months of the year. Urban unemployment soared, retail sales dropped by more than 20%, and investment by 25%. Th ese fi gures are

unprecedented, and significantly worse than during the global fi nancial crisis of 2008. Chinese GDP could see a fall of 13% for January and February, and the drastic lockdown measures only started on Jan 23.

While other countries have not yet released numbers showing the impact, there is ample reason to be-lieve that all, including Malaysia, will be similarly aff ected.

We are now at a stage where mas-sive intervention is required to pre-vent the economic fabric of the nation from disintegrating. On top of the fi rst-order eff ects of the lockdown, individual consumers and business-es would be acting rationally and in their self-interest to cut their spend-ing and investment, but at the level of the economy this risks translating in a vicious cycle of business losing revenue, defaulting on loans, caus-ing banks to reduce lending, hence reducing investment and consump-tion further etc.

In order to counter this, to “fl atten the curve” of the recession as he calls it, Gourinchas calls for fi scal measures to compensate for all lost income in the initial stages of the contraction. Th e cost of this will obviously be huge. As illustrated above, we should assume that it would amount to 10% of GDP. For Malaysia, this would mean a fi scal package of RM150 billion. Meanwhile, the measures announced in February only amount to RM20 billion, and some of the measures (like discount vouchers for domestic tourism) are no longer applicable under the MCO

(for comparison, the stimulus package rolled out during the global fi nancial crisis in 2009 was RM60 billion).

On cue, the US is debating a stim-ulus package of some US$2 trillion (RM8.88 trillion), or roughly 10% of GDP. Even Germany seems to have bought into this reasoning. Th e fi scal stimulus package they announced amounts to €356 billion (RM1.69 tril-lion), also some 10% of GDP.

Can we aff ord a similar eff ort? Ma-laysia’s debt-to-GDP ratio is similar to Germany’s, for illustration. Yields on Malaysian government debt reached their lowest level in February, al-though they have risen since then, obviously in response to the global economic uncertainty. Th e dynamics of capital fl ows are obviously funda-mentally diff erent between Malaysia and Western economies, and they certainly pose a constraint for fi scal policy, as does the crash in oil prices which aff ects revenues. Nonetheless, there should be room for a vastly big-ger stimulus package, fi nanced by additional government borrowing.

How should the money be spent? We need to compensate lost income for businesses and individuals. For the former, fi nancial support should ena-ble them to keep their employees and safeguard their production capacity. For the latter, income support ensures their ability to maintain their lifestyle. Most of the measures proposed in the previous stimulus package are valid, but generally speaking, they need to be increased in size and expanded in scope to cover the entire economy,

not just selected sectors and workers.For businesses, this support could

take the form of additional funds for already-existing public entities pro-viding company fi nancing, for exam-ple, the lending facility announced in the previous stimulus package. In addition, the government should consider setting up a fund that can take direct equity stakes in failing companies. Bank Negara Malaysia will also have to increase the funding available to fi nancial institutions to ensure they keep providing fi nancing and ease loan terms (eg temporary moratorium on loan payments).

If the support to companies works as intended, most employees should keep receiving their income, and indeed, maintaining employment should be a condition for companies to receive support. However, for the unemployed, existing programmes such as the Employment Insurance Scheme should be increased in size so payouts can reach a level that is proximate with what the newly un-employed workers earned previously. Th e scheme should be expanded to also cover freelance workers in the gig economy, and even consider payouts to workers in the informal economy.

Similarly, payments to the B40 group should also be expanded, for example to an additional RM1,000 per month for the 4.1 million house-holds who are recipients of the Ban-tuan Sara Hidup scheme over the next two months. For proportion, such a measure would cost about RM8.2 billion. The government

should also consider providing subsidies to low-income students to purchase a laptop and an Internet connection so that they can follow online courses. Th e key is to ensure that income levels of both businesses and workers do not drop signifi cantly due to the pandemic, and that future production capacity is protected.

One important caveat is required here: Because the nature of the eco-nomic shock requires extraordinary action, measures targeted at compa-nies so that they survive and maintain employment are justifi ed. However, care should be taken to avoid the situ-ation where losses are socialised and profi ts privatised, as happened in 2008. Support for companies should come with clear conditions, fi rst of all a guarantee to maintain employ-ment of all workers. Next, companies that receive support should agree to suspend dividend payments for the next fi ve years, and stop using stock buy-backs. Strict limits should also be imposed on executive pay.

Once this crisis is behind us, a long and hard look at the fragilities in our economic system and how to address them is necessary, with policy meas-ures to match. But for now, bold and immediate action is required to save our economy as it is.

Tan E Hun is the executive director of Research for Social Advancement (Refsa), a non-profi t, progressive think tank. Ivy Kwek is its research director.

1 2 F O C U S TUESDAY MARCH 24, 2020 • THEEDGE FINANCIAL DAILY

US axed CDC expert job in China months before virus outbreakShe would have alerted them to the growing threat weeks earlier

BY M A R I S A TAY LO R

Several months before the Cov-id-19 pandemic began, the Trump administration eliminated a key American public health position in Beijing intended to help detect disease outbreaks in China, Reu-

ters has learned.Th e American disease expert, a medical

epidemiologist embedded in China’s disease control agency, left her post in July, according to four sources with knowledge of the issue. Th e fi rst cases of the new Covid-19 virus may have emerged as early as November, and as cases exploded, the Trump administration in February chastised China for censoring information about the outbreak and keeping US experts from entering the country to help.

“It was heartbreaking to watch,” said Bao-Ping Zhu, a Chinese American who served in that role, which was funded by the US Centers for Disease Control and Prevention (CDC), between 2007 and 2011. “If someone had been there, public health offi cials and governments across the world could have moved much faster.”

Zhu and the other sources said the Amer-ican expert, Dr Linda Quick, was a trainer of Chinese fi eld epidemiologists who were deployed to the epicentre of outbreaks to help track, investigate and contain diseases.

As an American CDC employee, they said, Quick was in an ideal position to be the eyes and ears on the ground for the US and other countries on the Covid-19 outbreak, and might have alerted them to the growing threat weeks earlier.

No other foreign disease experts were em-bedded to lead the programme after Quick left in July, according to sources. Zhu said an embedded expert can often get word of outbreaks early, after forming close relation-ships with Chinese counterparts.

Zhu and the other sources said Quick could have provided real-time information to the US and other offi cials around the world during the fi rst weeks of the outbreak, when they said the Chinese government tamped down on the release of information and provided erroneous assessments.

Quick left amid a bitter US trade dispute with China when she learned her federally funded post, offi cially known as resident ad-viser to the US Field Epidemiology Training Program in China, would be discontinued as of September, the sources said. Th e US CDC said it fi rst learned of a “cluster of 27 cases of pneumonia” of unexplained origin in Wuhan, China, on Dec 31.

Since then, the outbreak of the disease known as Covid-19 has spread rapidly world-wide, killing more than 13,600 people, in-fecting more than 317,000. Th e epidemic has overwhelmed healthcare systems in some countries, including Italy, and threatens to do so in the US and elsewhere.

During a press briefi ng on Sunday shortly after this story was fi rst published, US Pres-ident Donald Trump dismissed the Reuters report as similar to other stories regarding the CDC that he described as “100 percent wrong,” without addressing whether the role had been eliminated.

US CDC director Dr Robert Redfi eld main-tained the agency’s presence in China “is actually being augmented as we speak,” without elaborating.

In a statement to Reuters before the report was published, the CDC said the elimina-tion of the adviser position did not hinder Washington’s ability to get information and “had absolutely nothing to do with CDC not learning of cases in China earlier.”

Th e agency said its decision not to have a resident adviser “started well before last sum-mer and was due to China’s excellent technical capability and maturity of the programme.”

Th e CDC said it has assigned two of its Chinese employees as “mentors” to help with the training programme. The agen-cy did not respond to questions about the mentors’ specifi c role or expertise.

Th e CDC would not make Quick, who still works for the agency, available for comment.

Asked for comment on Chinese transpar-ency and responsiveness to the outbreak, China’s Ministry of Foreign Aff airs referred Reuters to remarks by spokesman Geng Shuang last Friday. Geng said the country “has adopted the strictest, most compre-hensive, and most thorough prevention and control measures in an open, transparent, and responsible manner, and informed the World Health Organization (WHO) and relevant countries and regions of the latest situation in a timely manner.”

One disease expert told Reuters he was sceptical that the US resident adviser would have been able to get earlier or better infor-mation to the Trump administration, given the Chinese government’s suppression of information.

“In the end, based on circumstances in China, it probably wouldn’t have made a big diff erence,” Scott McNabb, who was a CDC epidemiologist for 20 years and is now a re-search professor at Emory University. “Th e problem was how the Chinese handled it. What should have changed was the Chi-nese should have acknowledged it earlier and didn’t.”

Alert from China’s CDCAlex Azar, secretary of Health and Human Services (HHS) said last Friday that his agen-cy learned of the Covid-19 in early January, based on Redfi eld’s conversations with “Chi-nese colleagues.”

Redfi eld learned that “this looks to be a novel coronavirus [Covid-19]” from Dr Gao Fu, the head of the China CDC, according to an HHS administration offi cial, who spoke on condition of anonymity. “Dr Redfi eld always talked to Dr Gao,” the offi cial said.

HHS and CDC did not make Azar or Red-fi eld available for comment.

Zhu and other sources said US leaders should not have been relying on the Chi-na CDC director for alerts and updates. In general, they said, offi cials in China down-played the severity of the outbreak in the early weeks and did not acknowledge ev-idence of person-to-person transmission until Jan 20.

After the epidemic exploded and China had imposed strict quarantines, Trump ad-ministration offi cials complained that the Chinese had censored information about the outbreak and that the US had been una-ble to get American disease experts into the country to help contain the spread.

Azar told CNN on Feb 14 that he and CDC director Redfi eld offi cially off ered to send a CDC team into China on Jan 6 but still had not received permission for them to enter the country. HHS oversees the CDC.

“Dr Redfi eld and I made the off er on Janu-ary 6th — 36 days ago, 60,000 cases and 1,300 deaths ago,” Azar said. “We made the off er to send the CDC experts in to assist their Chi-nese colleagues to get to the bottom of key scientifi c questions like, how transmissible is this disease? What is the severity? What is the incubation period and can there be asymptomatic transmission?”

Days later, the WHO secured permis-

sion to send a team that included two US experts. Th e team visited between Feb 16 and 24. By then, China had reported more than 75,000 cases.

On Feb 25, the fi rst day the CDC told the American public to prepare for an outbreak at home, US Secretary of State Mike Pompeo accused China of mishandling the epidemic through its “censorship” of medical profes-sionals and media.

Relations between the two countries have deteriorated since then, as Trump has labelled the Covid-19 the “Chinese virus”— a description the Chinese have condemned as stigmatising. Last week, the Chinese government announced that Americans from three US news organisa-tions, The New York Times, The Washington Post and The Wall Street Journal, would be expelled from China.

Once ‘friends’, now rivalsTh e decision to eliminate Quick’s job came as the CDC has scaled back the number of US staff ers in China over the last two years, the sources told Reuters.

“We had already withdrawn many tech-nical public health experts,” the same ex-pert said.

Th e CDC, however, disputed that staff -ing was a problem or that its information had been limited by the move. “It was not the staffi ng shortage that limited our abil-ity” it said.

Th e US CDC team in Beijing now includes three American citizens in permanent roles, an additional American who is temporary and around 10 Chinese nationals, the agency said. Of the Americans, one is an infl uenza expert with expertise in respiratory disease. Covid-19 is not infl uenza, though it can cause severe respiratory illness.

Th e CDC team, aside from Quick, was housed at US Embassy facilities. No Amer-

Medical workers in protective suits working inside an isolated section at a community health service centre, which has received patients with mild symptoms caused by Covid-19 and suspected patients of the virus, in the Qingshan district of Wuhan, Hubei province, China on Feb 8. Photo by Reuters

F O C U S 1 3TUESDAY MARCH 24, 2020 • THEED G E FINANCIAL DAILY

BY B I B H U D AT TA P R A D H A N

& A R C H A N A C H AU D H A RY

BABY Devi has already lost 80% of her month-ly earnings to the spread of Covid-19 — and the worst in India may be yet to come.

The 38-year-old mother of four, who cleans homes for a living, lost jobs with two of her three employers. Like many relatively well-off Indians, they have begun social dis-tancing to fi ght the highly infectious virus.

For Devi, who is now taking home about US$0.67 (RM3) a day, her diminished earn-ings are as much of a concern as her living conditions. As India races to break the chain of transmission of the illness known as Cov-id-19, her family — who live in a cramped single room and share a bathroom and toi-let with two other households — is among those most at risk.

“Th e situation has become so diffi cult,” Devi said by phone from the east of the capital Delhi. “Going out is a problem and staying at home is a problem.”

The quandary facing India’s informal workforce of 450 million people is one of the starkest examples of how social inequality threatens to undermine virus containment eff orts around the world. From undocument-ed minimum-wage workers in the world’s richest postcodes to job-seekers fl ooding into swelling metropolises, the urban poor often have limited access to healthcare, no med-ical insurance and no fi nancial safety net.

Devi’s is the story of more than one third of India’s workers, part of the informal sector that contributes half of the gross domestic product (GDP) in Asia’s third-largest econ-omy. Th e sector employs more than 90% of India’s total workforce — part of the more than 8.8 million households who live in slums spread across urban India.

Most of these men and women work for on average as little as US$2 a day as plumb-ers, house help, garbage collectors, rickshaw pullers and street-side vendors. Th ey do not have the option to work from home, take time off or avoid public transportation to practise social distancing, which is helping save lives across the globe.

Locked downPrime Minister Narendra Modi urged the nation’s 1.3 billion people to follow a day-

ican CDC staff er besides Quick was embed-ded with China’s disease control agency, the sources said.

China in recent weeks has reported a dramatic slowdown in new cases, the result of drastic containment measures including the lockdown of Hubei province, home to 60 million people.

Nevertheless, the infectious disease ex-perts who spoke with Reuters said, the US could use people like Quick with contacts on the ground, especially if fears of a second wave of infections materialises.

Th omas R Frieden, a former director of the CDC, said that if the US resident adviser had still been in China, “it is possible that we would know more today about how this coronavirus [Covid-19] is spreading and what works best to stop it.”

Dr George Conway, a medical epidemi-ologist who knows Quick and had served as resident adviser between 2012 and 2015, said funding for the position had been tenu-ous for years because of a perennial debate among US health officials over whether China should be paying for funding its own training programme.

Yet since the training programme was

Social distancing a luxury that workers on US$2 a day cannot aff ord

Passengers standing in the doorways of train carriages in Mumbai, India. Last week, tens of thousands packed onto trains just so they could get back to the relative safety of their villages. Photo by Bloomberg

long quarantine on Sunday, when his gov-ernment put in place sweeping lockdowns and transportation curbs in urban areas. All passenger and commuter trains were suspended until at least March 31. By yes-terday the country had reported 390 cases, including seven deaths. Many states began implementing curfew-like restrictions — barring more than fi ve people from assem-bling in public.

Even before the restrictions came into play, panic and fear were palpable among the daily wage earners who keep India’s cities rolling. Over last Friday and on Saturday, tens of thousands packed onto trains — risking possible infections in cramped conditions — just so they could get back to the relative safety of their villages.

The restrictions will cause a “massive disruption to their livelihoods,” said Ra-jmohan Panda, additional professor at the Public Health Foundation of India, who has advised the Indian government as well as international organisations such as Unicef and the Gates Foundation. “Without the lux-ury of social security and insurance, the loss of income even if temporary will also aff ect

hygiene and nutrition, thereby making them more susceptible to the virus [Covid-19].”

‘Everyone is afraid’For Mohibul Ansari in Mumbai, the fi ght to feed his fi ve children — who live in the eastern state of Bihar some 1,800km away — got tougher after India’s fi nancial capital went into a virtual lockdown on March 16. Th e cramped plastics factory he works for, in a corner of a city slum, shut down and three of his roommates went back to their homes in other states.

“Everyone is afraid — there’s a terror that’s spreading,” said Ansari, 42, over the phone from Dharavi, the sprawling mini-township once described as Asia’s largest slum. Cov-ering 551 acres — about the size of Mona-co — it is also one of India’s largest cluster of small businesses. “I’ve told my kids to be very careful with the money I’ve sent. God help us if any of us falls ill.”

Migrant workers like Ansari and his fam-ily have little to no access to quality medi-cal care. Th e South Asian nation spent just about US$62.72 per person on health care in 2016, according to the World Health Or-

ganization, roughly six times less than Chi-na. Th e federal government’s commitment to raise funding for health to at least 2.5% of GDP by 2025 — up from 1.2% now — is still a long way away.

Cramped living — 120,000 people share one square kilometre of living space in India’s fi nancial hub, about 12 times the number in New York City — put low-income workers at risk. Suburban trains, the main mode of transportation in Mumbai, carry up to 7.5 million passengers every day — about equal to the population of Hong Kong.

Cash banTh e disruption of daily life in India reminded many of Modi’s shock decision in Novem-ber 2016 to scrap 86% of India’s currency. Th e abrupt disappearance of cash crippled supply chains and led to system-wide job cuts, much as the steps to try and stem the spread of Covid-19 are doing now.

“We know that the relatively small step of demonetisation made life worse for the poorest in India,” said Prabhat Jha, professor at the University of Toronto. “Th e economic disruption from an uncontrolled Covid-19 pandemic would be very large. Together, the health and economic costs suggests that national and state governments must substantially and quickly ramp up their sur-veillance and response.”

Th e southern Kerala state announced 200 billion rupees (RM11.67 billion) worth of aid, while Uttar Pradesh, home to almost one-fi fth of India’s total poor, has announced cash transfers of 1,000 rupees per month to over 3.5 million day labourers and construction workers. Delhi’s Chief Minister Arvind Ke-jriwal also announced measures to alleviate fi nancial stress for the poor, including up to 5,000 rupees pension to be paid to 850,000 benefi ciaries by April 7, and larger rations for those entitled to food subsidies.

Th e federal government has yet to an-nounce any measures other than to set up a government committee late last week to examine the matter.

“We understand that the government is doing things to help people,” said 25-year-old Mohammad Sadique, a tour operator in Mumbai’s Dharavi. “But it’s tough not to feel the panic when we have to live in these conditions.” — Bloomberg

launched in 2001, the sources familiar with it say, it has not only strengthened the ranks of Chinese epidemiologists in the fi eld, but also fostered collegial relationships between public health offi cials in the two countries.

“We go there as credentialed diplomats

and return home as close colleagues and often as friends,” Conway said.

In 2007, Dr Robert Fontaine, a CDC epi-demiologist and one of the longest serving US offi cials in the adviser’s position, received China’s highest honour for outstanding con-

tributions to public health due to his con-tribution as a foreigner in helping to detect and investigate clusters of pneumonia of unknown cause.

But since last year, Frieden and others said, growing tensions between the Trump administration and China’s leadership have apparently damaged the collaboration.

“Th e message from the administration was, ‘Don’t work with China, they’re our rival,’” Frieden said.

Trump’s re-election campaign sent out a statement on Sunday evening dismissing controversy about the CDC’S cut as a mat-ter of politics.

“Democrats are eager to politicise the coronavirus [Covid-19] crisis and weaponise it against President Trump, the statement said. “In so doing, they’re siding with the Chinese and providing cover for Beijing’s cover-up.” — Reuters

This scanning electron microscope image shows SARS-CoV-2 (round blue objects), also known as novel coronavirus, the virus that causes Covid-19, emerging from the surface of cells cultured in the lab which was isolated from a patient in the US. Photo by Reuters

1 4 W O R L D B U S I N E S S TUESDAY MARCH 24, 2020 • THEEDGE FINANCIAL DAILY

SIA grounds most planes It will result in around 138 SIA and SilkAir aircraft not fl ying

BY K A N G S I E W L I

KUALA LUMPUR: Singapore Air-lines Ltd (SIA) said yesterday it will cut 96% of the capacity that has been originally scheduled up to end-April, as more coun-tries impose strict cross-border controls to stem the Covid-19 outbreak.

Th is will result in the ground-ing of around 138 SIA and SilkAir aircraft, out of a total fl eet of 147, it added.

“The group’s low-cost unit Scoot will also suspend most of its network, resulting in the grounding of 47 of its fl eet of 49 aircraft,” SIA said in a statement.

Without a domestic segment, SIA said its group of airlines has become more vulnerable when international markets increasing-ly restrict the free movement of

Airbus scraps goals, lifts liquidity to US$32b in pandemic

BY BENEDIKT KAMMEL, SIDDHARTH

PHILIP & CHARLOTTE RYAN

BERLIN/LONDON: Airbus SE withheld its dividend and extend-ed credit lines, lifting liquidity about 50% to €30 billion (US$32 billion/RM142.08 billion) after the Covid-19 pandemic pushed its airline customers to halt fl ights and stop ordering planes.

Th e European manufacturer also tore up its earnings guidance for the year in an announcement yesterday and said its vast network of suppliers are in dire need of government support, though the company itself is not yet seeking a bailout.

The global aviation indus-try has been among the sectors hit hardest by the health cri-sis, with airlines pushing back against taking existing deliver-ies, let alone purchasing extra jets. Airbus plans to continue production for the moment but said that “operational scenarios” have been identifi ed and could be activated depending on the spread of the virus.

“Th ese are indeed exception-al times,” chief executive offi cer Guillaume Faury said in a con-ference call, adding that the extra funding is aimed at “safeguarding our business to protect the future of Airbus and to ensure we can re-turn to effi cient operations once the situation recovers.”

Airbus canned a shareholder dividend that would have cost it €1.4 billion and has also con-verted a credit facility of about €5 billion into a new line amounting to €15 billion.

Th e Toulouse, France-based company, which has an existing €3 billion credit and a further €12 billion in financial assets, will also suspend a top-up in pension funding. — Bloomberg

SIA says it will cut 96% of the capacity that has been originally scheduled up to

end-April.

BY K I U YA N W O N G

HONG KONG: Hong Kong’s stock exchange welcomed its newest stock with a virtual gong-banging ceremony as the Asian fi nancial hub seeks to keep business going amid a partial lockdown that has now lasted for almost two months to contain the spread of Covid-19.

InnoCare Pharma Ltd, a Chinese biotech fi rm, yesterday became the fi rst initial public off ering (IPO) to debut via a virtual listing ceremony at Hong Kong Exchanges & Clear-ing Ltd, following similar events in both Shanghai and Shenzhen in mainland China. Th e shares rose 11.2% to HK$9.95 (RM5.70) as of 11.30am, even as the benchmark Hang Seng index slid almost 3.3%.

InnoCare, which also moved its presentations to investors online ahead of the IPO, successfully priced

Hong Kong bourse bangs virtual gong on IPO

BY PAULINA DURAN & SWATI PANDEY

SYDNEY: Australia’s banking watchdog yesterday said lenders must account for possible loss from the loan repayment holidays they off ered borrowers aff ected by Cov-id-19 last week, to ensure banks keep stakeholders informed of ac-tion taken amid the outbreak.

Th e Australian Prudential Regu-lation Authority (Apra) said banks must publicly disclose the volume of such loans as well as the nature and terms of any repayment defer-ral. Banks do not need to classify the loans as being in arrears, Apra said.

Measures to combat the health and economic impact of the out-break are threatening the A$3.9 trillion (RM9.97 trillion) loan books of the country’s four largest banks that dominate 80% of the market.

Last week, the banks announced virus support packages that pro-

Australia regulator says banks must provision for virus loan holiday

people or ban air travel altogether.“It is unclear when the SIA

Group can begin to resume nor-mal services, given the uncer-tainty as to when the stringent border controls will be lifted. Th e resultant collapse in the demand for air travel has led to a signif-icant decline in SIA’s passenger revenues.”

SIA also said it is actively taking steps to build up its liquidity, and to reduce capital expenditure and operating costs.

Some of the measures it has taken include deferring upcoming aircraft deliveries, salary cuts for SIA Group’s management with its directors also agreeing to a cut in their fees, and a voluntary no-pay leave scheme up to certain man-agement positions.

“Given the worsening situation, the unions have been engaged on

the additional cost-cutting meas-ures that are needed and more steps will be taken imminently.

“Over the last few days, SIA Group has also drawn on its lines of credits to meet its immediate cash fl ow requirements. Th e group is engaging in discussions with several fi nancial institutions for its future funding requirements,” it added.

Last night, Emirates announced that it will temporarily suspend all its passenger operations from to-morrow amid travel bans around the world. However, it reportedly reversed its decision shortly after, saying it had “received requests from governments and custom-ers to support the repatriation of travellers” and will continue to operate passenger flights to 13 destinations, down from its usual 159.

G20 to forego issuing statement after teleconference callTOKYO: Th e Group of Twen-ty (G20) fi nance leaders will not issue a statement after yesterday’s teleconference, a G20 source told Reuters, un-derscoring the challenge they face in garnering a consensus on how to deal with the rising economic risk from the virus outbreak. At the teleconfer-ence, the fi nance leaders are expected to prepare for a sum-mit complicated by an oil price war between two members, Saudi Arabia and Russia, and a war of words between two oth-ers, the US and China. Saudi Arabia has announced a plan to hold an extraordinary virtu-al leaders’ summit this week “to put forward a coordinated set of policies to protect peo-ple and safeguard the global economy.” — Reuters

S’pore’s key price gauge fl ashes defl ation for fi rst time in decade SINGAPORE: Singapore’s main price gauge slipped into de-flation for the first time in over a decade in February, data showed yesterday, as the Covid-19 pandemic drove de-clines in airfares and holiday expenses. Economists polled by Reuters had been expect-ing a 0.1% year-on-year rise in core infl ation — the central bank’s favoured price measure. But the downturn in prices in the services sector due to the outbreak led to a fall of 0.1% from a year earlier — the fi rst defl ationary print since Janu-ary 2010. — Reuters

Primark closes all stores, stops new orders with suppliers over Covid-19LONDON: Primark is closing all of its stores, a loss of roughly £650 million (RM3.34 billion) worth of net sales a month, and will stop placing new or-ders with suppliers, its parent company Associated British Foods (ABF) said yesterday as the virus outbreak deepens. “A variety of work streams have been established to mitigate the eff ect of the contribution lost from these sales and all expenditure is being reviewed,” ABF said. “We currently es-timate being able to recover some 50% of total operating costs.” — Reuters

Apple scraps curbs on online buyers of iPhones S H A N G H A I : Ap p l e h a s dropped a two-device limit on online purchases of iP-hones, a check of its web stores showed yesterday, just days after changing the checkout procedure amid a Covid-19 pandemic. Drop-down menus in online stores for territories ranging from the US to Hong Kong and mainland China now allow customers to buy more than 10 devices. Curbs stay for some iPad and Macbook models, however. Apple de-clined to comment. — Reuters

I N BR I E F

a US$288 million (RM1.28 billion) transaction earlier this month at the top of its range amid one of the worst market routs in more than three decades. Normally a festive aff air, a listing usually attracts hundreds of people including executives, bank-ers and lawyers as well as caterers.

Hong Kong, which has seen a recent spike in Covid-19 cases, has restricted travel into the city, forc-ing most visitors to self-quarantine for 14 days. Th e virus has infected more than 300,000 people globally and killed almost 15,000, and is set to trigger a steep drop in economic activity across the world.

Th e Shanghai Stock Exchange ar-ranged a virtual listing which started on Feb 23, starting off with a compa-ny from Hubei, the heart of the virus outbreak. Shenzhen Stock Exchange also welcomed its fi rst “cloud listing” on March 6. — Bloomberg

vide aff ected borrowers — main-ly small businesses and home loan customers — with an op-tion to defer repayment for up to six months.

Shares in Commonwealth Bank of Australia, Westpac Bank-ing Corp, National Australia Bank Ltd and Australia and New Zea-land Banking Group Ltd have fallen as much as 31% to 42% in the month since Covid-19 cases began spreading beyond China, the virus’ country of origin.

Th eir shares were 7% to 10% lower in yesterday’s morning trade, while the broader market was 5.8% lower.

Th e government and regulators have also provided banks with sev-eral tools to ensure they can keep funding Australians who, just as in the rest of the world, have been forced to abruptly halt economic activity. — Reuters

W O R L D B U S I N E S S 1 5TUESDAY MARCH 24, 2020 • THEED G E FINANCIAL DAILY

SoftBank unveils dramatic US$41b asset sale planPart of the proceeds would go towards a new share buy-back programme

BY PAV E L A L P E Y E V

& TA K A H I KO H Y U G A

BY S A M U E L S H E N & K A N E W U

BY D A N I E L A W E I & A L L E N WA N

BY S H O KO O D A & AYA K A M A K I

BY S H I R L E Y Z H A O

TOKYO: SoftBank Group Corp un-veiled a plan to raise as much as ¥4.5 trillion (US$41 billion/RM182.04 billion) over the coming year to buy back stock and slash debt, a dra-matic attempt to reassure investors about the stability of its empire amid fallout from the global outbreak of Covid-19.

Billionaire Masayoshi Son’s in-vestment giant said it has author-ised the sale or monetisation over the next four quarters of unspecifi ed assets. It did not say which, but Soft-Bank has major holdings in corpo-rations from China’s Alibaba Group Holding Ltd to sharing-economy stalwarts such as Uber Technolo-gies Inc and WeWork. Part of the sale proceeds would go towards a new share buy-back programme of as much as ¥2 trillion that comes on top of previously announced repur-chases. SoftBank’s shares surged 19%, the most in more than 11 years.

The Japanese conglomerate, which also operates the US$100 billion (RM444 billion) Vision Fund, is considered especially vulnerable to economic shocks because of its ties to unprofi table start-ups across the world. Th e virus-triggered mar-ket rout has spread to credit mar-kets and sparked a surge in the cost of insuring debt against default —

including that of SoftBank, whose credit-default swaps touched their highest level in about a decade.

Alibaba’s stock was down more than 5% in the afternoon in Hong Kong yesterday. SoftBank spokes-woman Hiroe Kotera declined to comment on whether it would sell shares in the Chinese e-commerce

giant. SoftBank Corp, the Japanese fi rm’s domestic telecommunication arm, ended 3.4% lower.

“Th is will just give a short-term boost to SoftBank’s shares but it will not change SoftBank’s funda-mentals,” said Mitsushige Akino, an executive offi cer at Ichiyoshi Asset Management Co in Japan.

“SoftBank is now trying to sell its assets as the values for those are cheap,” Akino said. “Investment companies are supposed to pur-chase assets when they are cheap and sell them when they are expen-sive. It looks like SoftBank is doing the opposite, when they have to invest more money.” — Bloomberg

Son attending a news conference in Tokyo, Japan on Nov 5, 2018. Son’s SoftBank is considered especially vulnerable to economic shocks because of its ties to unprofi table start-ups across the world. Photo by Reuters

SHANGHAI/HONG KONG: At least 10 Chinese fi rms have said they could delay or change plans to raise funds via private share sales after regulators closed a loophole in recently loosened rules designed to help companies battling the eco-nomic impact of Covid-19.

Th e China Securities Regulato-ry Commission eased conditions for private placements last month, allowing bigger sales at deeper dis-counts and tripling the maximum number of participating investors.

Only investors classifi ed as “stra-tegic” can take full advantage of the relaxed rules. However, without an accompanying defi nition, a number of fi rms designated key executives and unrelated fund managers as strategic investors.

Th is led to fear among lawyers and analysts of insiders buying cheap shares to sell later at a high-

er price without contributing to a company’s value.

Since the relaxation, 130 compa-nies have published share sale plans, about half of which named strategic investors, according to Shanghai Securities News, a publication af-fi liated with the state-run Xinhua news agency.

Late last Friday, the regulator elaborated on its defi nition of a strategic investor, saying they must own key resources and participate in the company’s governance. It said they must also have either technological strength to help im-prove profi tability or be able to help boost sales.

Frank Qu, a senior partner at law fi rm Dentons, welcomed the clarifi cation, saying private equity funds, mutual funds, trust plans and insurance products are unlike-ly strategic investors. “Th ey should belong to the category of fi nancial investors.” — Reuters

HONG KONG/SHANGHAI: KFC and Pizza Hut operator Yum China Holdings Inc is trying out new busi-ness lines like catering and deliver-ing raw food for home cooking to boost revenue as Chinese customers shun eating out amid the Covid-19 pandemic.

Last month, China’s biggest fast-food chain operator began custom-ising menus for its corporate clients which allow employees to order food through KFC’s mobile ap-plication tailored to their budget. Pizza Hut is now delivering raw steaks — complete with a recipe that details the exact minutes of frying time — to home cooks. De-livery is “contact-less”; riders drop the food off and stand two metres away to watch people pick up their items.

“The traffic is recovering but it still takes some

time,” chief executive offi cer Joey Wat said in an interview last Th urs-day in Shanghai. “Given the chal-lenge and also the opportunity, we were able to give these a big push.”

Th e Chinese restaurant economy has been at a near-standstill for two months as Covid-19 infected near-ly 81,000 people locally and killed over 3,200 since it emerged from the central Chinese city of Wuhan in December. Even as China’s domes-tic infections dwindle to zero after harsh containment measures kept hundreds of millions of consumers

at home, people remain fearful to go out as the pandemic widens

globally. Cases worldwide now top 300,000 with more than 13,000 dead. — Bloomberg

TOKYO: Japanese equity in-vestors may be thrown into the dark in the upcoming earnings season, as they face the risk of corporate guidance not folding in the impact from the global Covid-19 outbreak, according to strategists from Mitsubishi UFJ Morgan Stanley Securi-ties Co.

Companies will start report-ing their results in April, and many of them will release their numbers for the fi scal year end-ing in March. But with the pan-demic shrouding prospects for the global economy and with a recession creeping into view, fi rms may not be able to prop-erly gauge the impact.

Th at is why investors should refrain from drawing conclu-sions solely from corporate pro-jections, wrote Mitsubishi UFJ-MS strategists including Ukyo Haraguchi in a note last week. “Programme-trading strategies built around pre-set guidance targets could mistakenly judge guidance positively even if the fi gures do not take into account [the] Covid-19 impact,” they added. — Bloomberg

Japan traders left in dark as profi t guidance marred by virus

HONG KONG: China’s wireless carriers are reporting drops in users as the Covid-19 crisis cuts business activity, with China Mobile Ltd, the world’s largest carrier, reporting its fi rst net de-cline since it started reporting monthly data in 2000.

China Mobile subscriptions fell by more than eight million over January and February, data on the company’s website show. China Telecom Corp has said it lost 5.6 million users last month, while China Unicom Hong Kong Ltd subscribers fell by 1.2 million in January.

The rare industry-wide slump in subscribers shows the pandemic crisis that fi rst emerged in China late last year is crimping growth even at businesses that provide essen-tial services and earn monthly revenue. Part of the drop could be caused by migrant workers — who often have one sub-scription for where they work and another for their home region — cancelling their work-region account after the virus prevented them from returning to work, said Chris Lane, an analyst at Sanford C Bernstein & Co. — Bloomberg

China’s mobile carriers lose 15 million users as virus bites

Chinese companies delay fundraising after watchdog tightens rules

Yum China moves to cooking kits, catering to survive Covid-19

Wat: Given the challenge and also the opportunity, we were

able to give these a big push. Photo by Reuters

1 6 W O R L D B U S I N E S S TUESDAY MARCH 24, 2020 • THEEDGE FINANCIAL DAILY

ECB ready to do more for Covid-19 emergencyTh e bank had agreed to a range of stimulus measures

BY G I U L I A S EG R E T I

BY J E S S E H A M I LTO N

BY L AU R A H U R S T

BY A R U N D E V N AT H

Fishermen sitting at the Main river near the ECB during a partial lockdown in Frankfurt, Germany on Sunday as the spread of Covid-19 continued. The bank is ready to increase the size of the emergency bond purchase programme announced last week, says Visco. Photo by Reuters

DHAKA: European and US buyers including Primark, the budget fash-ion chain owned by Associated Brit-ish Foods plc, have cancelled about US$1 billion (RM4.44 billion) of Bangladesh garment orders as the Covid-19 outbreak roils demand.

As many as 347 Bangladesh garment factories had seen orders scrapped, Asif Ibrahim, a director of the Bangladesh Garment Man-ufacturers and Exporters Associ-ation, said.

While Bangladesh, the world’s biggest garment exporter after Chi-na, has been relatively unscathed with 27 virus infections, order can-cellations may hit the economy hard. Ready-made clothing fac-tories employ four million people and the industry accounts for 13% of the South Asian nation’s gross domestic product.

‘I urge you all to kindly steer through this crisis together,” Ruba-na Huq, president of the exporter group, wrote in a letter to retailers

ROME: The measures adopted by the European Central Bank (ECB) in response to the Covid-19 emergency are sufficient and ef-fective but the bank is ready to do more if necessary, a member of its Governing Council, Ignazio Visco, said yesterday.

With Europe’s economy under pressure from the virus outbreak, the ECB has agreed to a range of stimu-lus measures including ultra-cheap loans to banks and asset buys worth €1.1 trillion (RM5.23 trillion) this year, with the aim of keeping bor-rowing costs at rock bottom.

“The set of measures adopted has been effective in relieving tensions. We believe today (yes-terday) that these are sufficient, but we are ready to do more if needed,” Visco, also the governor of the Bank of Italy, told newspa-per La Stampa in an interview.

He added that the ECB is ready to increase the size of the emer-gency bond purchase programme announced last week as well as changing its composition and length in time.

“We will do whatever it takes to ensure the good functioning of financial markets and the trans-

mission to monetary policy in all of the euro area,” Visco said, calling on a coordinated effort by all European Union member states in order to come out of the emergency better and quicker.

Asked about a so-called coro-

nabonds — eurozone bonds used to cushion the economic fallout from Covid-19 — Visco said it is important to rapidly defi ne an in-strument that would allow the area to launch a “reconstruction” phase.

The European Commission

this week is likely to present a tool for the eurozone’s Europe-an Stability Mechanism bailout fund to fight the effects of the epidemic, vice-president Valdis Dombrovskis said on Saturday. — Reuters

European retailers cancel US$1b of Bangladesh garment orders

urging them to not cancel orders. “Let the production go on. In case of urgency, we can accept deferred payments.”

The order cancellations are a setback for Bangladesh, which has been making steady econom-ic gains with growth set to expand more than 7% for the fi fth straight year as per pre-virus forecast from the International Monetary Fund (IMF). Th e administration head-ed by Bangladeshi Prime Minister Sheikh Hasina spearheaded poli-cies that had boosted per-capita income — estimated by the IMF to US$1,906 last year — almost on a par with India’s US$2,172.

“For Bangladesh, the main expo-sure is reliance on exports to Europe and the US, which are likely to slow sharply,” Moody’s Investors Service said in a statement last Th ursday, keeping the nation’s credit rating at Ba3, a junk rating. “However, Moody’s expects the shock to be temporary, with supply chains and demand starting to recover later this year.” — Bloomberg

LONDON: Morgan Stanley and Goldman Sachs Group Inc econ-omists said Covid-19 will infl ict greater economic pain than they had previously expected, warning of a record plunge in US output in the second quarter and a deeper global recession.

Morgan Stanley’s US econo-mists led by Ellen Zentner told clients in a report on Sunday that they now see American gross domestic product (GDP) falling 30.1% in April to June. Th at will drive up unemployment to an average 12.8% over the period, they said.

At Goldman Sachs, Jan Hat-zius’s team said in a report they now expect the world economy to contract about 1% this year, which would be a bigger decline than in 2009 amid the fi nancial crisis. Th ey were already project-ing a 24% drop in US output in the next quarter.

Th e dire forecasts from two of Wall Street’s biggest banks refl ect the sudden stop that the US and European economies are wit-nessing following China’s slump at the start of the year.

Such predictions are raising

fears of a depression, but Morgan Stanley economists said in a sep-arate report that a sustained con-traction should be avoided given the response of fi scal and monetary policymakers. Morgan Stanley and Goldman Sachs anticipate a recov-ery beginning in the third quarter, although that is subject to risks.

“Economic activities have come to a near standstill in March,” the Morgan Stanley economists said. “As social distancing measures in-crease in a greater number of ar-eas and as financial conditions tighten further, the negative ef-fects on near-term GDP growth become that much greater.” — Bloomberg

LONDON: Royal Dutch Shell plc said it would not continue with the next phase of its share buy-back programme, joining a growing list of energy companies enacting cost savings to weather the market crisis.

The oil major announced yesterday it was taking “imme-diate steps to ensure the fi nan-cial strength and resilience” of its business. Th e decision to sus-pend share repurchases follows similar moves by Italy’s Eni SpA and Norway’s Equinor ASA as the Covid-19 pandemic and a glut of supply ravage commodity prices.

Shell said its intention to com-plete the buy-back programme remains unchanged, though it is not likely feasible before end-2020. Th e company sees a reduction in 2020 cash capital spending to no more than US$20 billion (RM88.8 billion) from the planned US$25 billion. It also expects to cut un-derlying operating cost between US$3 billion and US$4 billion over the next 12 months from 2019 lev-els. Th e measures come as little surprise. Its chief executive offi cer Ben van Beurden warned earlier this year it would probably miss its buy-back target if the macro-economic environment does not improve. — Bloomberg

WASHINGTON: Th e US Federal Reserve (Fed) and other agencies of the country are giving banks more leeway to ease debt bur-dens for borrowers hit hard by Covid-19 without triggering rules that can put problem loans in a regulatory penalty box.

Banks can modify loan terms, such as reducing interest rates or giving borrowers more time to pay their debts, without necessar-ily having to label those situations as “troubled debt restructurings” (TDRs), according to a Sunday statement from the Fed, Offi ce of the Comptroller of the Currency, Federal Deposit Insurance Corp and other regulators.

Th e agencies raised an exam-ple of lenders giving borrowers six-month-long modifications that could include payment de-ferrals, fee waivers and repay-ment extensions.

“Short-term modifications made on a good faith basis in re-sponse to Covid-19 to borrowers who were current prior to any re-lief are not TDRs,” the regulators said in the statement. Examiners of the banking agencies will be under orders to use judgement when reviewing modifi cations and not automatically downgrade the status of the loans. — Bloomberg

Morgan Stanley, Goldman Sachssee virus causing greater economic pain than previously expected

Fed, other US regulators ease constraints for borrowers

Shell curbs buy-back, cuts spending forecast

The forecasts from the two banks refl ect the sudden stop that the US and European

economies are witnessing following China’s slump at the

start of the year.

W O R L D 1 7TUESDAY MARCH 24, 2020 • THEED G E FINANCIAL DAILY

Johnson threatens UK lockdown as public ignore virus warningsBritons are still meeting in parks, travelling to coastal towns

OTTAWA: The Canadian death toll from the Covid-19 outbreak jumped by more than 50% on Sun-day, and impatient offi cials threat-ened to punish people refusing to take precautions to fi ght the spread of the highly contagious illness.

The number of deaths from the respiratory disease rose to 20 by 6pm on Sunday from 13 the previous day, Ottawa said, while the number of confi rmed cases jumped to 1,430 from 1,099. Th ere are Covid-19 cases in all 10 Cana-dian provinces.

Canada has already closed its borders to all but essential travel and announced a C$27 billion (RM82.88 billion) aid package for people and businesses most af-fected by the crisis. Prime Minister Justin Trudeau said more meas-ures would be needed.

“We’re looking now at what those next steps are to ensure that our economy is able to pick up again once we’re through this. It is likely to take months,” he told reporters

on Sunday, but did not give details.Th e House of Commons will

return today to approve the stim-ulus package. A handful of legis-lators will be present, since only 20 parliamentarians are needed to conduct business.

Ottawa says people who have returned from abroad must iso-late themselves for 14 days and Health Minister Patty Hajdu said she could use the federal Quaran-tine Act to sanction those ignoring that requirement.

“We will use every measure ... to ensure compliance,” she told a briefi ng. “[Th is] could include monetary penalties up to, and including, criminal penalties.” — Reuters

Virus rescue plan stalled when Democrats block McConnell’s off er

Canadian offi cials could punish those ignoring precautions as Covid-19 death toll jumps

BY S T UA R T B I G G S

LONDON: British Prime Minister Boris Johnson warned Britons they face “tougher measures” including a potential full lockdown if they continue to ignore calls to stop so-cial gatherings, as his government asks Parliament to grant sweeping powers to tackle the accelerating Covid-19 outbreak.

With the UK’s weekend news-papers full of reports about peo-ple meeting in parks and travel-

ling to coastal towns, the prime minister said his government may be forced to take more stringent methods to enforce social distanc-ing, and will consider options over the next 24 hours.

“We need to think about the kinds of measures that we’ve seen elsewhere, other countries that have been forced to bring in re-strictions on people’s movements altogether,” Johnson said at a tel-evised news conference on Sun-day. “Some people are not mak-

ing it easy for us because they are congregating in a way that helps spread the disease.”

Th is week, the government will seek to fast-track emergency legis-lation through Parliament, giving it more power to close meeting places and detain people who are a dan-ger to public health. Th e measures refl ect the growing sense of crisis, with Johnson warning on Saturday that the National Health Service is as little as two weeks away from be-ing swamped. — Bloomberg

WASHINGTON: Republicans and Democrats in the US Congress stumbled in their attempt to en-gineer a quick jolt to a sinking econ-omy with a US$2 trillion (RM8.88 trillion) stimulus despite the rising Covid-19 death toll, plunging fi nan-cial markets and dire predictions of a deep recession.

Negotiations to break the impasse over the stimulus legislation contin-ued into the night on Sunday after Senate Democrats voted to reject Majority Leader Mitch McConnell’s latest version of the plan, which had been the product of frenzied biparti-san negotiations a day earlier.

Senate Democratic leader Chuck Schumer met several times on Sun-day night, including at 11.45pm, with Treasury Secretary Steven Mnuchin, who has been conduct-ing what amounted to shuttle diplo-macy between the two sides.

While many details of the plan

LONDON: UK scientists are to track the spread of the new virus and watch for emerging mutations by using genomic sequencing to ana-lyse the strains causing thousands of Covid-19 infections across the country, Britain said yesterday.

Researchers will collect data from samples from infected patients in England, Wales, Scotland and North-ern Ireland, the government said in a statement.

At least 281 Britons have died from Covid-19, the disease caused by the new virus that has spread around the world in a pandemic.

“Th is virus is one of the biggest threats our nation has faced in re-cent times, and crucial to helping us fi ght it is understanding how it is

DUBAI: Th e US should lift sanctions if Washington wants to help Iran to contain the Covid-19 outbreak, Ira-nian President Hassan Rouhani said yesterday, adding that Iran had no intention of accepting Washington’s off er of humanitarian assistance. “American leaders are lying ... If they want to help Iran, all they need to do is to lift sanctions .... Th en we can deal with the coronavirus [Cov-id-19] outbreak,” Rouhani said in a televised speech.

Iran is the Middle Eastern na-tion worst hit by Covid-19, with around 1,700 deaths, over 21,000

BY D AV I D L J U N G G R E N

BY S T E V E N T D E N N I S

BY K AT E K E L L A N D

BY PA R I S A H A F E Z I

UK scientists to track mutations in pandemic to map spread

Rouhani: US should lift sanctions if it wants to help Iran amid Covid-19

had been hashed out, some fun-damental diff erences had not been bridged. Th e recriminations began immediately after McConnell’s bid for a procedural vote failed.

An incensed McConnell cited plummeting stock futures to ex-press the urgency to act yester-day, and the Kentucky Republi-can ripped Schumer and House Speaker Nancy Pelosi.

“We’re fiddling here. We’re fi ddling with the emotions of the American people, fiddling with the markets,” McConnell said on the Senate fl oor. “Th is obstruction achieves nothing.”

Schumer complained that Mc-Connell’s bill was partisan. He said it amounts to “a large corporate bailout” with insuffi cient oversight, and shortchanges the healthcare response to the pandemic. He said there should be “much more mon-ey” for hospitals for equipment that is rapidly becoming in short supply. — Bloomberg

spreading,” said Sharon Peacock, director of Public Health England’s national infection service.

Working in teams across Britain, scientists will map out and analyse the full genetic codes of the Cov-id-19 samples.

“Genomic sequencing will help us understand Covid-19 and its spread. It can also help guide treatments in the future and see the impact of interventions,” Pat-rick Vallance, the government’s chief scientifi c adviser, said in the statement.

In epidemics, genome sequenc-ing can help scientists monitor small changes in the virus at a national or international scale to understand how it is spreading and whether diff erent strains are emerging. — Reuters

infected people and one person dying from the virus every 10 minutes, according to the health ministry.

Washington has off ered hu-manitarian assistance to its long-time foe. But the country’s top authority Supreme Leader Aya-tollah Ali Khamenei on Sunday rejected the off er.

Tensions between the two countries have been running high since 2018, when US President Donald Trump exited Tehran’s 2015 nuclear deal with six world powers and reimposed sanctions that have crippled the Iranian economy. — Reuters

Pedestrians walking through Piccadilly Circus in the West End district in London on March 20. Photo by Bloomberg

Hajdu says she could use a federal act to sanction those ignoring the requirement to isolate themselves for 14 days. Photo by Reuters

1 8 W O R L D TUESDAY MARCH 24, 2020 • THEEDGE FINANCIAL DAILY

Cui stands fi rm against Covid-19 origin theoriesChina’s ambassador makes unusual break from the country’s foreign ministry

MANIL A: The Philippine Congress held a special ses-sion on the Internet yester-day to debate a push by the country’s strongman leader to adopt sweeping emergen-cy powers, in a bid to avert chaos from a rapid spread of Covid-19.

With borders closed to for-eigners and tens of millions of people on home quarantine, President Rodrigo Duterte wants the power to — where necessary — control supplies and public utilities, order businesses to help the gov-ernment and pull funds from state enterprises and depart-mental budgets for emergen-cy health needs.

If approved, the grant-ing of the powers would be one of the most aggressive steps to tackle Covid-19 as governments worldwide roll out stricter measures, includ-ing across Southeast Asia, which saw a more than dou-bling of cases in the past week to nearly 3,700, from 166 a month ago.

The Philippines has con-firmed 396 cases and 33 deaths, but health officials acknowledged limited test-ing for Covid-19 means its already overstretched health system could be facing far more infections than the numbers indicate. — Reuters

Duterte seeks powers over fi rms, fundsto avert crisis

BY P E T E R M A R T I N

BY M A R T I N P E T T Y

& N E I L J E R O M E M O R A L E S

BEIJING: China’s ambassador to the US has reaffi rmed his opposition to promoting theories that the virus that causes Covid-19 originated in an American military laboratory, in an unusual break from the coun-try’s foreign ministry.

Chinese Ambassador Cui Tiankai (pic) said in an interview with Axios on HBO that he stood by his Feb 9 statement that it would be “crazy” to spread such theories.

Since his original re-marks, the ministry of for-eign affairs here has r e p e a t e d l y posted state-ments spec-

ulating a possible US origin for the virus, fi rst detected in the central Chinese city of Wuhan.

“Such speculation will help no-body. It’s very harmful,” Cui said in the interview aired on Sunday. “Eventually, we must have an answer to where the virus origi-

nally came from. But, this is the job for scientists

to do [and] not for dip-lomats.”

Cui’s comments represent a sharp pub-lic rebuke to foreign ministry spokesman Zhao Lijian, who has publicly questioned

whether the virus originat-

e d i n China

and even touted the idea that it might have been introduced by US Army athletes.

Such public diff erences are rare among Chinese offi cials famous for sticking closely to the Communist Party’s offi cial line.

Cui is appointed directly by President Xi Jinping and holds a vice-ministerial rank in China’s political hierarchy.

Th at makes him two levels senior to Zhao, whose offi cial title is depu-ty director of the foreign ministry’s Information Department.

Th e ministry spokesman’s state-ments have been echoed in offi cial state media in recent days, provok-ing anger in Washington.

US President Donald Trump has taken to calling the pathogen the “Chinese virus” and blamed the

US’ outbreak on the Asian country’s early failures to control the disease.

Meanwhile, China has also found itself in a tit-for-tat with the Trump administration over foreign journalists here.

Last week, authorities in the for-eign ministry expelled at least 13 American journalists from here and forced at least seven Chinese nationals to stop working for Amer-ican news outlets there.

Asked by Axios on HBO about Zhao’s comments, Cui referred the question back to the spokesman and his authority as ambassador to speak on behalf of the Chinese government.

“Maybe you could go and ask him,” Cui said. “I’m here repre-senting my head of the state and my government.” — Bloomberg

HONG KONG: Hong Kong will ban non-residents from visiting for 14 days and prevent bars from serving alcohol as the city sees a second wave of imported Cov-id-19 cases.

Th e travel measure will take ef-fect at midnight tomorrow, Hong Kong Chief Executive Carrie Lam said in a news conference yester-day. Hong Kong will also halt all airport transit services and impose

harsher punishments for quaran-tine violators, she said.

“To anyone who intends to breach the quarantine orders, an-yone who still wants to go out and meet up with friends, can you not be restrained for some more time so Hong Kong can win this battle?” Lam said, fi ghting back tears.

Hong Kong has seen import-ed Covid-19 cases spiking as for-eign and local residents returned from overseas ahead of a govern-ment deadline last week imposing

a mandatory 14-day quarantine on all arrivals.

Amid last week’s looming dead-line, residents arriving here from abroad pushed Hong Kong’s dai-ly tally of new confi rmed cases to 48, the highest since the outbreak began.

Hong Kong reported 39 new cases yesterday, bringing the city’s total to 356 cases. Th at is still fewer than Singapore, which had initial-ly won praise for its eff ective con-tainment measures. — Bloomberg

BANGKOK: Th e Covid-19 pan-demic led to a rare surge of on-line posts in Th ailand question-ing the monarchy on Sunday and a government minister sub-sequently warned that inappro-priate posts could lead to jail.

Insulting the monarchy is a crime, punishable by up to 15 years in prison.

A Thai-language hashtag translating into #whydowe-needaking? was one of the top trending topics on Twitter in Thailand after an overseas Th ai activist posted about King Maha Vajiralongkorn continu-ing to travel in Germany during the Covid-19 crisis.

King Vajiralongkorn, 67, who was crowned last year, has a second home in Germa-ny. He spends much of his time outside Th ailand.

Th e hashtag questioning the monarchy was used more than 1.2 million times in 24 hours by Sunday, according to data on Twitter based on hashtags trending for users in Th ailand.

Thailand’s Royal Palace did not respond to requests for comment on the posts. — Reuters

JAKARTA: Indonesia’s capital Jakarta shut cinemas and other public entertainment yester-day at the start of a two-week emergency period to try slow-ing the accelerating spread of Covid-19 in Southeast Asia’s biggest city.

Th e new measures, includ-ing urging people to work from home, still fall short of tougher lockdowns imposed by neigh-bours amid concerns among some experts that the archi-pelago of 260 million people is not doing enough to contain the virus.

National police spokesman Muhammad Iqbal said 465,000 police across Indonesia would disperse any public gatherings “for the sake of public safety” though a photograph posted on social me-dia of a packed commuter train here quickly went viral.

President Joko Widodo (Jokowi) yesterday off ered his condolences after a medical as-sociation said six doctors and nurses had died after contract-ing the virus.

“I would like to thank them for their hard work, for their dedication in dealing with Cov-id-19,” said Jokowi. — Reuters

Pandemic prompts rare questioning of Thai monarchy

Emergency measures invoked in JakartaBY M A I K E L J E F R I A N D O

& A N G I E T EO

Hong Kong bans all non-residents, says bars cannot serve alcoholBY I A I N M A R LO W & N ATA L I E LU N G

A local resident with protective mask seen at an almost-empty pubs area in Lan Kwai Fong, a popular nightlife destination of Hong Kong, last Friday. The city has seen imported Covid-19 cases spiking as foreign and local residents returned from overseas ahead of a government deadline last week imposing a mandatory 14-day quarantine on all arrivals. Photo by Reuters

REUTERS

1 9

TUESDAY MARCH 24, 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 1,259.88 -43.40 -3.33FBM ACE 3,351.94 -167.18 -4.75FBM TOP 100 8,458.11 -331.19 -3.77FBM EMAS 8,501.62 -341.16 -3.86FBM MID 70 9,352.90 -535.37 -5.41FBM MIDS CAP 8,505.97 -583.32 -6.42FBM SMALL CAP 7,893.32 -516.47 -6.14FBM FLEDGLING 9,822.67 -355.31 -3.49FTSE4GOOD BURSA M’SIA 690.59 -24.43 -3.42FBM PALM OIL PLANTATION MYR N/A N/A N/AFBM EMAS SHARIAH 9,328.20 -335.94 -3.48FBM HIJRAH SHARIAH 10,883.01 -373.86 -3.32FBM MIDS CAP SHARIAH 8,019.36 -572.31 -6.66

INDICES CLOSE +/- %CHGCONSTRUCTION 123.02 -8.40 -6.39CONSUMER PRODUCTS & SERVICES 467.30 -16.98 -3.51ENERGY 531.17 -47.66 -8.23FINANCIAL SERVICES 11,361.59 -459.92 -3.89HEALTH CARE 1,162.45 -22.22 -1.88INDUSTRIAL PRODUCTS & SERVICES 95.13 -4.62 -4.63PLANTATION 5,730.70 -206.93 -3.49PROPERTY 495.19 -22.10 -4.27REAL ESTATE INVESTMENT TRUSTS 793.04 -10.14 -1.26TECHNOLOGY 24.52 -1.81 -6.87TELECOMMUNICATION & MEDIA 498.37 -13.85 -2.70TRANSPORTATION & LOGISTICS 490.20 -24.41 -4.74UTILITIES 753.40 -29.45 -3.76

INDICES CLOSE +/- %CHG

Sectorial Movement

CONSUMER PRODUCTS & SERVICES 0.959 0.530 0.605 0.570 0012 3A 0.600 -0.010 508.7 0.585 10.03 3.33 295.2 0.255 0.040 0.050 0.045 5238 AAX 0.045 -0.005 7306.9 0.046 — — 186.7 0.440 0.220 0.300 0.275 7120 ACOSTEC 0.300 0.005 617.1 0.289 — — 58.4 1.830 0.910 0.990 0.955 6599 AEON 0.990 -0.010 1166.1 0.973 12.72 4.04 1,390.0 0.185 0.040 0.045 0.045 7315 AHB 0.045 -0.005 10 0.045 — — 7.9 2.150 0.500 0.650 0.570 5099 AIRASIA 0.610 -0.070 72915 0.620 — 39.34 2,038.6 17.706 9.960 11.400 10.500 2658 AJI 11.300 -0.100 28.6 11.093 12.31 4.16 687.0 5.991 4.500 4.550 4.500 6351 AMWAY 4.550 -0.050 7.4 4.524 14.62 4.40 748.0 0.025 0.005 — — 5194 APFT 0.005 — — — 0.14 — 6.7 3.889 2.450 2.560 2.450 6432 APOLLO 2.560 -0.140 17.3 2.533 14.06 7.81 204.8 0.240 0.070 0.090 0.075 1481 ASB 0.085 -0.005 6442.6 0.081 1.05 2.94 79.0 0.580 0.420 — — 7722 ASIABRN 0.440 — — — 8.43 — 102.4 2.486 1.300 1.380 1.300 7129 ASIAFLE 1.380 0.030 66.6 1.342 6.47 10.14 268.8 4.400 3.800 3.960 3.850 7048 ATLAN 3.900 -0.100 85 3.913 39.84 5.13 989.2 0.210 0.020 0.040 0.030 8885 AVI 0.040 UNCH 3429.4 0.035 — — 37.8 34.678 9.260 9.610 9.260 4162 BAT 9.260 -0.450 1371.6 9.378 7.65 12.74 2,644.0 2.688 0.935 0.985 0.950 5248 BAUTO 0.980 -0.020 1804.9 0.971 7.25 11.17 1,140.3 1.773 1.000 1.250 1.130 5196 BJFOOD 1.230 0.030 906.5 1.169 24.90 3.25 470.0 0.270 0.105 0.155 0.120 4219 BJLAND 0.155 0.015 16998 0.142 — — 775.1 2.691 1.940 2.210 2.010 1562 BJTOTO 2.200 UNCH 4014.5 2.154 14.08 7.27 2,972.3 1.344 0.320 0.410 0.400 9288 BONIA 0.405 0.005 12.6 0.401 4.12 4.94 81.6 0.390 0.070 0.100 0.090 9474 BRAHIMS 0.095 UNCH 155.4 0.094 — — 22.4 0.625 0.195 0.220 0.210 7174 CAB 0.215 -0.020 176.1 0.213 — 1.16 148.5 0.595 0.185 0.200 0.185 7154 CAELY 0.195 -0.025 257.3 0.195 — — 32.1 0.305 0.170 — — 7128 CAMRES 0.205 — — — 410 — 40.3 2.600 1.811 2.600 2.570 5245 CARING 2.570 UNCH 82.1 2.571 27.90 2.33 559.5 39.260 17.380 20.080 18.980 2836 CARLSBG 19.720 -1.280 721.6 19.604 20.72 4.56 6,029.4 2.140 1.160 1.190 1.160 2925 CCB 1.160 -0.030 164.4 1.176 — — 116.9 0.637 0.300 0.325 0.305 7035 CCK 0.315 -0.020 683.1 0.316 5.90 3.97 198.7 0.330 0.185 — — 7209 CHEETAH 0.185 — — — 12.85 2.16 23.6 1.480 0.820 0.850 0.850 2828 CIHLDG 0.850 -0.050 5 0.850 4.46 9.41 137.7 0.095 0.030 — — 5104 CNI 0.035 — — — — 8.57 25.2 0.055 0.020 — — 5188 CNOUHUA 0.020 — — — 100 — 13.4 2.114 1.390 1.440 1.420 7205 COCOLND 1.440 -0.020 22 1.428 8.87 7.99 329.5 1.079 0.570 0.605 0.590 7202 CSCENIC 0.590 -0.020 40 0.599 11.39 8.47 71.1 0.491 0.240 0.250 0.245 9423 CWG 0.245 -0.005 31.9 0.245 9.72 6.12 30.9 0.035 0.020 0.025 0.020 7179 DBE 0.020 UNCH 3265.7 0.020 6.06 — 56.7 1.130 0.760 1.020 1.010 7119 DEGEM 1.020 0.030 12 1.018 30.27 — 136.7 2.990 1.680 1.770 1.680 5908 DKSH 1.700 -0.080 109.1 1.718 6.86 5.88 268.0 63.855 34.000 37.800 37.120 3026 DLADY 37.300 -0.700 5.3 37.329 23.17 2.68 2,387.2 2.962 0.980 1.170 1.070 1619 DRBHCOM 1.100 -0.090 5875 1.104 4.37 2.73 2,126.6 0.120 0.035 0.040 0.040 2097 EASTLND 0.040 UNCH 345.4 0.040 — — 13.0 0.634 0.460 — — 5081 EIG 0.490 — — — 15.61 6.12 116.2 0.065 0.025 0.035 0.025 7182 EKA 0.025 -0.015 255.3 0.032 — — 7.8 0.250 0.080 0.085 0.080 9091 EMICO 0.085 -0.005 250 0.082 3.95 — 9.0 1.120 0.720 — — 7149 ENGKAH 0.780 — — — 71.56 7.69 55.2 0.235 0.080 0.200 0.195 7208 EURO 0.200 UNCH 2702.9 0.200 — — 53.5 0.500 0.320 — — 7094 EUROSP 0.500 — — — — — 22.2 36.213 24.120 29.000 28.000 3689 F&N 28.000 -2.000 194.5 28.191 24.70 2.14 10,269.8 0.740 0.570 — — 2755 FCW 0.595 — — — 9.47 16.81 148.7 0.518 0.350 0.375 0.375 6939 FIAMMA 0.375 0.005 15 0.375 7.13 5.33 191.3 0.509 0.145 0.150 0.145 8605 FIHB 0.145 -0.015 75.8 0.150 2.07 — 15.8 1.820 1.080 1.210 1.110 9172 FPI 1.150 -0.060 512.2 1.162 6.85 9.57 284.5 3.720 0.710 1.660 1.580 7184 G3 1.660 -0.050 14.1 1.593 — — 777.0 3.260 1.500 1.720 1.600 5102 GCB 1.660 -0.110 1919.7 1.663 6.30 1.51 1,675.1 0.500 0.315 0.320 0.315 5592 GCE 0.320 UNCH 20.8 0.320 — — 63.0 3.790 1.830 1.920 1.830 4715 GENM 1.830 -0.140 50211 1.874 7.41 6.01 10,866.6 6.830 2.910 3.220 3.080 3182 GENTING 3.110 -0.250 10986 3.141 6.00 4.02 12,057.1 0.415 0.035 0.050 0.045 5079 GETS 0.045 -0.005 85 0.049 — — 5.7 0.165 0.070 0.080 0.080 0136 GREENYB 0.080 -0.010 10 0.080 7.08 2.00 26.7 2.624 1.130 1.230 1.130 7668 HAIO 1.130 -0.110 445 1.162 8.59 10.62 339.3 3.920 2.950 3.100 2.950 5008 HARISON 2.950 -0.240 27.6 3.020 8.05 6.78 202.0 0.155 0.030 0.035 0.035 5187 HBGLOB 0.035 -0.005 50 0.035 1.91 — 16.4 31.740 17.300 19.800 18.660 3255 HEIM 19.760 -0.340 420.7 19.531 19.07 5.47 5,969.5 11.401 6.040 6.860 6.630 3301 HLIND 6.860 -0.160 64.6 6.744 6.91 7.22 2,249.4 0.738 0.355 0.470 0.390 5160 HOMERIZ 0.410 -0.010 410.5 0.409 4.90 7.32 123.0 0.945 0.745 0.795 0.750 5024 HUPSENG 0.770 -0.025 463.5 0.759 14.84 7.79 616.0 0.350 0.150 0.220 0.180 8478 HWATAI 0.190 -0.005 86.4 0.211 — — 14.2 0.490 0.160 0.195 0.185 9113 ICONIC 0.190 -0.010 1046.1 0.189 — — 61.5 0.800 0.055 0.075 0.065 7243 IMPIANA 0.070 -0.010 2557.8 0.068 7.29 — 53.7 0.740 0.250 0.295 0.270 5295 INNATURE 0.275 -0.050 900.3 0.278 5.77 — 194.1 1.210 0.210 0.240 0.230 5107 IQGROUP 0.230 -0.020 35 0.233 — — 20.2 0.075 0.025 0.030 0.025 7223 JADI 0.025 -0.010 1626.1 0.030 — — 25.9 1.150 0.680 0.780 0.680 7152 JAYCORP 0.705 -0.075 78.4 0.703 5.13 14.18 96.8 0.420 0.160 0.200 0.200 8931 JERASIA 0.200 0.030 5 0.200 10.99 — 16.4 1.873 0.980 1.040 0.990 7167 JOHOTIN 0.995 -0.105 1857.3 1.010 6.36 6.43 308.9 0.380 0.120 0.180 0.120 8672 KAMDAR 0.180 -0.045 58.1 0.135 200.0 — 35.6 0.643 0.260 0.300 0.290 5247 KAREX 0.300 -0.010 1466.9 0.298 — 1.67 300.7 1.742 0.815 0.860 0.845 7216 KAWAN 0.845 -0.015 41.3 0.850 25.53 2.96 303.8 0.642 0.165 0.235 0.215 6203 KHEESAN 0.235 UNCH 356.8 0.229 — 4.26 26.9 1.750 1.250 — — 7062 KHIND 1.550 — — — 33.33 — 62.1 3.110 0.295 0.915 0.850 7130 KPOWER 0.855 -0.100 1081.6 0.881 14.74 — 71.6 0.120 0.035 0.040 0.035 5172 KSTAR 0.040 UNCH 619.8 0.038 — — 17.8 0.195 0.025 0.030 0.030 4847 KTB 0.030 UNCH 5 0.030 — — 12.1 0.630 0.210 0.240 0.210 1643 LANDMRK 0.215 -0.035 107 0.217 — — 113.7 3.989 1.800 1.950 1.830 7006 LATITUD 1.940 -0.040 35.7 1.875 58.26 3.09 188.6 0.530 0.160 0.230 0.220 9385 LAYHONG 0.225 -0.015 2315.5 0.225 7.65 2.22 148.6 0.893 0.325 0.420 0.410 8079 LEESK 0.410 -0.010 7.8 0.416 8.23 6.10 68.8 1.161 0.430 0.460 0.450 6633 LHI 0.450 -0.010 1054.9 0.453 10.54 — 1,642.5 3.181 1.570 1.690 1.640 7089 LIIHEN 1.660 -0.090 938.8 1.661 3.81 9.34 298.8 0.405 0.010 — — 7126 LONBISC 0.020 — — — — — 5.8 0.170 0.080 0.095 0.090 8303 LOTUS 0.095 -0.005 225 0.091 — — 65.5 1.360 0.968 — — 7085 LTKM 1.200 — — — 8.21 1.25 156.1 2.708 1.240 1.330 1.250 7087 MAGNI 1.270 -0.090 2009.4 1.288 4.68 7.72 551.1 2.792 1.700 1.820 1.740 3859 MAGNUM 1.760 -0.120 3766 1.772 10.49 9.09 2,530.4 0.130 0.080 0.085 0.080 3514 MARCO 0.085 UNCH 1231.8 0.085 5.63 3.53 89.6 1.360 0.748 — — 5886 MBG 1.270 — — — 1814 1.18 77.2 4.372 2.500 2.600 2.500 5983 MBMR 2.520 -0.270 306.8 2.524 4.31 5.16 985.0 0.530 0.160 — — 7234 MESB 0.205 — — — 3.75 — 18.7 0.802 0.335 0.375 0.360 3662 MFLOUR 0.360 -0.025 1678.1 0.367 7.61 8.33 362.7 0.900 0.600 — — 7935 MILUX 0.850 — — — — — 49.9 0.120 0.020 0.030 0.025 5166 MINDA 0.025 -0.010 644.2 0.028 — — 31.0 1.920 0.230 0.255 0.230 5202 MSM 0.250 -0.025 1993.1 0.245 — — 175.7 0.255 0.050 0.070 0.060 3891 MUIIND 0.060 -0.015 6288.5 0.065 — — 176.0 2.520 1.100 1.300 1.100 3905 MULPHA 1.240 -0.090 574 1.175 — — 396.3 1.480 0.575 0.600 0.585 5275 MYNEWS 0.590 -0.040 1536.7 0.590 14.57 1.69 402.5 149.90 120.00 137.60 133.90 4707 NESTLE 134.100 -0.900 101.5 134.347 46.73 2.09 31,446.5 2.828 1.910 2.100 2.100 7060 NHFATT 2.100 UNCH 0.1 2.100 11.67 4.76 173.6 0.075 0.020 — — 7139 NICE 0.040 — — — — — 28.1 0.250 0.055 0.060 0.060 7215 NIHSIN 0.060 -0.010 1155 0.060 — — 19.3 0.575 0.295 0.330 0.310 5066 NTPM 0.315 -0.030 1087.8 0.321 — 5.08 353.8 0.580 0.300 0.350 0.350 5533 OCB 0.350 UNCH 91.2 0.350 — — 36.0 0.820 0.290 0.315 0.295 0049 OCNCASH 0.305 -0.040 2439.3 0.309 10.52 4.75 74.8 0.882 0.450 — — 7107 OFI 0.525 — — — 10.91 3.43 126.0 0.135 0.050 0.065 0.060 3018 OLYMPIA 0.060 -0.010 145 0.063 — — 61.4 6.580 4.500 4.600 4.500 4006 ORIENT 4.560 -0.240 162 4.537 8.06 5.70 2,829.0 0.740 0.155 0.180 0.170 5260 OWG 0.180 -0.025 190 0.173 — — 51.3 3.956 1.780 1.970 1.900 7052 PADINI 1.960 -0.100 698.9 1.958 7.84 5.10 1,289.5 39.747 22.820 24.400 23.260 3719 PANAMY 23.480 -1.060 18.9 23.588 13.05 9.63 1,426.3 0.446 0.270 0.320 0.320 5022 PAOS 0.320 0.050 2 0.320 — 5.00 58.0 0.350 0.180 — — 9407 PARAGON 0.230 — — — 4.44 — 16.1 0.280 0.070 0.080 0.070 5657 PARKSON 0.070 -0.015 2753.3 0.075 — — 76.6 0.622 0.160 0.190 0.175 6068 PCCS 0.180 -0.015 392.3 0.183 2.98 8.33 37.9 0.590 0.185 0.230 0.210 5231 PELIKAN 0.230 -0.010 1057.1 0.220 14.11 — 139.9 0.450 0.190 0.200 0.190 9997 PENSONI 0.200 -0.020 10 0.195 — — 25.9 1.050 0.460 0.940 0.910 7080 PERMAJU 0.925 0.020 19635 0.924 — — 181.2 26.046 17.500 20.000 19.080 5681 PETDAG 19.240 -0.760 666.8 19.281 23.03 3.64 19,114.1 0.149 0.075 — — 4081 PMCORP 0.080 — — — — 6.25 61.9 0.130 0.040 0.090 0.045 1287 PMHLDG 0.090 0.015 23791 0.059 — — 83.6 0.702 0.300 0.330 0.310 5080 POHKONG 0.325 -0.020 349.7 0.324 3.92 3.69 133.4 1.558 0.690 0.750 0.690 7088 POHUAT 0.730 -0.020 291.4 0.711 3.18 9.59 178.4 19.960 15.000 16.140 15.680 4065 PPB 15.940 -0.200 1199.5 15.926 19.67 1.94 22,676.2 1.300 0.055 0.095 0.075 7168 PRG 0.085 0.005 16820.5 0.085 — — 35.3 1.100 0.305 0.360 0.305 8966 PRLEXUS 0.335 -0.005 635.6 0.327 8.57 2.39 60.6 0.259 0.125 0.135 0.125 0186 PTRANS 0.130 -0.010 4755.6 0.130 4.66 9.62 185.0 0.846 0.350 0.415 0.370 7134 PWF 0.390 -0.025 66.7 0.391 10.37 5.13 67.8 2.398 1.275 1.700 1.650 7237 PWROOT 1.660 -0.110 419.6 1.663 15.13 5.36 681.5

8.650 6.461 6.990 6.630 7084 QL 6.960 -0.040 2166 6.856 47.12 0.65 11,292.2 0.420 0.230 0.230 0.230 9946 REX 0.230 -0.010 10 0.230 — — 56.7 0.215 0.100 0.115 0.100 0037 RGB 0.105 -0.010 8880 0.108 4.09 2.86 162.6 0.845 0.590 0.645 0.600 5278 RHONEMA 0.645 -0.015 404.5 0.625 13.58 4.65 117.8 1.014 0.255 0.305 0.275 0183 SALUTE 0.280 -0.045 4310.4 0.291 — 8.57 108.6 0.400 0.080 0.185 0.100 5157 SAUDEE 0.175 0.070 721.8 0.114 76.09 — 24.0 0.640 0.586 0.620 0.600 9792 SEG 0.620 0.015 956.2 0.613 16.40 4.03 784.0 1.560 1.210 1.330 1.260 5250 SEM 1.330 0.030 278.3 1.317 28.18 1.80 1,640.4 0.980 0.440 0.600 0.520 7180 SERNKOU 0.600 UNCH 524.5 0.578 8.13 — 152.8 5.865 4.380 4.860 4.400 5517 SHANG 4.860 0.010 84.5 4.639 33.77 3.09 2,138.4 0.550 0.275 — — 7412 SHH 0.310 — — — — — 15.5 0.552 0.155 0.180 0.160 7246 SIGN 0.180 0.005 198.3 0.176 27.69 5.56 43.3 2.370 1.560 1.670 1.560 4197 SIME 1.590 -0.120 12700 1.609 11.60 5.66 10,814.3 0.405 0.080 0.100 0.100 8532 SINOTOP 0.100 UNCH 10 0.100 — — 39.5 0.220 0.060 0.080 0.080 9776 SMCAP 0.080 UNCH 1.2 0.080 2.22 — 17.1 0.400 0.200 — — 7943 SNC 0.400 — — — — — 26.4 0.375 0.200 0.275 0.245 5242 SOLID 0.265 -0.010 4834.5 0.266 61.63 — 104.8 2.400 1.700 2.140 1.850 7103 SPRITZER 1.890 -0.010 16.4 1.914 12.69 1.85 396.9 0.775 0.250 0.340 0.320 7186 SWSCAP 0.335 -0.010 162 0.330 — — 61.1 0.235 0.140 0.155 0.145 7082 SYF 0.155 UNCH 1331.8 0.152 — 8.06 96.0 0.365 0.200 — — 7211 TAFI 0.240 — — — — — 19.2 1.605 0.980 1.010 0.995 4405 TCHONG 1.000 -0.050 124.8 1.000 14.95 4.00 672.0 1.550 0.770 0.970 0.900 7439 TECGUAN 0.970 0.030 3.1 0.902 3.52 — 38.9 0.340 0.115 0.135 0.120 7200 TEKSENG 0.130 -0.015 467.1 0.128 — — 46.9 1.387 0.650 0.700 0.680 7252 TEOSENG 0.680 -0.045 1041.4 0.690 3.45 8.82 204.0 1.386 0.899 — — 9369 TGL 0.990 — — — 6.13 5.05 40.3 0.600 0.240 0.290 0.245 7230 TOMEI 0.290 0.005 33.1 0.254 4.60 3.45 40.2 0.450 0.190 — — 7176 TPC 0.290 — — — 32.58 — 67.8 5.705 1.650 1.820 1.680 4588 UMW 1.800 0.010 2395 1.793 4.78 1.11 2,102.9 2.300 1.790 — — 7757 UPA 1.900 — — — 13.25 4.21 151.2 0.970 0.100 0.155 0.135 7240 VERTICE 0.140 -0.030 389.8 0.140 — — 26.4 1.127 0.680 — — 7203 WANGZNG 0.790 — — — 10.79 5.06 126.4 2.250 1.600 — — 5016 WARISAN 1.600 — — — — 2.50 107.5 0.175 0.070 0.110 0.100 5156 XDL 0.100 -0.010 31339 0.105 10.64 — 180.5 0.730 0.200 0.255 0.205 7121 XIANLNG 0.220 -0.030 691.5 0.222 — — 17.6 2.340 1.700 1.800 1.760 5584 YEELEE 1.800 0.080 10 1.780 14.56 2.22 344.9 1.147 0.430 0.510 0.430 5159 YOCB 0.500 -0.025 332.2 0.500 5.03 10.00 80.0 1.583 0.950 0.965 0.950 5131 ZHULIAN 0.955 -0.025 305.6 0.954 8.87 8.38 439.3INDUSTRIAL PRODUCTS & SERVICES 0.095 0.040 — — 7086 ABLEGRP 0.060 — — — — — 15.8 2.400 1.680 1.750 1.680 9148 ADVPKG 1.680 -0.220 5.6 1.718 — 3.57 34.4 0.130 0.040 0.055 0.045 7146 AEM 0.055 UNCH 130.5 0.045 — — 18.1 0.710 0.300 0.370 0.370 5198 AFUJIYA 0.370 0.030 1 0.370 35.92 — 66.6 0.330 0.160 0.190 0.170 2682 AISB 0.190 -0.010 33.5 0.174 — — 27.4 0.575 0.200 0.260 0.245 7609 AJIYA 0.260 -0.005 58 0.249 13.90 — 79.2 0.575 0.180 0.335 0.330 2674 ALCOM 0.330 -0.010 9.5 0.331 132.00 — 44.3 1.159 0.903 — — 7083 ANALABS 1.000 — — — 21.32 3.00 120.0 0.770 0.380 0.455 0.400 4758 ANCOM 0.450 -0.040 574.3 0.422 18.67 — 108.4 1.814 0.415 0.440 0.420 6556 ANNJOO 0.440 -0.015 1956.9 0.426 — 27.27 246.4 0.050 0.010 0.015 0.015 9342 ANZO 0.015 UNCH 1506.6 0.015 — — 13.2 0.700 0.355 — — 5568 APB 0.450 — — — — — 50.8 2.937 1.500 1.550 1.510 5015 APM 1.540 -0.010 209.7 1.527 11.06 7.79 310.5 0.565 0.270 0.300 0.270 7214 ARANK 0.295 -0.055 188 0.292 4.18 8.47 50.2 0.605 0.095 0.115 0.100 7181 ARBB 0.105 -0.020 2357.5 0.108 0.61 — 30.8 0.750 0.370 0.410 0.385 7162 ASTINO 0.395 -0.040 288.9 0.398 4.31 2.53 108.3 1.850 0.665 0.720 0.665 8176 ATAIMS 0.675 -0.060 527.2 0.681 8.30 4.87 813.0 0.630 0.375 — — 7099 ATTA 0.445 — — — 4.06 — 94.9 0.766 0.195 0.235 0.205 7579 AWC 0.220 -0.025 308.6 0.218 4.20 6.82 65.8 0.338 0.115 0.125 0.125 5021 AYS 0.125 -0.015 10 0.125 — 16.00 47.6 0.470 0.170 0.205 0.170 7005 BIG 0.180 -0.005 83.3 0.178 — — 9.5 0.150 0.040 0.050 0.045 6998 BINTAI 0.045 -0.015 202 0.047 5.11 — 13.0 0.280 0.170 0.220 0.190 3395 BJCORP 0.220 0.010 18740 0.210 — — 1,147.3 0.766 0.300 0.355 0.320 0168 BOILERM 0.320 -0.035 298.1 0.329 6.00 6.25 165.1 0.050 0.010 0.015 0.010 7036 BORNOIL 0.015 UNCH 13708 0.014 — — 80.1 1.240 0.815 0.820 0.815 6297 BOXPAK 0.815 -0.045 10 0.818 — — 97.8 1.069 0.610 0.725 0.690 5100 BPPLAS 0.710 -0.020 118.8 0.709 6.29 8.45 133.3 0.560 0.095 0.125 0.115 9938 BRIGHT 0.115 -0.015 96.9 0.117 14.38 — 23.6 0.410 0.080 0.125 0.100 7221 BSLCORP 0.120 0.010 210.9 0.114 — — 11.8 1.400 0.345 0.405 0.345 2771 BSTEAD 0.350 -0.075 2496.3 0.361 — 14.29 709.4 0.230 0.050 0.100 0.060 7188 BTM 0.060 -0.020 204.1 0.062 — — 8.5 3.941 1.600 1.980 1.780 5105 CANONE 1.940 0.010 462 1.843 0.53 2.06 372.8 0.015 0.010 — — 5229 CAP 0.010 — — — — — 13.6 1.250 0.680 0.790 0.745 7076 CBIP 0.790 -0.015 511 0.771 11.27 3.80 425.2 2.120 0.590 0.615 0.590 2879 CCM 0.615 UNCH 98.8 0.604 6.45 8.13 103.1 0.885 0.400 — — 8435 CEPCO 0.550 — — — — — 41.0 1.260 1.100 — — 8044 CFM 1.100 — — — — — 45.1 0.600 0.330 — — 8052 CGB 0.410 — — — — — 36.9 0.920 0.400 0.490 0.455 5273 CHINHIN 0.470 -0.050 82.4 0.467 13.54 4.26 261.5 1.884 0.680 0.730 0.720 5007 CHINWEL 0.725 -0.045 47 0.728 6.09 6.69 217.2 1.652 0.700 0.750 0.720 5797 CHOOBEE 0.750 -0.050 89.8 0.733 — 6.67 98.8 0.500 0.180 0.200 0.190 7016 CHUAN 0.190 -0.010 129 0.192 — 5.79 32.0 0.045 0.020 — — 7018 CME 0.025 — — — — — 14.6 3.824 0.875 1.010 0.875 2852 CMSB 0.875 -0.245 16809 0.925 5.86 8.46 940.1 0.500 0.350 — — 7986 CNASIA 0.410 — — — — — 20.5 0.310 0.045 0.095 0.070 7195 COMCORP 0.070 -0.010 125.9 0.086 — — 9.8 1.020 0.605 0.625 0.610 2127 COMFORT 0.610 -0.035 1682.3 0.615 10.65 2.46 355.6 0.030 0.010 0.015 0.010 5037 COMPUGT 0.015 UNCH 205 0.013 — — 37.6 1.190 0.540 0.585 0.540 5094 CSCSTEL 0.540 -0.050 1703 0.552 5.73 7.41 205.2 0.473 0.295 — — 7157 CYL 0.350 — — — 28.00 7.14 35.0 0.360 0.230 — — 5082 CYMAO 0.230 — — — — — 17.3 1.677 0.605 0.655 0.620 5184 CYPARK 0.635 -0.055 1739.4 0.636 3.17 6.14 296.8 2.600 1.450 1.530 1.500 8125 DAIBOCI 1.520 -0.130 60.7 1.521 18.34 — 498.4 0.639 0.230 0.300 0.255 5276 DANCO 0.270 -0.010 124 0.270 5.74 6.48 82.1 0.335 0.055 0.090 0.070 7212 DESTINI 0.090 0.005 2493 0.082 — — 110.7 0.660 0.185 0.220 0.215 7114 DNONCE 0.220 -0.005 40.1 0.215 104.76 — 57.7 0.280 0.045 0.045 0.045 5835 DOLMITE 0.045 -0.010 15 0.045 — — 14.1 0.180 0.025 0.035 0.030 5265 DOLPHIN 0.035 -0.005 445 0.030 — — 8.5 1.289 0.965 — — 7169 DOMINAN 1.130 — — — 11.84 4.42 186.7 5.000 1.823 2.240 2.000 7233 DUFU 2.090 -0.230 1983.6 2.122 11.92 1.72 550.1 2.000 0.100 0.120 0.110 7165 DWL 0.110 -0.015 255.5 0.111 — — 25.6 0.100 0.025 0.030 0.030 5178 DYNACIA 0.030 -0.005 952.5 0.030 — — 16.1 3.459 1.880 2.140 2.000 1368 EDGENTA 2.100 0.050 61.5 2.047 9.61 6.67 1,746.4 0.260 0.050 — — 0064 EFFICEN 0.070 — — — — — 49.6 0.510 0.195 0.255 0.220 8907 EG 0.225 -0.030 107 0.225 6.48 — 61.9 1.533 1.030 — — 5208 EITA 1.100 — — — 5.66 5.45 143.0 0.820 0.400 0.510 0.400 9016 EKSONS 0.510 -0.005 198.6 0.418 — 9.80 83.7 0.530 0.155 0.170 0.155 7217 EMETALL 0.170 -0.010 128 0.164 9.39 — 32.0 0.897 0.460 0.530 0.495 5056 ENGTEX 0.495 -0.055 333.7 0.500 — 1.52 219.4 0.405 0.250 0.290 0.270 7773 EPMB 0.290 -0.030 30 0.280 — — 48.1 0.405 0.090 0.115 0.100 5101 EVERGRN 0.115 UNCH 1187.3 0.109 — 4.17 97.3 1.440 1.000 1.060 1.010 2984 FACBIND 1.060 -0.020 84 1.047 91.38 0.94 90.3 3.020 1.710 1.840 1.710 7229 FAVCO 1.730 -0.110 166.2 1.736 4.73 7.80 387.4 0.427 0.230 — — 0149 FIBON 0.280 — — — 11.34 2.57 27.4 1.830 1.010 1.120 1.010 3107 FIMACOR 1.010 -0.110 116 1.039 11.70 12.38 247.7 0.515 0.165 0.240 0.200 9318 FITTERS 0.235 -0.015 7379.2 0.235 24.23 — 112.9 1.636 0.610 0.690 0.680 5197 FLBHD 0.680 -0.025 120.1 0.688 — 21.32 72.7 1.010 0.280 0.485 0.420 5277 FPGROUP 0.435 -0.075 30359 0.454 14.80 2.76 235.8 0.685 0.305 — — 7197 GESHEN 0.360 — — — — — 28.8 0.515 0.180 0.290 0.220 5220 GLOTEC 0.290 -0.005 149 0.247 — — 78.0 0.240 0.115 0.115 0.115 7192 GOODWAY 0.115 -0.025 10.3 0.115 — — 18.2 0.145 0.070 0.070 0.070 7096 GPA 0.070 -0.010 500 0.070 700 — 68.6 0.305 0.100 — — 5649 GPHAROS 0.120 — — — — 10.58 16.4 0.525 0.160 0.245 0.160 3247 GUH 0.210 -0.040 155.6 0.215 11.67 — 58.4 10.080 6.700 7.400 7.060 3034 HAPSENG 7.200 -0.300 1168.7 7.152 15.41 4.86 17,925 0.686 0.230 0.295 0.260 5095 HEVEA 0.295 0.010 2104 0.277 11.80 14.92 167.5 0.872 0.475 0.540 0.515 5151 HEXTAR 0.530 -0.010 204.2 0.525 — 8.26 435.0 0.845 0.590 0.635 0.590 3298 HEXZA 0.615 -0.055 269.8 0.606 15.11 8.13 123.2 0.298 0.090 0.105 0.100 5072 HIAPTEK 0.100 -0.005 4247.1 0.102 11.24 5.00 134.4 1.260 0.935 — — 7033 HIGHTEC 1.000 — — — 10.88 3.50 40.6 0.610 0.440 — — 8443 HIL 0.560 — — — 8.70 3.13 187.1 0.810 0.340 0.400 0.400 5165 HOKHENG 0.400 UNCH 189.4 0.400 — — 35.2 0.572 0.260 0.270 0.260 5291 HPMT 0.270 -0.005 155 0.263 — 2.78 88.7 1.290 0.250 0.295 0.250 0185 HSSEB 0.295 UNCH 1018.3 0.274 134.0 — 146.3 1.860 0.647 0.740 0.685 5000 HUMEIND 0.700 -0.080 921.1 0.706 — — 347.8 0.140 0.060 0.110 0.090 9601 HWGB 0.090 UNCH 2570.8 0.098 — — 41.4 2.286 1.815 2.280 2.210 7222 IMASPRO 2.280 0.080 767.4 2.243 52.17 1.54 182.4 0.530 0.280 — — 5673 IPMUDA 0.280 — — — — — 20.3 0.160 0.040 0.060 0.050 7183 IQZAN 0.060 UNCH 37.5 0.051 1.97 — 11.1 1.250 0.850 0.850 0.850 7043 JADEM 0.850 -0.020 24.9 0.850 — — 107.8 0.125 0.070 0.070 0.070 8648 JASKITA 0.070 UNCH 142 0.070 — — 31.5 1.560 1.200 — — 0058 JCBNEXT 1.200 — — — 16.62 3.33 165.3 0.195 0.055 0.075 0.055 9083 JETSON 0.055 -0.020 867.1 0.062 — — 11.6 0.200 0.085 0.105 0.100 0054 KARYON 0.105 -0.005 1100.5 0.105 7.09 4.29 49.9 0.597 0.270 — — 7199 KEINHIN 0.270 — — — 8.57 3.70 29.4 1.707 0.985 1.020 0.985 6491 KFIMA 0.985 -0.055 66 1.001 8.51 9.14 278.0 1.430 0.590 0.640 0.625 0151 KGB 0.640 -0.055 928.6 0.634 8.04 2.81 199.3 0.300 0.125 — — 6211 KIALIM 0.150 — — — — — 9.3 1.250 0.765 — — 5371 KIMHIN 0.845 — — — — — 131.5 0.010 0.005 — — 5060 KINSTEL 0.005 — — — 25.00 — 5.2 2.370 1.162 1.390 1.310 9466 KKB 1.320 -0.120 307.1 1.343 7.04 3.03 340.3 0.850 0.430 — — 5035 KNUSFOR 0.490 — — — 2.92 — 48.8 2.040 1.230 1.300 1.300 6971 KOBAY 1.300 -0.010 2 1.300 6.32 2.31 132.7 0.390 0.150 0.175 0.170 7017 KOMARK 0.175 -0.005 14993 0.172 — — 36.0 1.269 0.265 0.300 0.290 5843 KPS 0.300 -0.020 183.2 0.299 5.77 14.17 161.2 0.540 0.315 — — 9121 KPSCB 0.380 — — — 8.64 — 56.2 4.858 3.300 3.520 3.500 3476 KSENG 3.520 -0.100 15.9 3.518 14.30 2.84 1,272.4 0.590 0.200 0.260 0.215 5192 KSSC 0.215 -0.015 859.2 0.257 — 2.33 20.6 0.450 0.150 0.190 0.165 6874 KUB 0.180 -0.005 286.8 0.174 5.79 5.56 100.2 0.400 0.180 0.210 0.180 8362 KYM 0.180 -0.040 28 0.198 20.45 — 27.0 0.615 0.260 0.300 0.280 9326 LBALUM 0.300 -0.010 36 0.291 4.85 5.00 74.5 4.081 0.975 1.130 1.010 5284 LCTITAN 1.030 -0.120 7910.2 1.071 5.32 6.80 2,377.0 0.551 0.200 0.250 0.210 5232 LEONFB 0.215 -0.035 187.8 0.217 11.88 6.98 66.7 0.260 0.060 0.090 0.070 8745 LEWEKO 0.085 -0.025 166 0.079 — — 27.4 0.300 0.090 0.115 0.090 7170 LFECORP 0.115 -0.010 258 0.105 127.78 — 23.5 0.665 0.120 0.130 0.120 4235 LIONIND 0.125 -0.010 3468.5 0.123 — — 89.7 0.475 0.185 0.300 0.295 8486 LIONPSIM 0.300 UNCH 1.1 0.296 6.38 — 69.5 0.360 0.185 0.230 0.225 9881 LSTEEL 0.225 0.015 52.9 0.225 — — 28.8 0.105 0.050 0.055 0.050 5068 LUSTER 0.050 -0.005 305 0.050 10.42 — 103.8

* 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 TUESDAY MARCH 24, 2020 • THEEDGE 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)

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

0.600 0.330 0.370 0.350 5143 LUXCHEM 0.355 -0.035 744.1 0.360 8.28 6.34 318.0 2.700 2.110 — — 9199 LYSAGHT 2.400 — — — 10.88 2.92 99.8 0.590 0.170 0.210 0.180 5098 MASTEEL 0.210 0.005 1216.2 0.197 — — 95.1 3.200 0.605 0.690 0.640 7029 MASTER 0.670 -0.070 1704.5 0.670 2.33 5.22 36.6 1.490 0.920 0.980 0.940 5152 MBL 0.965 -0.055 252.8 0.950 5.02 4.66 103.7 0.750 0.310 — — 7004 MCEHLDG 0.425 — — — — — 18.9 4.570 1.300 1.440 1.300 3794 MCEMENT 1.440 -0.080 554 1.407 — — 1,223.6 0.385 0.090 0.115 0.100 3778 MELEWAR 0.105 -0.015 689.4 0.105 1.11 — 37.7 0.680 0.240 0.240 0.240 5223 MENTIGA 0.240 -0.070 2 0.240 5.44 — 16.8 1.738 1.080 1.100 1.080 6149 METROD 1.080 -0.100 3.5 1.089 23.43 5.56 129.6 0.360 0.180 0.220 0.205 5001 MIECO 0.215 -0.005 707.5 0.212 69.35 — 112.9 0.130 0.050 0.105 0.095 7219 MINETEC 0.105 UNCH 11246.6 0.101 — — 96.8 0.400 0.155 0.180 0.170 5576 MINHO 0.175 UNCH 530 0.175 23.65 6.57 59.6 0.998 0.440 0.470 0.450 5916 MSC 0.470 -0.030 53 0.460 5.60 4.26 188.0 0.090 0.015 0.025 0.020 0043 MTRONIC 0.025 UNCH 29681.3 0.024 — — 31.1 1.846 0.835 0.935 0.855 3883 MUDA 0.890 -0.065 95.3 0.888 6.90 5.06 271.5 0.505 0.140 0.155 0.140 5087 MYCRON 0.155 -0.010 80.2 0.152 — — 50.7 0.500 0.140 0.200 0.180 7241 NGGB 0.185 -0.020 1524.8 0.191 — — 96.0 0.230 0.065 0.125 0.120 5025 NWP 0.125 UNCH 214.7 0.123 — — 53.9 0.697 0.330 0.455 0.400 4944 NYLEX 0.435 -0.020 122.9 0.426 — 4.60 84.5 0.825 0.380 0.475 0.450 7140 OKA 0.460 -0.025 140.8 0.457 9.07 8.48 112.9 1.420 0.700 0.770 0.725 5065 ORNA 0.745 -0.075 191 0.744 4.19 4.03 56.1 0.075 0.035 0.040 0.035 7225 PA 0.040 UNCH 631.2 0.036 16.00 — 89.8 0.690 0.421 0.610 0.600 8419 PANSAR 0.600 -0.015 10135.9 0.610 27.03 1.67 277.2 0.572 0.250 0.280 0.260 5125 PANTECH 0.280 -0.005 713.6 0.268 5.25 7.14 210.3 8.985 4.000 4.470 4.150 5183 PCHEM 4.270 -0.160 6642.6 4.355 12.11 4.22 34,160.0 1.270 0.675 0.785 0.725 5271 PECCA 0.785 -0.005 9.7 0.734 8.91 8.28 147.6 4.778 2.820 3.000 2.950 5436 PERSTIM 3.000 -0.180 14 2.979 9.08 10.00 297.9 1.530 0.600 0.830 0.750 5219 PESTECH 0.785 -0.030 1153.7 0.776 7.32 — 600.0 0.160 0.060 0.080 0.065 7201 PICORP 0.075 -0.005 100.1 0.071 25.86 6.67 49.4 1.650 0.720 0.850 0.765 7095 PIE 0.850 0.005 318.5 0.815 8.93 2.82 326.4 0.315 0.110 — — 7163 PJBUMI 0.160 — — — 20.78 — 13.1 3.570 2.400 2.560 2.480 7172 PMBTECH 2.540 -0.120 62 2.505 18.16 0.79 532.9 5.216 2.740 3.120 2.950 8869 PMETAL 3.050 -0.200 3109.1 3.045 26.02 1.64 12,316.2 0.530 0.360 0.495 0.440 6637 PNEPCB 0.485 0.005 1724 0.489 — — 63.8 0.475 0.200 — — 8117 POLY 0.200 — — — 13.42 — 32.0 1.400 0.325 0.380 0.355 8273 PPHB 0.370 -0.030 735.2 0.368 2.95 0.68 69.8 0.738 0.210 0.240 0.230 9873 PRESTAR 0.235 -0.015 26 0.237 13.66 6.38 48.1 0.080 0.005 0.015 0.010 7123 PWORTH 0.010 -0.005 10838 0.010 — — 40.9 1.430 0.720 — — 7544 QUALITY 0.900 — — — — — 52.2 0.320 0.180 — — 7498 RALCO 0.220 — — — — — 10.2 0.350 0.170 — — 7232 RESINTC 0.185 — — — 4.50 13.51 25.4 0.200 0.085 — — 9954 RGTBHD 0.100 — — — 10.64 — 57.7 0.784 0.170 0.225 0.205 9741 ROHAS 0.215 -0.025 1772.5 0.219 5.87 6.98 101.6 0.895 0.404 0.730 0.690 7803 RUBEREX 0.705 -0.035 1593.1 0.707 15.67 2.84 177.8 3.980 2.700 2.800 2.800 5134 SAB 2.800 -0.030 6 2.800 15.84 1.79 383.4 8.640 4.200 4.860 4.330 9822 SAM 4.660 -0.530 68.8 4.674 7.21 3.74 629.9 0.741 0.350 0.390 0.375 5147 SAMCHEM 0.380 -0.030 328.6 0.379 4.34 7.89 103.4 0.784 0.200 0.370 0.330 7811 SAPIND 0.370 0.070 16.3 0.365 6.16 13.51 26.9 0.455 0.100 0.130 0.105 5170 SCABLE 0.120 -0.020 492.6 0.114 — — 38.0 1.680 0.755 0.875 0.800 7247 SCGM 0.830 -0.070 691.2 0.849 — 2.11 160.7 3.490 0.530 1.120 1.010 9237 SCIB 1.050 -0.090 504.8 1.060 29.83 — 90.2 1.280 0.480 0.595 0.565 0099 SCICOM 0.565 -0.085 383.2 0.578 9.35 8.85 200.8 9.765 5.960 6.750 6.200 4731 SCIENTX 6.370 -0.480 543.9 6.378 8.51 3.14 3,286.1 0.360 0.065 0.075 0.070 7239 SCNWOLF 0.070 -0.010 64.5 0.071 4.27 — 6.7 0.565 0.120 0.155 0.145 7073 SEACERA 0.155 0.010 13685 0.149 — — 74.7 0.750 0.320 — — 5163 SEB 0.365 — — — — — 29.2 0.460 0.375 0.385 0.380 5181 SIGGAS 0.380 -0.015 189.8 0.383 — 1.32 71.3 0.680 0.450 — — 7115 SKBSHUT 0.450 — — — 7.23 — 18.0 1.590 0.660 0.710 0.660 7155 SKPRES 0.670 -0.070 2461.5 0.680 9.50 5.73 837.6 1.373 0.690 0.725 0.690 7248 SLP 0.725 -0.035 144 0.700 10.84 7.59 229.8 0.490 0.270 — — 7132 SMISCOR 0.310 — — — 14.35 — 13.9 1.220 0.330 0.370 0.340 5665 SSTEEL 0.350 -0.040 191 0.351 — — 208.7 0.905 0.380 — — 6904 SUBUR 0.515 — — — — — 107.6 1.100 0.400 0.435 0.400 7207 SUCCESS 0.410 -0.040 690.6 0.411 5.77 6.59 102.4 1.870 1.250 1.470 1.330 5211 SUNWAY 1.410 -0.020 3823.6 1.414 9.78 5.30 6,956.8 1.282 0.400 0.440 0.415 7235 SUPERLN 0.425 -0.035 499.2 0.430 7.51 7.34 68.0 6.800 4.100 4.400 4.400 4448 TASEK 4.400 UNCH 1 4.400 — — 543.9 0.235 0.030 0.035 0.035 7097 TAWIN 0.035 UNCH 798 0.035 — — 12.5 0.898 0.480 0.535 0.490 5289 TECHBND 0.530 -0.005 393.5 0.509 13.77 — 121.9 0.700 0.195 0.230 0.230 8702 TEXCHEM 0.230 UNCH 5 0.230 — 43.48 28.5 4.320 1.950 2.360 2.150 7034 TGUAN 2.300 -0.090 662.1 2.312 5.76 3.48 427.8 1.399 0.760 0.770 0.770 7374 TIENWAH 0.770 UNCH 85.5 0.770 — 7.14 111.5 0.680 0.460 — — 7854 TIMWELL 0.520 — — — 9.68 3.85 46.3 0.575 0.300 0.340 0.305 7285 TOMYPAK 0.335 -0.005 1719.4 0.325 — 0.90 140.8 3.509 1.230 1.260 1.230 5010 TONGHER 1.240 -0.070 65.8 1.248 9.69 16.13 195.2 0.841 0.580 — — 7173 TOYOINK 0.660 — — — 10.53 4.55 70.6 0.800 0.530 — — 5167 TURBO 0.640 — — — 22.70 3.13 69.1 2.820 1.700 1.790 1.700 7100 UCHITEC 1.710 -0.150 1038.9 1.717 10.11 8.48 771.5 0.800 0.230 0.250 0.240 7133 ULICORP 0.240 -0.025 209 0.245 — — 52.3 2.250 1.430 — — 7137 UMS 1.600 — — — 15.69 3.75 65.1 0.965 0.690 0.900 0.830 7227 UMSNGB 0.900 0.080 26.9 0.851 17.54 3.33 72.0 1.427 0.950 1.000 0.975 7091 UNIMECH 0.980 -0.020 36.5 0.985 6.68 4.90 155.6 0.400 0.180 0.190 0.185 4995 VERSATL 0.185 -0.010 220 0.186 — — 52.5 1.509 0.600 0.720 0.645 6963 VS 0.675 -0.050 7891.3 0.686 7.03 5.04 1,258.2 0.810 0.365 — — 7226 WATTA 0.505 — — — 22.15 — 42.7 1.235 0.550 0.700 0.650 7231 WELLCAL 0.700 -0.025 1135.2 0.688 9.56 8.14 348.6 0.700 0.430 0.550 0.550 7692 WIDETEC 0.550 UNCH 1 0.550 19.43 — 24.6 0.650 0.280 0.460 0.350 7050 WONG 0.350 -0.110 25.4 0.412 7.28 4.29 40.1 0.810 0.490 — — 7025 WOODLAN 0.490 — — — — — 19.6 1.200 0.765 — — 5009 WTHORSE 0.825 — — — — — 198.0 0.681 0.200 0.210 0.200 4243 WTK 0.205 -0.020 911.4 0.203 — 7.32 98.7 0.325 0.050 0.085 0.060 7245 WZSATU 0.085 0.015 4228.4 0.071 — — 43.5 0.650 0.405 — — 5048 YILAI 0.405 — — — — — 59.0 0.170 0.060 0.070 0.060 7020 YKGI 0.070 -0.010 400.8 0.063 7.22 — 24.5 0.315 0.150 0.180 0.180 7014 YLI 0.180 UNCH 60 0.180 — — 18.5CONSTRUCTION 0.473 0.210 0.260 0.250 5281 ADVCON 0.260 -0.015 277 0.255 9.67 2.31 105.0 0.170 0.050 0.060 0.055 7145 AGES 0.060 -0.005 367 0.058 1.98 — 30.1 2.050 1.010 1.140 1.060 5293 AME 1.100 -0.040 496.7 1.124 6.05 — 469.8 0.575 0.115 0.140 0.130 7078 AZRB 0.130 -0.015 412.8 0.131 — 6.85 77.7 0.230 0.045 0.060 0.050 5190 BENALEC 0.055 -0.005 613.3 0.050 — — 47.4 0.197 0.030 0.040 0.035 5932 BPURI 0.035 -0.005 3597.5 0.035 43.75 — 26.7 0.800 0.520 0.540 0.520 8761 BREM 0.530 UNCH 156 0.530 5.02 7.55 183.1 1.156 0.555 0.605 0.580 8591 CRESBLD 0.590 -0.020 83.5 0.592 5.13 7.63 104.4 1.900 1.380 — — 7528 DKLS 1.590 — — — 25.32 1.89 147.4 0.874 0.300 0.340 0.305 5253 ECONBHD 0.310 -0.055 3867.7 0.324 6.64 1.61 414.6 1.027 0.285 0.350 0.315 8877 EKOVEST 0.335 -0.045 67470 0.335 5.72 2.99 889.4 0.499 0.140 0.170 0.155 7047 FAJAR 0.170 -0.010 735 0.160 2.37 8.82 63.6 0.941 0.225 0.250 0.230 9261 GADANG 0.235 -0.035 4984.3 0.241 4.39 5.11 171.1 4.237 2.360 2.700 2.470 5398 GAMUDA 2.550 -0.130 2538.5 2.595 8.90 4.71 6,408.9 1.514 0.595 0.660 0.595 5226 GBGAQRS 0.600 -0.105 1464.1 0.610 7.62 2.50 296.8 1.339 0.430 0.495 0.455 3204 GKENT 0.490 -0.040 1050.5 0.481 4.85 — 276.0 0.695 0.240 0.280 0.250 5169 HOHUP 0.260 -0.030 1458.2 0.258 1.95 — 107.2 1.477 0.960 1.010 1.000 6238 HSL 1.010 -0.030 27 1.001 10.05 2.38 588.5 2.475 1.150 1.500 1.380 3336 IJM 1.440 -0.110 3923.9 1.450 12.37 2.78 5,240.6 0.290 0.010 0.020 0.015 5268 IKHMAS 0.015 -0.005 158.9 0.015 — — 8.8 0.610 0.270 — — 8834 IREKA 0.395 — — — — — 73.7 1.570 0.620 0.710 0.665 4723 JAKS 0.675 -0.075 52808.8 0.686 3.67 — 439.5 1.466 0.785 0.890 0.785 7161 KERJAYA 0.800 -0.095 432.4 0.813 7.04 4.38 993.6 1.460 0.510 0.540 0.510 5171 KIMLUN 0.515 -0.035 521.2 0.520 2.96 7.18 175.0 1.110 0.735 — — 9628 LEBTECH 0.980 — — — — — 133.8 0.504 0.295 — — 5129 MELATI 0.355 — — — 16.82 2.82 42.6 0.850 0.420 — — 8192 MERCURY 0.500 — — — — — 20.1 0.815 0.330 — — 7595 MGB 0.450 — — — 16.67 — 225.7 0.422 0.150 0.160 0.150 9571 MITRA 0.150 -0.010 100.3 0.150 — 10.00 134.4 0.250 0.065 0.070 0.065 5924 MTDACPI 0.065 -0.005 32.4 0.066 — — 15.1 0.555 0.145 0.185 0.175 5085 MUDAJYA 0.180 -0.015 908.8 0.181 — — 109.0 2.991 0.735 0.775 0.745 5703 MUHIBAH 0.750 -0.075 3468.2 0.766 9.54 10.00 363.9 0.370 0.185 0.220 0.215 7071 OCR 0.220 -0.010 1445 0.220 7.91 — 73.6 0.900 0.650 — — 5622 PEB 0.700 — — — — — 48.4 0.255 0.130 0.170 0.150 8311 PESONA 0.170 -0.005 238 0.162 9.94 5.88 118.1 0.425 0.110 0.145 0.125 5070 PRTASCO 0.140 UNCH 1447 0.138 11.57 8.57 69.4 3.303 1.800 2.200 2.090 9598 PTARAS 2.200 UNCH 35.5 2.167 7.19 9.09 364.9 0.415 0.090 0.100 0.090 6807 PUNCAK 0.100 -0.010 1802.4 0.097 — 5.00 44.9 0.555 0.140 0.155 0.150 5205 SENDAI 0.155 -0.020 544.2 0.155 8.81 — 121.1 1.810 0.750 — — 5006 STELLA 0.810 — — — — — 54.3 2.110 1.250 1.360 1.260 5263 SUNCON 1.290 -0.090 1225.5 1.297 12.87 5.43 1,667.8 0.285 0.180 0.195 0.185 9717 SYCAL 0.190 -0.015 250 0.188 14.39 — 79.1 0.741 0.200 0.270 0.230 5054 TRC 0.270 0.025 1438.8 0.252 6.54 7.04 129.7 0.595 0.180 — — 5042 TSRCAP 0.220 — — — — — 38.4 1.350 0.360 — — 0301 UNIWALL 1.350 — — — 50.00 0.31 493.7 1.170 0.215 0.250 0.225 7070 VIZIONE 0.250 -0.025 2641.7 0.242 3.16 — 154.6 0.601 0.145 0.165 0.160 3565 WCEHB 0.160 -0.015 1255.7 0.161 — — 195.0 1.220 0.245 0.325 0.285 9679 WCT 0.315 UNCH 10910.2 0.313 4.98 — 446.7 0.700 0.225 0.280 0.245 7028 ZECON 0.280 -0.015 223.1 0.249 1.43 — 40.4 0.110 0.030 0.040 0.035 2283 ZELAN 0.040 UNCH 490.5 0.037 12.50 — 33.8HEALTH CARE 0.970 0.280 0.300 0.280 7191 ADVENTA 0.280 -0.035 712.5 0.291 1.93 — 42.8 2.500 1.770 1.900 1.800 7090 AHEALTH 1.860 -0.010 107.3 1.879 16.59 1.99 878.6 1.780 1.050 1.240 1.200 7148 DPHARMA 1.240 UNCH 1930.2 1.202 15.09 4.03 848.6 6.880 4.446 6.760 6.530 5168 HARTA 6.680 0.060 14150.9 6.670 54.71 1.11 22,589.9 5.940 4.550 4.930 4.600 5225 IHH 4.810 -0.360 6279.1 4.800 90.93 0.83 42,202.9 5.430 3.517 4.840 4.660 7153 KOSSAN 4.700 -0.050 9309.4 4.760 26.75 1.28 6,011.0 2.330 1.555 1.800 1.710 0002 KOTRA 1.770 -0.030 5.8 1.744 9.60 5.03 257.1 1.035 0.720 0.830 0.745 5878 KPJ 0.800 0.025 6036.9 0.795 15.97 2.50 3,553.5 2.845 0.910 0.985 0.910 7081 PHARMA 0.945 -0.040 1925.5 0.942 — 16.40 246.9 0.135 0.065 — — 0302 SMILE 0.075 — — — 22.73 1.60 75.1 1.930 1.281 1.490 1.400 7106 SUPERMX 1.400 -0.090 11370.6 1.433 17.83 2.55 1,904.4 0.820 0.365 0.395 0.365 0101 TMCLIFE 0.390 -0.005 962 0.378 23.35 0.51 679.3 6.690 4.172 6.240 6.000 7113 TOPGLOV 6.110 -0.160 13455.1 6.131 41.56 1.23 15,656.2 0.545 0.426 — — 0301 TOPVISN 0.545 — — — 82.58 — 139.3 2.799 1.450 1.600 1.530 7178 YSPSAH 1.540 -0.060 37 1.553 9.32 4.55 215.1FINANCIAL SERVICES 4.037 1.480 1.630 1.560 2488 ABMB 1.600 -0.080 2582.4 1.603 5.63 8.88 2,477.0 16.851 7.700 8.120 7.760 5139 AEONCR 7.860 -0.720 490.1 7.931 7.34 5.67 1,993.5 2.250 1.250 1.450 1.250 5185 AFFIN 1.380 0.010 678.9 1.351 5.61 3.62 2,740.7 16.313 11.400 12.000 11.400 1163 ALLIANZ 11.620 -0.400 84.3 11.712 5.70 4.39 2,055.4 4.382 2.820 2.990 2.860 1015 AMBANK 2.900 -0.130 6325.4 2.925 5.62 7.24 8,741.1

1.039 0.660 — — 5088 APEX 0.750 — — — 25.17 2.67 160.2 4.581 2.790 2.870 2.790 5258 BIMB 2.820 -0.080 320.1 2.823 6.30 5.67 5,055.3 6.872 4.320 4.630 4.400 1818 BURSA 4.560 -0.140 1175.2 4.541 19.88 4.56 3,686.8 5.238 3.090 3.420 3.250 1023 CIMB 3.290 -0.350 30109 3.344 7.00 7.90 32,646.6 0.320 0.140 — — 2143 ECM 0.250 — — — — — 120.0 1.728 1.090 1.140 1.110 5228 ELKDESA 1.130 -0.020 87.9 1.126 9.10 5.97 335.8 20.309 11.700 12.780 11.740 5819 HLBANK 12.700 0.200 1492.3 12.455 9.77 3.94 27,530.0 10.100 7.327 — — 5274 HLCAP 9.380 — — — 31.19 2.35 2,315.9 18.963 9.750 12.200 11.220 1082 HLFG 12.140 -0.260 126.1 11.995 7.19 3.46 13,930.9 0.910 0.350 0.415 0.400 3379 INSAS 0.410 -0.040 1648.3 0.406 2.85 8.54 284.3 0.115 0.030 — — 3441 JOHAN 0.040 — — — — — 24.9 0.620 0.355 0.385 0.375 6483 KENANGA 0.385 UNCH 440 0.380 10.21 8.44 278.3 2.125 0.880 0.960 0.900 2186 KUCHAI 0.900 -0.080 211.8 0.938 18.52 1.56 111.4 15.536 9.900 10.460 10.020 8621 LPI 10.180 -0.640 768.1 10.189 12.58 6.88 4,055.5 1.003 0.580 0.600 0.580 1198 MAA 0.580 -0.055 85.2 0.585 — 15.52 158.5 2.850 1.700 — — 1058 MANULFE 1.760 — — — 13.63 3.98 356.2 8.856 7.000 7.320 7.110 1155 MAYBANK 7.120 -0.390 18595 7.236 9.70 8.01 80,038.5 0.964 0.460 0.510 0.480 1171 MBSB 0.495 -0.035 3833.7 0.495 4.48 10.10 3,323.1 1.159 0.465 0.500 0.465 6459 MNRB 0.500 -0.020 1559.7 0.476 2.51 5.00 391.5 1.190 0.490 0.540 0.500 5237 MPHBCAP 0.535 -0.030 43.9 0.519 11.17 — 382.5 0.944 0.800 0.875 0.820 6009 P&O 0.875 -0.005 195.4 0.852 — 5.10 251.2 23.430 12.580 14.280 13.360 1295 PBBANK 13.900 -0.140 9656.1 13.903 9.80 5.25 53,961.7 1.840 1.220 1.400 1.340 9296 RCECAP 1.400 -0.040 250.6 1.373 4.56 7.14 522.1 5.980 4.230 4.890 4.680 1066 RHBBANK 4.720 -0.250 5164.5 4.786 7.63 5.40 18,927.4 0.665 0.335 0.370 0.355 4898 TA 0.360 -0.010 909.4 0.363 4.21 2.78 616.3 6.936 2.930 3.190 3.080 6139 TAKAFUL 3.150 -0.050 1391.5 3.137 7.13 6.35 2,604.4 0.765 0.200 0.240 0.220 5230 TUNEPRO 0.230 -0.030 1841.8 0.230 3.41 13.04 172.9PROPERTY 0.335 0.185 — — 7131 ACME 0.185 — — — 5.97 — 46.0 0.549 0.260 0.290 0.280 1007 AMPROP 0.280 UNCH 30.8 0.290 8.28 10.71 205.3 1.280 0.990 1.200 1.200 5959 AMVERTON 1.200 UNCH 78.2 1.200 85.71 — 438.1 0.400 0.115 — — 7007 ARK 0.175 — — — — — 11.1 0.170 0.055 0.065 0.055 4057 ASIAPAC 0.065 UNCH 1064.2 0.061 1.56 — 67.4 6.210 3.800 — — 2305 AYER 5.200 — — — 29.25 0.96 389.2 0.395 0.190 0.240 0.220 6602 BCB 0.235 -0.025 33 0.227 1.98 — 96.9 0.490 0.190 0.225 0.225 6173 BDB 0.225 -0.005 20 0.225 13.47 — 68.4 0.285 0.110 — — 9814 BERTAM 0.180 — — — — — 37.2 0.320 0.245 0.300 0.280 3239 BJASSET 0.300 0.015 620 0.287 — — 767.4 1.580 0.800 — — 5738 CHHB 1.050 — — — — — 289.5 1.369 0.770 0.780 0.770 6718 CRESNDO 0.770 -0.040 11 0.779 6.71 7.79 216.0 1.523 0.980 1.010 0.980 5049 CVIEW 1.000 -0.160 12.3 1.004 4.02 3.00 100.0 0.555 0.150 0.190 0.180 3484 DBHD 0.180 -0.015 163 0.183 2.39 — 57.3 0.095 0.035 0.045 0.040 7198 DPS 0.045 UNCH 4865.4 0.040 2.14 — 26.4 0.885 0.300 0.340 0.310 3417 E&O 0.335 0.005 20832 0.332 9.44 8.96 488.1 0.390 0.290 0.345 0.330 3557 ECOFIRS 0.345 UNCH 834 0.340 11.69 — 279.0 0.970 0.295 0.325 0.300 8206 ECOWLD 0.305 -0.030 3865.8 0.309 4.41 — 898.0 0.400 0.205 — — 6076 ENCORP 0.280 — — — — — 85.8 1.520 0.882 — — 8613 ENRA 1.200 — — — — 2.50 163.4 0.747 0.380 0.430 0.380 6815 EUPE 0.430 0.005 31.1 0.390 1.44 3.49 55.0 0.735 0.185 0.200 0.185 7249 EWEIN 0.185 -0.030 1388 0.191 1.33 2.70 55.8 1.140 0.310 0.345 0.310 5283 EWINT 0.345 -0.020 2427.3 0.325 4.43 — 828.0 0.375 0.180 0.205 0.190 6041 FARLIM 0.205 UNCH 11.5 0.196 — — 34.5 0.384 0.240 0.285 0.260 5020 GLOMAC 0.285 -0.005 227.7 0.267 10.25 2.81 228.0 0.350 0.170 0.250 0.240 9962 GMUTUAL 0.240 0.020 1.1 0.242 7.87 2.08 90.1 0.290 0.135 0.160 0.140 1147 GOB 0.160 UNCH 800 0.155 — — 72.7 0.776 0.375 0.390 0.375 1503 GUOCO 0.385 -0.020 84.4 0.382 — 5.19 269.7 1.300 1.190 1.230 1.220 7105 HCK 1.230 UNCH 537.8 1.220 75.00 — 521.5 0.640 0.355 — — 7010 HOOVER 0.380 — — — — — 15.2 0.465 0.145 0.200 0.180 5062 HUAYANG 0.180 -0.020 166 0.183 — — 63.4 0.387 0.095 0.115 0.105 4251 IBHD 0.110 -0.005 715.4 0.109 4.55 15.91 122.8 0.720 0.360 0.560 0.515 5084 IBRACO 0.515 -0.015 25.6 0.531 7.47 3.40 255.6 1.900 0.983 1.080 1.000 9687 IDEAL 1.040 -0.040 324.2 1.029 4.97 — 483.6 4.060 2.400 2.500 2.450 5606 IGBB 2.500 -0.100 393 2.494 8.18 0.40 2,221.3 1.393 0.825 0.875 0.860 5249 IOIPG 0.870 -0.020 2483.5 0.864 7.14 3.45 4,790.3 0.220 0.125 0.150 0.125 5175 IVORY 0.150 0.015 863 0.142 18.99 16.67 73.5 1.313 0.275 0.325 0.300 1589 IWCITY 0.300 -0.045 5796.8 0.312 — — 251.2 0.380 0.285 — — 8923 JIANKUN 0.310 — — — 12.02 — 51.7 0.090 0.045 0.050 0.050 6769 JKGLAND 0.050 UNCH 1195.9 0.050 9.80 2.00 113.7 0.669 0.350 — — 7323 KEN 0.400 — — — 31.75 3.75 76.7 1.100 0.415 0.430 0.415 7077 KPPROP 0.430 -0.010 51.5 0.425 7.28 — 86.1 0.940 0.405 0.445 0.405 5038 KSL 0.405 -0.040 356.8 0.418 1.67 — 420.2 0.154 0.050 0.065 0.060 3174 L&G 0.060 -0.005 2371.4 0.060 5.13 16.67 178.4 0.784 0.345 0.360 0.360 8494 LBICAP 0.360 -0.020 2.1 0.360 5.14 13.89 36.6 0.636 0.310 0.345 0.330 5789 LBS 0.340 -0.010 1121 0.338 5.51 5.29 532.8 0.300 0.175 — — 3573 LIENHOE 0.215 — — — — — 77.8 1.250 0.720 — — 7617 MAGNA 0.845 — — — — — 283.0 0.921 0.305 0.320 0.305 8583 MAHSING 0.310 -0.025 7576.5 0.314 6.90 14.52 752.6 0.674 0.235 0.300 0.270 6181 MALTON 0.300 -0.005 2071.4 0.289 5.40 5.00 158.4 1.960 1.240 1.450 1.360 5236 MATRIX 1.450 UNCH 1235.4 1.424 4.72 8.28 1,209.6 1.697 1.150 1.370 1.200 7189 MBWORLD 1.340 0.190 13 1.327 3.86 6.04 210.9 0.590 0.070 0.080 0.070 5182 MCT 0.070 -0.010 16741 0.073 2.41 — 102.0 0.400 0.200 0.280 0.200 1694 MENANG 0.200 -0.050 212.8 0.212 — — 96.2 0.350 0.040 0.050 0.040 5040 MERIDIAN 0.050 UNCH 2821.6 0.044 — — 29.5 0.415 0.180 — — 8141 MJPERAK 0.275 — — — — — 77.8 1.860 0.810 0.885 0.825 6114 MKH 0.825 -0.060 409.3 0.834 5.78 4.85 483.9 0.200 0.050 0.070 0.065 8893 MKLAND 0.065 -0.010 5172.9 0.065 15.85 — 78.5 0.165 0.055 — — 6548 MPCORP 0.060 — — — — — 17.3 1.125 0.280 0.315 0.300 1651 MRCB 0.310 -0.030 9862.8 0.309 57.41 3.23 1,367.7 0.540 0.240 — — 9539 MUH 0.310 — — — — — 17.5 0.255 0.145 0.190 0.160 3913 MUIPROP 0.190 0.010 6748.2 0.172 9.18 — 145.2 1.410 0.335 0.375 0.335 5073 NAIM 0.350 -0.050 5904.9 0.358 3.11 — 179.8 2.150 1.600 1.690 1.600 5827 OIB 1.600 -0.110 28 1.652 5.60 5.00 247.8 1.050 0.640 0.670 0.650 5053 OSK 0.665 -0.015 306.1 0.659 3.35 7.52 1,393.4 1.277 0.670 0.760 0.670 1724 PARAMON 0.680 -0.100 1820.6 0.687 4.76 9.25 417.8 0.420 0.150 0.175 0.155 6912 PASDEC 0.175 0.010 45.1 0.157 — — 70.1 1.080 0.750 — — 3611 PGLOBE 0.750 — — — 65.79 — 140.0 0.015 0.005 0.005 0.005 4464 PHB 0.005 UNCH 659.7 0.005 — — 50.0 1.600 0.980 1.190 1.150 7055 PLB 1.190 0.040 4 1.175 15.66 — 133.8 1.521 0.735 0.780 0.735 5075 PLENITU 0.750 -0.070 57 0.762 9.10 6.00 286.2 6.170 5.300 6.160 5.950 7765 RAPID 6.160 0.010 248.6 6.115 133.3 — 658.5 0.720 0.345 — — 4596 SAPRES 0.460 — — — — — 64.2 0.498 0.180 0.260 0.210 5207 SBCCORP 0.240 0.020 255.1 0.218 3.41 4.17 62.0 0.703 0.325 0.355 0.330 2224 SDRED 0.335 -0.005 178.6 0.334 6.33 5.97 142.8 0.370 0.120 0.220 0.180 4286 SEAL 0.220 UNCH 29 0.192 6.57 — 53.4 2.810 1.750 1.860 1.750 6017 SHL 1.750 -0.110 13 1.775 9.65 8.57 423.7 1.166 0.475 0.510 0.480 5288 SIMEPROP 0.490 -0.040 3696 0.495 5.57 8.16 3,332.4 0.195 0.070 0.100 0.075 4375 SMI 0.085 -0.005 6.8 0.081 — — 17.8 0.410 0.090 0.120 0.105 5213 SNTORIA 0.115 -0.005 286.6 0.112 — — 65.2 2.288 0.550 0.595 0.550 8664 SPSETIA 0.550 -0.070 6763.7 0.572 7.27 1.82 2,223.4 0.920 0.370 — — 3743 SUNSURIA 0.450 — — — 2.68 — 403.2 0.465 0.250 0.270 0.260 1538 SYMLIFE 0.260 -0.015 427.6 0.265 1.30 3.85 156.1 0.330 0.120 0.155 0.135 4022 TADMAX 0.135 -0.025 832.9 0.142 4.23 — 105.8 0.275 0.180 0.200 0.190 5158 TAGB 0.195 UNCH 4725.6 0.194 8.99 8.21 1,037.7 0.055 0.015 0.020 0.015 2259 TALAMT 0.015 UNCH 20519 0.015 3.33 — 64.4 0.783 0.360 0.400 0.390 5191 TAMBUN 0.395 -0.005 943.4 0.393 3.52 6.20 171.2 0.080 0.020 0.030 0.025 2429 TANCO 0.025 -0.005 155.6 0.025 — — 20.8 0.480 0.140 0.155 0.145 7889 THRIVEN 0.155 -0.010 2173.6 0.149 4.77 — 84.8 0.135 0.030 0.045 0.040 7079 TIGER 0.045 UNCH 11331.7 0.045 — — 65.9 0.320 0.240 0.255 0.245 5239 TITIJYA 0.255 UNCH 1708.8 0.251 20.56 0.59 344.7 0.940 0.720 0.790 0.750 5401 TROP 0.790 UNCH 713.1 0.777 3.41 3.42 1,161.6 1.020 0.275 0.295 0.280 5148 UEMS 0.285 -0.015 2666.8 0.287 5.78 — 1,293.2 2.350 1.380 1.410 1.380 5200 UOADEV 1.410 -0.030 385.7 1.401 6.70 9.93 2,773.7 0.150 0.035 — — 6378 WMG 0.040 — — — — — 17.0 0.995 0.650 — — 7003 Y&G 0.700 — — — 35.35 — 152.9 2.800 1.100 2.600 2.430 3158 YNHPROP 2.600 UNCH 207 2.542 32.79 — 1,375.4 0.415 0.035 0.045 0.040 7066 YONGTAI 0.045 -0.005 1062.4 0.041 — — 42.9TRANSPORTATION & LOGISTICS 8.837 3.920 4.690 4.300 5014 AIRPORT 4.500 -0.270 2761.3 4.531 15.57 3.11 7,466.4 1.400 0.750 0.870 0.870 8133 BHIC 0.870 0.005 5.7 0.870 — 4.02 216.2 4.980 3.270 3.600 3.300 5032 BIPORT 3.510 0.240 2.6 3.450 12.49 3.99 1,614.6 0.365 0.235 0.280 0.255 7187 CHGP 0.255 -0.035 69.5 0.259 27.42 — 75.8 0.470 0.205 0.270 0.230 7117 CJCEN 0.230 -0.040 374 0.243 — 3.26 90.7 0.930 0.390 0.430 0.390 5136 COMPLET 0.420 -0.060 53 0.419 6.34 — 53.3 0.525 0.200 0.240 0.220 5259 EATECH 0.240 -0.010 844.5 0.232 3.32 — 127.3 0.660 0.380 0.400 0.380 7210 FREIGHT 0.380 -0.030 454.2 0.388 8.30 9.21 106.1 0.380 0.115 0.135 0.125 0078 GDEX 0.130 -0.010 1589.2 0.128 28.26 1.92 733.4 0.655 0.265 0.330 0.280 7676 GUNUNG 0.285 -0.045 2773 0.287 — — 68.6 0.738 0.420 0.480 0.420 2062 HARBOUR 0.480 UNCH 62 0.442 7.48 3.65 192.2 0.065 0.030 0.040 0.035 7013 HUBLINE 0.040 UNCH 32163 0.040 22.22 — 152.8 0.480 0.220 0.290 0.290 5614 ILB 0.290 0.010 20 0.290 3.29 — 56.6 4.765 3.300 3.600 3.500 6645 LITRAK 3.500 UNCH 364.7 3.503 6.96 7.14 1,859.7 0.110 0.040 0.050 0.050 5078 M&G 0.050 -0.005 30 0.050 — — 36.2 0.785 0.180 0.225 0.210 5077 MAYBULK 0.215 -0.020 617.2 0.215 — — 215.0 9.239 6.090 7.470 7.200 3816 MISC 7.400 -0.040 4763.5 7.387 23.13 4.05 33,032.1 1.250 0.450 0.485 0.450 2194 MMCCORP 0.465 -0.025 4326.8 0.465 5.54 8.60 1,416.0 0.360 0.040 0.065 0.060 9806 NATWIDE 0.065 0.005 63.5 0.061 — — 8.0 0.045 0.010 0.015 0.010 6254 PDZ 0.015 UNCH 3185.6 0.013 — — 10.2 1.953 0.520 0.580 0.550 4634 POS 0.565 -0.060 2564.2 0.563 — 7.08 442.3 0.595 0.090 — — 8346 PRKCORP 0.110 — — — 0.45 — 11.0 0.740 0.125 0.150 0.140 5145 SEALINK 0.140 -0.025 724.5 0.144 — — 70.0 1.000 0.795 — — 7053 SEEHUP 0.840 — — — — 3.75 67.6 1.420 0.820 0.850 0.825 6521 SURIA 0.850 UNCH 35.6 0.830 5.63 2.94 293.9 0.330 0.115 0.130 0.125 5173 SYSCORP 0.125 -0.010 217 0.125 — — 150.0 0.460 0.140 0.155 0.145 5149 TAS 0.150 -0.020 259.6 0.147 20.55 — 27.0 1.692 0.650 0.780 0.720 5140 TASCO 0.780 0.030 20.1 0.720 13.68 6.41 156.0 0.615 0.260 0.345 0.310 8397 TNLOGIS 0.335 -0.020 824.5 0.325 — — 154.4 0.790 0.430 — — 7218 TOCEAN 0.500 — — — — — 20.5 4.457 2.970 3.580 3.190 5246 WPRTS 3.190 -0.730 3088.5 3.321 18.41 4.08 10,877.9 0.857 0.243 0.430 0.360 5267 XINHWA 0.385 -0.055 2065 0.379 23.91 — 83.2PLANTATION 0.235 0.050 0.070 0.055 7054 AASIA 0.060 -0.015 263.1 0.060 — — 39.6 17.300 11.000 11.600 11.200 1899 BKAWAN 11.460 -0.140 24.8 11.458 13.72 5.24 5,084.4 7.000 5.100 — — 5069 BLDPLNT 5.500 — — — — — 514.3 0.824 0.200 0.215 0.200 5254 BPLANT 0.205 -0.030 14350.6 0.205 — 26.83 459.2 0.740 0.285 0.305 0.285 8982 CEPAT 0.305 -0.015 88.5 0.291 203.33 4.92 97.1 7.068 4.900 — — 1929 CHINTEK 5.100 — — — 15.20 3.14 466.0 0.499 0.275 0.300 0.285 3948 DUTALND 0.295 -0.010 283 0.289 — — 249.6 2.827 2.200 — — 5029 FAREAST 2.200 — — — 16.30 1.36 1,306.4 1.590 0.715 0.800 0.750 5222 FGV 0.760 -0.085 7476.7 0.773 — — 2,772.6

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

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

2 1

TUESDAY MARCH 24, 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)

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

11.140 7.990 9.440 8.780 2291 GENP 8.800 -0.660 1316.8 9.294 53.04 1.34 7,896.8 0.520 0.300 0.320 0.300 7382 GLBHD 0.300 -0.090 41 0.312 — — 66.9 0.714 0.530 0.680 0.600 2135 GOPENG 0.680 -0.020 8.9 0.607 62.39 3.68 182.9 0.800 0.330 — — 7501 HARNLEN 0.400 — — — — — 74.2 2.113 1.250 1.290 1.260 5138 HSPLANT 1.260 -0.070 13 1.274 32.06 1.98 1,008.0 2.480 1.010 1.130 1.070 2216 IJMPLNT 1.090 -0.020 14.4 1.097 36.09 1.83 959.8 0.645 0.550 — — 2607 INCKEN 0.575 — — — — 1.84 241.9 0.995 0.400 0.450 0.400 6262 INNO 0.440 -0.015 24.5 0.448 15.44 2.27 210.7 4.774 3.410 3.680 3.500 1961 IOICORP 3.660 -0.020 7622.2 3.640 35.12 2.32 23,003.2 1.120 0.270 0.300 0.285 4383 JTIASA 0.290 -0.035 1888 0.294 — — 282.4 25.204 17.400 18.240 17.400 2445 KLK 18.140 -0.500 1765.5 18.11 36.19 2.76 19,609.7 3.650 2.620 2.700 2.700 2453 KLUANG 2.700 -0.200 13 2.700 — 0.37 170.6 1.640 0.895 0.965 0.945 5027 KMLOONG 0.955 -0.045 80.5 0.954 21.27 6.28 893.3 0.475 0.290 0.300 0.290 1996 KRETAM 0.300 -0.005 948.9 0.294 — — 698.3 0.900 0.460 — — 6572 KWANTAS 0.520 — — — — — 162.1 0.880 0.480 — — 4936 MALPAC 0.480 — — — 800 20.83 36.0 0.770 0.270 0.295 0.285 5026 MHC 0.285 -0.015 197.7 0.289 22.09 5.26 56.0 2.000 1.680 — — 5047 NPC 1.920 — — — — — 230.4 3.650 2.700 — — 2038 NSOP 2.700 — — — — 1.85 189.5 0.545 0.140 0.195 0.150 1902 PINEPAC 0.155 -0.040 115.5 0.156 0.30 — 23.2 1.310 0.350 — — 9695 PLS 0.500 — — — — — 175.4 0.465 0.115 0.135 0.120 5113 RSAWIT 0.125 -0.015 5059.1 0.127 — — 177.3 3.039 2.250 — — 2542 RVIEW 2.250 — — — 69.02 1.33 145.9 3.128 2.350 — — 2569 SBAGAN 2.700 — — — 93.10 0.74 179.1 0.440 0.205 — — 4316 SHCHAN 0.370 — — — 15.95 — 48.8 5.630 3.820 4.730 4.140 5285 SIMEPLT 4.600 -0.250 8224.7 4.627 353.8 0.22 31,669.0 4.220 1.900 2.000 1.900 5126 SOP 1.940 -0.130 337.6 1.950 12.34 2.58 1,107.6 2.110 1.300 — — 5135 SWKPLNT 1.400 — — — 18.67 3.57 392.0 3.484 1.810 1.930 1.820 5012 TAANN 1.920 -0.030 514.3 1.898 20.15 5.21 854.1 0.445 0.110 0.135 0.120 2054 TDM 0.130 -0.020 2608.5 0.130 — — 218.7 0.685 0.185 0.215 0.185 5112 THPLANT 0.215 -0.005 737.2 0.204 — — 190.0 1.590 0.560 0.610 0.570 9059 TSH 0.585 -0.045 1519.5 0.582 18.34 1.71 808.4 5.429 4.010 4.100 4.010 2593 UMCCA 4.010 -0.090 66.6 4.094 12.86 2.00 841.2 27.000 23.000 24.500 23.900 2089 UTDPLT 23.900 -0.200 16.4 24.000 17.52 1.67 4,974.4TELECOMMUNICATIONS & MEDIA 0.170 0.040 — — 0159 AMEDIA 0.040 — — — — — 9.6 0.680 0.470 0.470 0.470 7031 AMTEL 0.470 -0.070 2 0.470 5.09 — 25.5 1.565 0.705 0.760 0.705 6399 ASTRO 0.710 -0.020 3541.5 0.729 5.83 10.56 3,702.3 5.219 3.010 3.150 3.080 6888 AXIATA 3.120 -0.080 7544.9 3.121 20.94 3.04 28,592.1 0.270 0.075 — — 6025 BJMEDIA 0.105 — — — — — 24.7 4.936 3.820 4.200 4.020 6947 DIGI 4.100 -0.070 4136.3 4.139 22.25 4.44 31,877.5 0.310 0.075 0.095 0.090 0059 ECOHLDS 0.090 -0.010 94.2 0.092 10.98 — 28.2 0.935 0.305 0.450 0.395 0082 GPACKET 0.420 -0.035 961 0.416 — — 393.1 5.645 4.590 5.280 4.900 6012 MAXIS 5.150 -0.050 3731.5 5.125 26.55 3.88 40,275.6 0.540 0.110 0.125 0.115 4502 MEDIA 0.120 -0.005 428.5 0.120 — — 133.1 0.255 0.120 0.165 0.135 5090 MEDIAC 0.165 UNCH 6361 0.152 — 6.61 278.4 0.665 0.345 0.380 0.350 0172 OCK 0.375 -0.005 524 0.363 11.98 — 359.5 0.414 0.230 — — 7190 PPG 0.230 — — — — 4.35 23.0 0.250 0.085 0.105 0.095 5252 SASBADI 0.100 -0.005 530.9 0.097 14.29 — 41.9 0.580 0.450 — — 9431 SJC 0.540 — — — — — 21.9 0.780 0.225 0.245 0.225 6084 STAR 0.230 -0.015 3196.6 0.232 29.87 8.70 169.9 9.670 8.219 8.900 8.550 5031 TIMECOM 8.780 -0.130 1059.5 8.755 16.34 1.13 5,141.0 4.532 2.518 3.460 3.370 4863 TM 3.400 -0.120 3473.3 3.429 20.24 2.94 12,803TECHNOLOGY 0.680 0.470 0.470 0.470 7031 AMTEL 0.470 -0.070 2 0.470 5.09 — 25.5 0.160 0.035 0.095 0.040 5195 CENSOF 0.090 0.030 14199.3 0.070 — — 45.2 0.250 0.045 0.055 0.050 0051 CUSCAPI 0.055 UNCH 779.6 0.055 — — 47.3 0.925 0.430 0.465 0.435 7204 D&O 0.450 -0.050 2460.5 0.452 15.15 2.22 506.6 0.280 0.060 0.080 0.070 8338 DATAPRP 0.070 -0.015 529.6 0.075 — — 32.4 0.060 0.015 0.020 0.015 0029 DIGISTA 0.015 -0.010 652.2 0.017 — — 9.9 0.310 0.070 0.095 0.085 4456 DNEX 0.090 -0.010 9257.5 0.091 5.26 5.56 158.2 1.673 0.418 0.620 0.570 5216 DSONIC 0.585 -0.080 34903.2 0.598 13.24 5.13 789.8 0.605 0.115 0.180 0.180 5036 EDARAN 0.180 -0.030 27 0.180 — — 10.8 0.732 0.230 0.265 0.260 0065 EFORCE 0.265 -0.015 1038.6 0.262 20.38 5.21 163.1 1.074 0.385 0.425 0.405 0090 ELSOFT 0.410 -0.040 1132.9 0.414 15.47 7.32 274.5 2.647 0.913 1.450 1.200 0128 FRONTKN 1.340 -0.110 13792.1 1.366 20.27 1.87 1,411.6 0.100 0.030 — — 9377 FSBM 0.070 — — — — — 9.9 1.800 1.040 1.360 1.190 0021 GHLSYS 1.300 -0.030 666.8 1.294 33.59 — 974.0 0.935 0.305 0.450 0.395 0082 GPACKET 0.420 -0.035 961 0.416 — — 393.1 0.300 0.165 0.205 0.190 0056 GRANFLO 0.205 UNCH 277.5 0.197 34.17 2.44 102.0 2.439 1.290 1.480 1.380 7022 GTRONIC 1.460 -0.060 2335 1.441 21.86 2.05 977.4 1.440 0.450 0.500 0.450 5028 HTPADU 0.460 -0.070 1736.4 0.469 6.55 — 46.6 2.049 0.900 1.110 1.030 0166 INARI 1.040 -0.110 14768.5 1.066 20.51 4.23 3,368.9 0.308 0.150 0.170 0.160 0192 INTA 0.165 -0.005 312.5 0.166 3.93 6.06 88.3 0.130 0.035 0.040 0.040 9393 ITRONIC 0.040 UNCH 20 0.040 — — 5.3 0.365 0.130 0.145 0.135 5161 JCY 0.140 -0.015 4301 0.140 — 3.57 292.2 12.000 5.000 5.700 5.290 9334 KESM 5.400 -0.460 125.2 5.540 24.40 1.67 232.3 0.150 0.020 0.030 0.020 0143 KEYASIC 0.030 0.005 2344 0.025 — — 28.5 0.405 0.310 — — 0302 MCOM 0.405 — — — 126.5 — 76.4 3.077 0.949 1.580 1.370 5286 MI 1.410 -0.260 27671.7 1.477 17.83 3.55 1,057.5 0.917 0.325 0.400 0.340 0113 MMSV 0.385 -0.015 239.9 0.368 10.10 5.19 78.5 12.960 7.390 9.060 8.600 3867 MPI 8.670 -0.430 27.9 8.746 12.80 3.69 1,819.7 1.620 0.550 0.630 0.600 5011 MSNIAGA 0.630 UNCH 16.5 0.613 — — 38.1 1.725 0.765 0.815 0.785 0138 MYEG 0.800 -0.035 48108.2 0.802 11.27 2.38 2,885.0 0.243 0.040 0.050 0.045 0041 MYSCM 0.050 UNCH 305 0.048 — — 15.9 1.380 0.410 0.535 0.470 0083 NOTION 0.485 -0.080 19935.1 0.507 6.80 2.06 163.3 0.715 0.320 0.445 0.400 9008 OMESTI 0.410 -0.050 4363.7 0.421 7.72 — 217.6 5.580 2.370 2.630 2.370 7160 PENTA 2.480 -0.190 5734.8 2.508 14.19 — 1,177.7 0.650 0.100 0.125 0.115 5204 PRESBHD 0.115 -0.020 2163.1 0.119 — — 55.7 0.580 0.160 0.200 0.165 9075 THETA 0.200 -0.010 55.9 0.171 117.65 — 21.4 0.025 0.005 0.010 0.005 0118 TRIVE 0.010 UNCH 18089 0.005 — — 25.5 0.180 0.065 — — 4359 TURIYA 0.070 — — — — — 16.0 2.905 1.600 1.700 1.650 5005 UNISEM 1.660 -0.070 180.5 1.680 — 5.42 1,218.2 3.390 0.726 1.390 1.130 5292 UWC 1.260 -0.140 34173 1.275 20.06 1.59 693.3 9.570 6.090 6.800 6.350 0097 VITROX 6.610 -0.250 187 6.629 39.07 0.83 3,113.6 1.670 0.700 0.805 0.755 5162 VSTECS 0.785 -0.050 396.6 0.782 4.76 7.01 141.3 0.645 0.300 0.350 0.325 0008 WILLOW 0.330 -0.030 211.6 0.334 10.78 3.03 163.7UTILITIES 0.375 0.090 0.120 0.110 7471 EDEN 0.115 -0.010 6660 0.114 7.99 — 46.4 2.855 2.300 2.480 2.410 5209 GASMSIA 2.420 -0.080 207.4 2.443 16.35 3.97 3,107.3 0.915 0.645 0.670 0.645 5264 MALAKOF 0.660 -0.020 2595.9 0.660 1.35 9.00 3,300.0 5.600 3.100 3.350 3.100 3069 MFCB 3.200 -0.260 2082.5 3.260 8.35 1.25 1,453.0 1.158 0.725 0.765 0.725 5041 PBA 0.750 -0.050 31 0.744 9.87 3.51 248.5 17.652 13.360 15.440 14.860 6033 PETGAS 15.260 -0.420 1465.3 15.248 15.60 4.72 30,195.4 1.400 0.820 0.890 0.820 5272 RANHILL 0.890 0.010 903.4 0.862 11.63 5.62 954.9 0.298 0.100 0.110 0.100 8567 SALCON 0.110 -0.010 3802.2 0.106 — — 93.2 0.955 0.635 0.640 0.635 8524 TALIWRK 0.635 -0.010 415.4 0.636 16.75 8.27 1,280.0 14.000 10.800 11.980 11.720 5347 TENAGA 11.900 -0.120 4721.1 11.882 14.94 4.20 67,674.0 1.197 0.600 0.680 0.640 4677 YTL 0.660 -0.070 4508.3 0.666 67.35 6.06 7,275.0 0.853 0.480 0.520 0.500 6742 YTLPOWR 0.505 -0.030 3221.1 0.510 9.28 9.90 4,119.9CLOSED-END FUNDS 2.470 1.850 1.870 1.850 5108 ICAP 1.860 -0.040 34.1 1.859 68.89 — 260.4EXCHANGE TRADED FUNDS 1.320 1.177 1.180 1.180 0800EA ABFMY1 1.180 -0.010 4 1.180 — 1.35 1,525.6 6.460 5.160 — — 0829EA CHINAETF-MYR 5.430 — — — — — 8.4 1.345 1.345 — — 0829EB CHINAETF-USD 1.345 — — — — — 0.9 4.070 3.020 — — 0831EA FANG-1XI 4.060 — — — — — 2.1 6.470 2.660 — — 0830EA FANG-2XL 2.660 — — — — — 0.6 1.790 1.350 1.360 1.360 0820EA FBMKLCI-EA 1.360 UNCH 2 1.360 — 2.43 2.3 2.370 1.840 — — 0833EA HSCEI-1XI 2.370 — — — — — 1.5 2.260 1.250 — — 0832EA HSCEI-2XL 1.250 — — — — — 0.4 2.670 2.005 2.490 2.490 0835EA KLCI1XI 2.490 -0.150 20 2.490 — — 2.5 2.000 1.260 — — 0834EA KLCI2XL 1.260 — — — — — 1.3 1.045 0.940 — — 0826EA METFAPA 0.945 — — — — — 17.0 1.000 0.455 — — 0825EA METFSID 0.455 — — — — 4.77 28.2 1.410 1.040 1.070 1.070 0827EA METFUS50 1.070 UNCH 0.9 1.070 — — 9.4 1.150 0.900 — — 0821EA MYETFDJ 0.920 — — — — 1.97 239.1 1.180 0.950 — — 0824EA MYETFID 0.950 — — — — 3.12 29.3 1.950 1.420 — — 0822EA PAM-A40M 1.420 — — — — 4.82 3.8 1.690 1.300 — — 0823EA PAM-C50 1.335 — — — — — 9.5REAL ESTATE INVESTMENT TRUSTS 0.789 0.580 — — 4952 AHP 0.640 — — — 11.02 8.98 140.8 1.592 1.164 1.350 1.310 5116 ALAQAR 1.340 UNCH 185.6 1.335 12.95 5.11 986.2 0.887 0.595 0.630 0.600 5269 ALSREIT 0.620 0.020 18.9 0.610 9.95 7.13 359.6 0.505 0.320 0.360 0.340 5120 AMFIRST 0.360 0.005 3005.5 0.354 12.16 10.89 247.1 0.797 0.500 0.540 0.510 5127 ARREIT 0.525 -0.015 307.7 0.527 22.73 11.81 300.9 1.171 0.805 0.870 0.835 5130 ATRIUM 0.840 -0.040 67.3 0.854 25.77 7.80 171.9 2.010 1.597 1.890 1.760 5106 AXREIT 1.800 0.010 7453 1.802 13.96 4.10 2,596.2 1.071 0.735 0.810 0.780 5180 CMMT 0.810 0.020 1348.1 0.793 22.82 7.72 1,664.9 1.070 0.550 0.650 0.600 5121 HEKTAR 0.600 -0.040 238 0.605 24.19 12.95 277.2 2.035 1.430 1.610 1.520 5227 IGBREIT 1.550 -0.060 4664.2 1.556 17.40 5.90 5,505.3 0.915 0.600 0.710 0.640 5280 KIPREIT 0.700 UNCH 890.7 0.681 7.58 8.77 353.7 8.290 7.380 7.650 7.380 5235SS KLCC 7.580 -0.020 1042.5 7.477 17.32 5.01 13,684.4 1.042 0.500 0.565 0.510 5123 MQREIT 0.555 -0.005 1454.2 0.546 20.33 12.25 594.8 1.845 1.350 1.560 1.500 5212 PAVREIT 1.550 -0.020 524.2 1.528 17.94 5.48 4,717.2 1.918 1.500 1.600 1.560 5176 SUNREIT 1.580 -0.040 2494.4 1.571 11.76 6.21 4,653.2 0.883 0.490 0.550 0.550 5111 TWRREIT 0.550 -0.040 80 0.550 12.47 9.42 154.3 1.368 1.050 1.100 1.050 5110 UOAREIT 1.070 -0.070 50.9 1.070 21.49 8.51 452.5 1.359 0.700 0.830 0.775 5109 YTLREIT 0.795 -0.035 1644.6 0.804 11.64 0.49 1,355.0SPAC 0.505 0.505 — — 5270 RSENA 0.505 — — — — — 505.0ENERGY 0.200 0.030 0.040 0.035 5115 ALAM 0.035 -0.010 8785.5 0.037 — — 39.6 0.555 0.110 0.125 0.115 5210 ARMADA 0.115 -0.020 47804 0.120 11.50 — 675.8 0.115 0.010 0.015 0.010 7251 BARAKAH 0.015 UNCH 618.2 0.015 — — 12.5 1.441 0.325 0.400 0.355 5257 CARIMIN 0.380 -0.050 4505.4 0.382 2.88 11.05 88.9 1.510 0.530 0.585 0.550 5071 COASTAL 0.565 -0.030 453.8 0.565 31.22 — 302.5 0.020 0.005 0.005 0.005 0091 DAYA 0.005 UNCH 130 0.005 — — 10.2 3.010 0.710 0.880 0.775 5141 DAYANG 0.795 -0.120 32038.8 0.825 3.37 — 843.7 1.067 0.340 0.390 0.365 5132 DELEUM 0.375 -0.040 559.6 0.374 4.54 11.73 150.6 3.539 2.700 3.010 2.830 7277 DIALOG 2.860 -0.170 11971.7 2.897 26.56 1.33 16,135.1 0.510 0.135 0.170 0.165 7253 HANDAL 0.170 -0.025 225 0.167 — — 37.2 6.230 2.200 2.330 2.250 4324 HENGYUAN 2.290 -0.190 1084.7 2.289 19.97 — 687.0 1.240 0.245 0.300 0.270 5199 HIBISCS 0.285 -0.035 53045.3 0.287 3.07 — 452.6 0.280 0.035 0.045 0.040 2739 HUAAN 0.045 -0.005 556.1 0.044 — — 50.5 0.950 0.035 0.045 0.040 5255 ICON 0.040 -0.010 3048.3 0.045 — — 105.7 0.475 0.085 0.105 0.095 7164 KNM 0.100 -0.020 24978.3 0.100 5.13 — 264.5 0.970 0.255 0.330 0.300 5186 MHB 0.305 -0.045 612.1 0.306 — — 488.0 1.833 0.385 0.500 0.440 5133 PENERGY 0.475 -0.055 1302.6 0.473 2.44 8.42 152.8

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

0.555 0.100 0.125 0.115 7108 PERDANA 0.120 -0.020 29103.2 0.120 — — 223.2 6.698 2.490 2.720 2.600 3042 PETRONM 2.680 -0.010 184.6 2.665 4.09 7.46 723.6 0.345 0.025 0.035 0.030 5256 REACH 0.030 -0.005 3012.5 0.031 — — 32.9 0.364 0.060 0.070 0.065 5218 SAPNRG 0.070 -0.005 54952 0.068 — — 1,118.5 0.145 0.010 0.015 0.010 7158 SCOMI 0.010 -0.005 1720.6 0.014 — — 10.9 0.700 0.040 0.040 0.040 7045 SCOMIES 0.040 UNCH 190.9 0.040 — — 18.7 2.492 1.020 1.210 1.100 5279 SERBADK 1.150 -0.150 13251.6 1.165 7.69 4.25 3,546.4 0.045 0.005 — — 1201 SUMATEC 0.005 — — — — — 21.3 0.559 0.210 0.295 0.265 7228 T7GLOBAL 0.295 UNCH 668.2 0.284 20.21 1.69 156.9 0.145 0.040 0.050 0.045 7206 THHEAVY 0.050 -0.005 5175.2 0.045 4.55 — 56.1 1.140 0.310 0.390 0.345 7250 UZMA 0.345 -0.060 3335.9 0.368 3.80 — 110.4 0.410 0.090 0.110 0.100 5243 VELESTO 0.100 -0.015 49944.9 0.105 24.39 — 821.6 1.450 0.460 0.550 0.520 5142 WASEONG 0.520 -0.070 948.3 0.530 16.72 — 402.9 7.420 4.240 4.620 4.390 7293 YINSON 4.580 -0.030 1377.7 4.579 24.88 1.31 5,016.5

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

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

CONSUMER PRODUCTS & SERVICES 0.730 0.225 0.245 0.235 0098 BAHVEST 0.240 -0.030 876.9 0.240 32.43 — 294.0 0.225 0.065 0.080 0.070 0179 BIOHLDG 0.080 Unch 3140.5 0.074 7.62 1.38 68.8 0.215 0.085 0.095 0.090 0205 DPIH 0.095 -0.005 1015 0.092 4.13 4.74 46.2 0.790 0.095 0.640 0.565 0116 FOCUS 0.630 0.030 20316.3 0.628 — — 1,287.9 0.770 0.180 0.350 0.320 0157 FOCUSP 0.335 -0.035 403.3 0.339 6.65 5.22 73.7 0.150 0.075 0.090 0.085 0074 GOCEAN 0.085 -0.010 156 0.085 — — 24.6 0.125 0.035 0.070 0.060 0170 KANGER 0.065 -0.005 2135.3 0.065 6.84 — 80.3 0.408 0.115 0.125 0.125 0210 KHJB 0.125 Unch 100 0.125 4.68 12.00 47.5 0.220 0.110 0.120 0.115 0180 KTC 0.115 -0.010 1034.1 0.115 5.56 — 58.7 0.260 0.085 0.105 0.095 0182 LKL 0.100 -0.005 585.3 0.099 — — 42.9 0.220 0.030 0.045 0.035 0140 MACPIE 0.040 -0.005 44 0.040 — — 14.1 0.645 0.340 0.400 0.375 0201 NOVA 0.395 -0.015 69.5 0.383 10.29 2.91 125.5 0.150 0.090 — — 0153 OVERSEA 0.110 — — — — — 27.1 0.175 0.025 — — 0022 PARLO 0.040 — — — — — 14.6 0.400 0.120 0.135 0.125 0171 PLABS 0.125 -0.015 210.9 0.127 6.28 — 26.8 0.509 0.300 0.335 0.300 0158 SCC 0.335 0.010 105.4 0.315 8.91 10.15 47.3 0.270 0.095 0.110 0.095 0212 SDS 0.110 0.005 612.6 0.100 — — 44.6 0.275 0.115 0.145 0.145 0216 SPRING 0.145 -0.005 11 0.145 3.33 — 60.3 0.200 0.030 0.035 0.030 0148 SUNZEN 0.030 -0.010 209.8 0.032 — — 16.1 0.370 0.100 0.130 0.130 0197 WEGMANS 0.130 0.010 2 0.130 8.18 3.85 65.0 0.270 0.120 0.185 0.155 0095 XINGHE 0.170 -0.010 7302.6 0.180 — — 104.0INDUSTRIAL PRODUCTS & SERVICES 0.245 0.135 0.155 0.140 0218 ACO 0.145 -0.010 6725.7 0.147 0.05 — 43.5 0.295 0.175 — — 0122 AIM 0.245 — — — — — 65.2 0.085 0.030 0.030 0.030 0105 ASIAPLY 0.030 -0.005 1138.7 0.030 — — 13.7 0.095 0.015 0.020 0.015 0072 AT 0.020 Unch 13461.4 0.016 — — 29.9 0.205 0.060 0.070 0.065 0187 BCMALL 0.070 -0.005 2043.1 0.068 5.74 2.86 29.5 0.425 0.130 0.200 0.185 0163 CAREPLS 0.185 -0.025 8073 0.192 — — 98.3 0.130 0.045 0.055 0.045 0102 CONNECT 0.050 -0.010 933.5 0.050 — — 16.5 0.245 0.100 0.110 0.110 0190 ESAFE 0.110 0.005 10 0.110 16.67 16.36 26.5 0.390 0.127 0.155 0.140 0100 ESCERAM 0.140 -0.020 926.8 0.147 12.17 4.29 28.8 0.548 0.060 0.085 0.075 0039 GFM 0.075 -0.020 105.8 0.082 5.91 14.67 35.4 1.950 0.130 0.170 0.140 0175 HHGROUP 0.170 0.010 36.2 0.162 — — 5.8 0.155 0.040 0.050 0.045 0160 HHHCORP 0.045 -0.010 200 0.047 7.89 — 15.0 0.305 0.100 0.125 0.115 0188 HLT 0.120 -0.015 219.6 0.118 13.19 — 61.4 0.055 0.025 0.030 0.025 0024 JAG 0.030 Unch 306.8 0.026 — — 54.6 1.043 0.078 0.765 0.680 0193 KAB 0.720 -0.045 370.5 0.727 40.22 0.69 666.4 0.385 0.055 0.090 0.075 0167 MCLEAN 0.080 -0.015 1157.4 0.079 — — 15.8 0.180 0.035 0.045 0.040 0081 MEGASUN 0.045 0.005 259 0.043 — — 11.3 0.210 0.050 0.065 0.060 0207 MESTRON 0.065 Unch 575.5 0.060 11.21 — 51.4 0.688 0.200 0.225 0.210 0213 MTAG 0.215 -0.025 3851.9 0.217 4.00 — 146.5 0.070 0.010 — — 0177 PASUKGB 0.015 — — — — — 12.2 0.220 0.050 0.065 0.060 0038 PTB 0.060 -0.005 164.2 0.060 — — 15.8 0.435 0.155 0.190 0.170 0217 PWRWELL 0.185 -0.020 5296.9 0.181 9.64 — 107.4 0.265 0.080 0.095 0.090 0196 QES 0.090 -0.015 1255.5 0.090 20.45 — 68.2 0.075 0.035 0.045 0.040 0133 SANICHI 0.045 Unch 41522.1 0.045 — — 49.9 0.140 0.035 0.040 0.035 0161 SCH 0.040 -0.005 209.2 0.035 3.81 — 22.2 0.982 0.315 0.360 0.340 0001 SCOMNET 0.350 -0.020 525.9 0.350 11.95 2.86 225.1 0.290 0.065 0.070 0.070 0028 SCOPE 0.070 -0.010 294.5 0.070 — — 44.0 0.155 0.050 — — 0055 SERSOL 0.065 — — — — — 14.0 1.410 0.510 0.580 0.530 0215 SLVEST 0.550 -0.060 7994.9 0.557 14.47 — 214.8 0.580 0.095 0.120 0.105 0211 TASHIN 0.110 -0.030 169 0.112 26.19 — 38.4 0.575 0.190 0.220 0.190 0084 TECFAST 0.205 -0.025 439.1 0.210 13.31 4.88 46.8 0.541 0.140 0.190 0.190 0089 TEXCYCL 0.190 -0.005 110 0.190 9.60 3.16 48.7 0.610 0.215 0.280 0.250 0162 WIDAD 0.280 Unch 3287.6 0.266 57.14 — 687.3 0.195 0.075 0.085 0.075 0025 YBS 0.080 -0.010 1032.7 0.081 53.33 — 19.4TECHNOLOGY 0.325 0.075 0.090 0.090 0181 AEMULUS 0.090 -0.005 596.5 0.090 — 2.22 49.5 0.265 0.075 0.100 0.100 0119 APPASIA 0.100 -0.015 25 0.100 — — 34.5 0.290 0.065 — — 0068 ASDION 0.080 — — — — — 10.2 0.600 0.195 0.245 0.210 0195 BINACOM 0.220 -0.035 4713.2 0.228 17.89 — 58.2 0.299 0.110 0.125 0.110 0191 CABNET 0.125 Unch 64.7 0.118 9.33 6.40 22.3 0.195 0.015 0.020 0.015 0152 DGB 0.015 -0.005 1945.3 0.018 — — 11.8 0.110 0.045 0.045 0.045 0131 DGSB 0.045 -0.005 138 0.045 8.49 — 33.6 0.020 0.005 0.010 0.005 0154 EAH 0.010 Unch 6036 0.005 — — 50.7 0.069 0.010 0.015 0.010 0107 EDUSPEC 0.015 Unch 429.2 0.012 — — 25.5 1.770 1.030 1.110 1.050 0104 GENETEC 1.070 Unch 24 1.083 11.63 4.67 45.3 0.100 0.030 0.030 0.030 0045 GNB 0.030 -0.005 300 0.030 — — 8.7 3.880 0.635 1.600 1.390 0208 GREATEC 1.410 -0.250 7404.7 1.476 15.44 — 882.7 0.035 0.015 0.020 0.015 0174 IDMENSN 0.020 0.005 395.1 0.020 — — 5.4 0.570 0.165 0.185 0.170 0023 IFCAMSC 0.185 -0.015 4689.8 0.178 16.67 5.41 112.5 0.090 0.015 — — 0094 INIX 0.025 — — — — — 7.5 0.195 0.060 0.070 0.060 0010 IRIS 0.060 -0.010 6051.6 0.064 5.45 — 178.0 0.275 0.095 0.115 0.100 0209 ISTONE 0.110 -0.015 1561.9 0.107 13.25 — 134.4 1.950 0.695 1.080 1.010 0146 JFTECH 1.050 -0.070 234.2 1.048 92.92 0.48 220.5 1.768 0.500 0.585 0.540 0127 JHM 0.540 -0.080 3777.1 0.568 9.89 3.70 301.1 0.285 0.090 0.105 0.100 0111 K1 0.105 -0.005 458.7 0.100 12.21 — 76.5 0.050 0.010 — — 0036 KGROUP 0.010 — — — — — 5.8 0.960 0.315 0.375 0.330 0176 KRONO 0.350 -0.045 3889.6 0.359 8.41 5.71 171.2 0.160 0.005 0.015 0.005 0018 LAMBO 0.010 -0.005 70275 0.010 2.08 — 21.0 0.405 0.120 0.155 0.140 0075 LYC 0.150 -0.010 116.6 0.144 — — 51.0 0.055 0.020 0.025 0.020 0017 M3TECH 0.025 -0.005 161 0.020 — — 16.1 0.285 0.104 0.155 0.150 0155 MGRC 0.150 -0.015 88.4 0.151 0.71 — 15.5 0.980 0.305 — — 0126 MICROLN 0.700 — — — 13.38 — 128.9 0.270 0.130 0.140 0.135 0112 MIKROMB 0.140 -0.015 103.8 0.140 13.86 5.71 82.5 0.075 0.010 0.015 0.010 0085 MLAB 0.015 Unch 1030 0.015 — — 11.6 0.400 0.120 0.180 0.160 0034 MMAG 0.160 Unch 101 0.161 — — 114.9 0.125 0.010 0.015 0.010 0103 MNC 0.015 Unch 15 0.012 — — 17.1 0.140 0.040 0.050 0.045 0156 MPAY 0.050 Unch 910.7 0.048 — — 35.5 0.050 0.010 0.015 0.010 0070 MQTECH 0.010 -0.005 300 0.012 — — 6.8 0.205 0.050 0.120 0.115 0092 MTOUCHE 0.115 -0.005 12626 0.118 — — 58.5 0.880 0.350 0.395 0.375 0108 N2N 0.395 -0.030 359 0.387 13.86 5.06 236.2 0.025 0.005 0.010 0.005 0020 NETX 0.010 Unch 4548.1 0.009 — — 41.0 0.020 0.005 0.010 0.005 0096 NEXGRAM 0.010 Unch 1413 0.007 — — 20.7 0.110 0.015 0.030 0.025 0026 NOVAMSC 0.025 -0.005 1056.1 0.025 — — 18.8 0.840 0.195 0.220 0.200 0035 OPCOM 0.210 -0.030 1416.8 0.212 — — 33.9 0.455 0.260 0.285 0.270 0040 OPENSYS 0.280 -0.015 1139.5 0.277 7.51 7.14 83.4 0.230 0.030 0.035 0.030 0079 ORION 0.035 Unch 617 0.035 — — 25.5 0.390 0.200 — — 0006 PINEAPP 0.280 — — — — — 13.6 0.085 0.020 0.020 0.020 0123 PRIVA 0.020 -0.005 40.2 0.020 — — 11.2 1.530 0.670 0.805 0.700 0200 REVENUE 0.770 -0.040 5125.4 0.766 23.33 — 299.9 0.715 0.355 0.380 0.355 0106 REXIT 0.360 -0.040 117.5 0.366 7.19 8.33 68.2 0.390 0.180 0.195 0.185 0202 RGTECH 0.185 -0.025 6123.2 0.189 17.45 — 97.2 0.310 0.080 0.095 0.085 0178 SEDANIA 0.095 -0.010 504.9 0.093 9.22 — 23.9 0.267 0.035 0.050 0.045 0203 SMETRIC 0.045 -0.010 815.2 0.046 10.71 — 21.9 0.125 0.015 0.045 0.035 0117 SMRT 0.040 -0.015 248.8 0.040 — — 16.3 0.280 0.040 — — 0169 SMTRACK 0.045 — — — — — 8.0 0.130 0.045 0.050 0.045 0093 SOLUTN 0.050 -0.005 462 0.046 — — 15.3 0.375 0.195 0.370 0.360 0129 SRIDGE 0.365 -0.005 4388.8 0.365 — — 53.0 0.250 0.060 0.075 0.065 0050 SYSTECH 0.065 -0.015 55 0.070 — 3.08 22.6 0.090 0.020 0.040 0.035 0132 TDEX 0.040 Unch 151 0.035 — — 23.6 0.140 0.040 — — 0145 TFP 0.075 — — — — — 15.6 0.270 0.035 0.050 0.040 0005 UCREST 0.040 -0.010 1665.4 0.043 — — 18.6 0.330 0.020 0.025 0.020 0060 VC 0.025 Unch 3174.8 0.022 — — 12.0 0.775 0.210 0.240 0.210 0120 VIS 0.215 -0.050 4013.4 0.226 9.56 4.65 36.7 0.025 0.015 0.020 0.015 0069 VIVOCOM 0.015 Unch 8974.4 0.015 75.00 — 85.0 0.255 0.015 0.020 0.015 0066 VSOLAR 0.015 -0.005 2105.1 0.015 — — 6.2 0.045 0.035 — — 0141 WINTONI 0.035 — — — — — 18.0 0.200 0.090 0.090 0.090 0086 YGL 0.090 Unch 270 0.090 — — 23.0TELECOMMUNICATIONS & MEDIA 0.600 0.195 0.245 0.210 0195 BINACOM 0.220 -0.035 4713.2 0.228 17.89 — 58.2 0.565 0.400 — — 0147 INNITY 0.475 — — — 52.20 — 66.1 0.055 0.020 0.025 0.020 0017 M3TECH 0.025 -0.005 161 0.020 — — 16.1 0.125 0.010 0.015 0.010 0103 MNC 0.015 Unch 15 0.012 — — 17.1 0.205 0.050 0.120 0.115 0092 MTOUCHE 0.115 -0.005 12626 0.118 — — 58.5 0.020 0.005 0.010 0.005 0096 NEXGRAM 0.010 Unch 1413 0.007 — — 20.7 0.840 0.195 0.220 0.200 0035 OPCOM 0.210 -0.030 1416.8 0.212 — — 33.9 0.085 0.020 0.020 0.020 0123 PRIVA 0.020 -0.005 40.2 0.020 — — 11.2 0.525 0.060 0.070 0.060 0007 PUC 0.070 -0.005 1005.8 0.066 — — 33.2 0.610 0.200 0.225 0.205 0032 REDTONE 0.215 -0.030 1030.9 0.219 6.01 — 168.2 0.255 0.040 — — 0173 REV 0.060 — — — — — 8.1 0.310 0.080 0.095 0.085 0178 SEDANIA 0.095 -0.010 504.9 0.093 9.22 — 23.9 0.375 0.195 0.370 0.360 0129 SRIDGE 0.365 -0.005 4388.8 0.365 — — 53.0 0.065 0.010 0.020 0.015 0165 XOX 0.020 Unch 8282.3 0.015 — — 21.8FINANCIAL SERVICES 0.095 0.020 0.025 0.020 0150 FINTEC 0.025 Unch 1608 0.025 0.09 — 20.3 0.580 0.300 0.385 0.385 0053 OSKVI 0.385 0.035 2 0.385 12.38 — 76.1HEALTH CARE 0.425 0.130 0.200 0.185 0163 CAREPLS 0.185 -0.025 8073 0.192 — — 98.3 0.260 0.085 0.105 0.095 0182 LKL 0.100 -0.005 585.3 0.099 — — 42.9 0.285 0.104 0.155 0.150 0155 MGRC 0.150 -0.015 88.4 0.151 0.71 — 15.5 0.645 0.340 0.400 0.375 0201 NOVA 0.395 -0.015 69.5 0.383 10.29 2.91 125.5TRANSPORTATION & LOGISTICS 0.105 0.030 0.040 0.035 0048 ANCOMLB 0.040 Unch 633.6 0.040 — — 18.9 0.285 0.130 0.145 0.130 0080 STRAITS 0.140 -0.010 2949.1 0.135 12.84 — 91.1 0.443 0.170 0.200 0.185 0199 TRIMODE 0.185 -0.035 7.2 0.193 12.25 4.05 30.7CONSTRUCTION 0.783 0.248 0.415 0.360 0198 GDB 0.390 -0.040 6146.3 0.398 8.35 5.13 243.8 0.304 0.185 0.210 0.190 0206 NADIBHD 0.210 -0.010 342 0.200 6.23 4.76 158.1 0.050 0.015 0.025 0.015 0109 SCBUILD 0.025 Unch 261.3 0.021 10.42 — 22.1PLANTATION 0.100 0.050 0.055 0.050 0189 MATANG 0.050 -0.005 3864 0.050 83.33 3.00 90.5UTILITIES 0.347 0.150 0.180 0.170 0011 BTECH 0.170 -0.020 387.7 0.177 7.33 9.41 42.8

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

TUESDAY MARCH 24, 2020 • THEEDGE FINANCIAL DAILY 2 2

Bursa Malaysia Equity Derivatives

0.545 0.100 0.135 0.100 70354 A50CHIN-C54 0.100 -0.100 168 7.073 8.544 22.91 30/06/2020 0.320 0.130 0.150 0.130 70358 A50CHIN-C58 0.130 -0.055 439 7.073 9.113 31.60 30/09/2020 0.665 0.310 0.365 0.310 70360 A50CHIN-C60 0.310 -0.105 441.9 7.073 7.974 19.31 30/09/2020 0.720 0.070 0.720 0.720 70337 A50CHIN-H37 0.720 0.165 5 7.073 7.974 28.01 29/04/2020 0.500 0.050 0.480 0.475 70339 A50CHIN-H39 0.480 0.095 93.6 7.073 7.120 10.84 30/06/2020 0.455 0.315 0.410 0.400 70343 A50CHIN-H43 0.400 0.010 70 7.073 6.550 1.09 30/09/2020 0.055 0.005 0.005 0.005 5238WA AAX-WA 0.005 Unch 45.5 0.045 0.460 933.33 08/06/2020 0.160 0.005 0.005 0.005 50991A AIRASIAC1A 0.005 Unch 300 0.610 1.720 184.43 27/10/2020 0.045 0.005 0.005 0.005 509998 AIRASIAC98 0.005 Unch 400 0.610 1.680 177.46 30/11/2020 0.010 0.005 0.005 0.005 501415 AIRPORT-C15 0.005 -0.005 150 2.205 7.700 251.02 30/11/2020 0.130 0.005 — — 501417 AIRPORT-C17 0.005 — — 1.434 7.300 411.51 27/10/2020 0.110 0.005 0.015 0.010 7609WA AJIYA-WA 0.015 Unch 62.8 0.260 0.920 259.62 28/08/2021 0.080 0.010 0.015 0.010 5115WA ALAM-WA 0.015 -0.005 4407.3 0.035 0.120 285.71 28/03/2022 0.090 0.005 0.010 0.010 101519 AMBANK-C19 0.010 -0.005 100 2.900 3.850 33.79 30/10/2020 0.010 0.005 — — 9342WC ANZO-WC 0.005 — — 0.015 0.200 1,267 18/06/2020 0.195 0.030 0.050 0.050 0119WA APPASIA-WA 0.050 -0.010 10 0.100 0.130 80.00 23/12/2024 0.025 0.015 — — 7007WB ARK-WB 0.025 — — 0.175 1.000 485.71 30/06/2021 0.630 0.010 0.010 0.010 521051 ARMADA-C51 0.010 -0.005 385.2 0.115 0.235 108.70 30/06/2020 0.130 0.005 0.005 0.005 521057 ARMADA-C57 0.005 Unch 150 0.115 0.480 323.91 28/07/2020 0.070 0.005 — — 521058 ARMADA-C58 0.005 — — 0.115 0.680 497.83 30/07/2020 0.030 0.005 0.005 0.005 0105WB ASIAPLY-WB 0.005 Unch 361 0.030 0.100 250.00 12/12/2022 0.280 0.040 0.065 0.045 7579WA AWC-WA 0.065 -0.005 3.5 0.220 0.880 329.55 25/12/2023 0.140 0.005 — — 688847 AXIATA-C47 0.005 — — 0.382 4.500 1,085 26/06/2020 0.150 0.010 0.010 0.010 688849 AXIATA-C49 0.010 -0.015 100 3.120 4.250 37.82 28/08/2020 0.330 0.050 0.050 0.050 7078WA AZRB-WA 0.050 -0.020 35 0.130 0.630 423.08 13/05/2024 0.460 0.130 0.160 0.155 0098WA BAHVEST-WA 0.155 -0.020 481 0.240 0.430 143.75 20/08/2024 0.155 0.005 0.005 0.005 4162CR BAT-CR 0.005 Unch 200 9.260 22.000 138.93 30/10/2020 0.245 0.030 0.035 0.030 4162CV BAT-CV 0.035 -0.005 275.2 9.260 12.000 35.26 27/10/2020 0.315 0.030 0.045 0.030 4162CX BAT-CX 0.030 -0.020 724.5 9.260 12.000 32.83 30/10/2020 0.395 0.115 0.140 0.120 5258WA BIMB-WA 0.120 -0.025 1362.5 2.820 4.720 71.63 04/12/2023 0.090 0.015 0.020 0.015 0179WA BIOHLDG-WA 0.020 Unch 461.1 0.080 0.220 200.00 05/01/2022 0.050 0.010 0.010 0.010 3395WB BJCORP-WB 0.010 -0.005 50 0.220 1.000 359.09 22/04/2022 0.075 0.015 0.025 0.025 3395WC BJCORP-WC 0.025 Unch 100 0.220 1.000 365.91 29/05/2026 0.020 0.005 — — 7036WC BORNOIL-WC 0.005 — — 0.015 0.070 400.00 08/11/2025 0.025 0.005 0.010 0.005 7036WD BORNOIL-WD 0.010 Unch 74.8 0.015 0.070 433.33 29/05/2027 0.045 0.010 0.010 0.010 5932WA BPURI-WA 0.010 -0.005 21 0.035 0.100 214.29 22/12/2022 0.190 0.015 0.040 0.015 7188WB BTM-WB 0.040 -0.010 109.3 0.060 0.200 300.00 23/10/2024 0.050 0.005 0.005 0.005 181827 BURSA-C27 0.005 -0.005 300 2.295 5.850 155.99 30/10/2020 0.070 0.010 0.015 0.015 0191WA CABNET-WA 0.015 -0.015 12 0.125 0.500 312.00 02/07/2021 0.135 0.030 0.035 0.030 7035WA CCK-WA 0.030 -0.010 332.7 0.315 0.900 195.24 18/06/2023 0.200 0.065 0.090 0.070 7187WA CHGP-WA 0.090 0.025 40 0.255 0.200 13.73 07/07/2023 0.110 0.030 0.045 0.040 102360 CIMB-C60 0.040 -0.010 1410.8 3.290 5.280 65.35 18/12/2020 0.050 0.005 0.010 0.010 102361 CIMB-C61 0.010 -0.005 2056.9 3.290 4.880 50.15 06/11/2020 0.090 0.005 0.010 0.005 285219 CMSB-C19 0.005 -0.005 201.5 0.875 2.300 165.14 06/11/2020 0.700 0.120 0.230 0.210 8125WB DAIBOCI-WB 0.225 -0.025 136.6 1.520 2.500 79.28 19/06/2022 0.440 0.040 0.055 0.045 5276WA DANCO-WA 0.050 -0.005 138.4 0.270 0.300 29.63 22/05/2022 0.190 0.005 0.005 0.005 5141C4 DAYANG-C4 0.005 Unch 250 0.795 2.350 198.74 26/08/2020 0.270 0.005 0.015 0.005 5141C5 DAYANG-C5 0.005 Unch 501.3 0.795 2.200 179.25 07/12/2020 0.505 0.015 0.020 0.015 5141CX DAYANG-CX 0.020 Unch 185 0.795 1.599 108.26 30/10/2020 0.455 0.010 0.010 0.010 5141CY DAYANG-CY 0.010 -0.020 30.1 0.795 1.789 128.61 30/10/2020 0.015 0.005 0.005 0.005 7179WB DBE-WB 0.005 Unch 370 0.020 0.050 175.00 22/01/2022 0.030 0.005 0.005 0.005 0152WB DGB-WB 0.005 Unch 25.5 0.015 0.120 733.33 27/06/2021 0.090 0.005 0.020 0.020 727755 DIALOG-C55 0.020 Unch 100.1 2.860 3.500 25.17 12/10/2020 0.100 0.095 0.100 0.100 727757 DIALOG-C57 0.100 Unch 600 2.860 3.600 38.11 25/11/2020 0.040 0.010 0.010 0.010 0029WB DIGISTA-WB 0.010 Unch 12.1 0.015 0.260 1,700 04/04/2023 0.085 0.005 0.010 0.005 4456WD DNEX-WD 0.010 Unch 710 0.090 0.500 466.67 30/07/2021 0.260 0.025 0.055 0.045 7114WA DNONCE-WA 0.055 Unch 168 0.220 0.250 38.64 25/11/2020 0.060 0.005 — — 5265WA DOLPHIN-WA 0.005 — — 0.035 0.800 2,200 29/03/2021 0.095 0.005 0.005 0.005 16191A DRBHCOMC1A 0.005 Unch 100 1.100 2.300 110.45 30/10/2020 0.090 0.030 0.035 0.035 16191B DRBHCOMC1B 0.035 -0.010 1840 1.100 2.380 124.32 13/11/2020 0.175 0.005 0.005 0.005 161995 DRBHCOMC95 0.005 Unch 200 1.100 2.350 115.00 28/08/2020 0.375 0.010 0.010 0.010 521611 DSONIC-C11 0.010 -0.005 725 0.585 1.000 74.36 30/07/2020 0.425 0.005 0.005 0.005 521613 DSONIC-C13 0.005 -0.005 133.1 0.585 1.150 97.86 26/08/2020 0.270 0.010 0.010 0.010 521615 DSONIC-C15 0.010 Unch 10 0.585 1.000 76.07 09/11/2020 0.070 0.005 0.010 0.005 521619 DSONIC-C19 0.010 -0.005 96 0.585 1.400 144.44 06/11/2020 0.255 0.215 — — 5216HA DSONIC-HA 0.245 — — 0.585 2.000 367.52 14/09/2020 0.935 0.070 0.210 0.180 5216WA DSONIC-WA 0.185 -0.040 22619 0.585 1.090 117.95 05/07/2023 0.850 0.005 0.040 0.025 7165WA DWL-WA 0.040 -0.015 25.1 0.110 0.600 481.82 07/04/2021 0.045 0.010 0.020 0.015 5178WA DYNACIA-WA 0.020 Unch 0.6 0.030 0.120 366.67 26/12/2023 0.010 0.005 — — 0154WD EAH-WD 0.005 — — 0.010 0.050 450.00 25/10/2022 0.320 0.040 0.050 0.045 5253WA ECONBHD-WA 0.045 -0.015 1130.8 0.310 1.250 317.74 02/01/2023 0.030 0.005 0.005 0.005 8206CV ECOWLD-CV 0.005 Unch 0.1 0.305 0.880 191.80 30/04/2020 0.055 0.005 0.005 0.005 8206CZ ECOWLD-CZ 0.005 Unch 20 0.305 0.780 159.02 30/11/2020 0.300 0.060 0.080 0.070 8206WA ECOWLD-WA 0.075 -0.010 190.1 0.305 2.080 606.56 26/03/2022 0.125 0.025 0.035 0.030 7471WB EDEN-WB 0.030 -0.010 3919.4 0.115 0.300 186.96 13/08/2021 0.145 0.005 0.005 0.005 1368CH EDGENTA-CH 0.005 Unch 50 0.990 3.300 234.85 29/05/2020 0.020 0.005 0.005 0.005 0107WB EDUSPEC-WB 0.005 Unch 2372.8 0.015 0.050 266.67 30/09/2024 0.165 0.005 0.010 0.010 8907WC EG-WC 0.010 Unch 10.2 0.225 0.500 126.67 03/11/2020 0.035 0.035 0.035 0.035 887710 EKOVEST-C10 0.035 -0.115 150 0.335 0.780 147.46 09/10/2020 0.215 0.005 0.005 0.005 8877C3 EKOVEST-C3 0.005 -0.005 25 0.335 0.750 125.97 15/05/2020 0.100 0.005 0.005 0.005 8877C6 EKOVEST-C6 0.005 -0.005 19.8 0.335 0.770 134.33 09/11/2020 0.280 0.040 0.045 0.045 7249WB EWEIN-WB 0.045 -0.020 39.7 0.185 0.800 356.76 24/09/2022 0.250 0.045 0.060 0.055 5283WA EWINT-WA 0.060 -0.010 462.8 0.345 1.450 337.68 04/04/2022 0.215 0.005 — — 06507N FBMKLCI-C7N 0.005 — — 69.303 1,640 2,269 31/03/2020 0.065 0.005 0.005 0.005 06507O FBMKLCI-C7O 0.005 Unch 0.5 227.71 1,590 599.79 31/03/2020 0.145 0.005 0.005 0.005 06507P FBMKLCI-C7P 0.005 -0.005 100 425.98 1,588 273.96 30/10/2020 0.030 0.020 — — 06507Y FBMKLCI-C7Y 0.020 — — 169.03 1,650 880.71 30/11/2020 0.060 0.005 0.010 0.005 06509A FBMKLCI-C9A 0.010 Unch 103 241.47 1,600 565.50 28/08/2020 0.080 0.005 0.050 0.010 06509C FBMKLCI-C9C 0.015 -0.010 330.3 280.21 1,600 473.61 28/08/2020 0.085 0.025 0.040 0.030 06509D FBMKLCI-C9D 0.035 -0.015 1860.3 1,259 1,550 24.38 30/10/2020 0.385 0.170 0.260 0.215 06509E FBMKLCI-C9E 0.230 -0.060 447.6 1,259 1,470 22.16 30/09/2020 0.500 0.105 0.465 0.425 06508K FBMKLCI-H8K 0.440 0.035 95.6 1,259 1,689 68.99 30/06/2020 0.500 0.065 0.415 0.335 06508L FBMKLCI-H8L 0.355 0.050 992.9 1,259 1,589 54.30 30/06/2020 0.940 0.140 0.940 0.940 06508O FBMKLCI-H8O 0.940 0.220 10 1,259 1,500 41.44 31/03/2020 0.555 0.035 0.485 0.480 06508Q FBMKLCI-H8Q 0.480 0.050 55 1,259 1,590 52.87 31/03/2020 0.455 0.055 0.330 0.280 06508R FBMKLCI-H8R 0.290 0.025 14538 1,259 1,508 42.71 30/10/2020 0.500 0.075 0.350 0.310 06508S FBMKLCI-H8S 0.325 0.035 3801.9 1,259 1,558 49.46 30/10/2020 0.535 0.030 0.475 0.440 06508T FBMKLCI-H8T 0.440 0.045 40 1,259 1,560 48.27 30/04/2020 0.545 0.050 0.495 0.490 06508U FBMKLCI-H8U 0.490 0.065 26 1,259 1,570 51.84 29/05/2020 0.600 0.070 0.510 0.505 06508V FBMKLCI-H8V 0.505 0.040 16 1,259 1,580 53.47 30/06/2020 1.180 0.200 1.060 0.965 06508W FBMKLCI-H8W 0.965 0.060 8.8 1,259 1,540 45.21 29/05/2020 1.000 0.360 0.855 0.770 06508Z FBMKLCI-H8Z 0.780 0.070 289 1,259 1,550 47.05 30/11/2020 0.565 0.180 0.565 0.565 0650AB FBMKLCI-HAB 0.565 Unch 1 1,259 1,600 58.39 28/08/2020 1.110 0.385 0.955 0.910 0650AC FBMKLCI-HAC 0.910 0.045 7.5 1,259 1,490 39.94 28/08/2020 0.660 0.270 0.565 0.510 0650AD FBMKLCI-HAD 0.535 0.075 264.3 1,259 1,500 39.78 28/08/2020 0.730 0.290 0.640 0.580 0650AE FBMKLCI-HAE 0.605 0.070 102.3 1,259 1,530 44.87 30/10/2020 1.100 0.815 0.945 0.860 0650AF FBMKLCI-HAF 0.910 0.095 516.3 1,259 1,420 34.38 30/09/2020 0.450 0.030 0.040 0.040 522283 FGV-C83 0.040 Unch 0.6 0.760 0.950 32.89 30/07/2020 0.325 0.020 0.030 0.025 522284 FGV-C84 0.025 -0.005 304.1 0.760 0.980 35.53 30/10/2020 0.105 0.005 0.005 0.005 522286 FGV-C86 0.005 Unch 20 0.760 1.650 118.55 19/06/2020 0.195 0.005 0.010 0.005 522288 FGV-C88 0.005 -0.005 284.4 0.760 1.300 72.37 07/12/2020 0.020 0.005 — — 0150WA FINTEC-WA 0.005 — — 0.025 0.300 1,120 19/04/2024 0.030 0.005 0.005 0.005 0150WB FINTEC-WB 0.005 Unch 30 0.025 0.150 520.00 03/12/2022 0.445 0.020 0.065 0.055 0128CA FRONTKN-CA 0.060 -0.020 630.4 1.340 1.380 16.42 30/06/2020 0.340 0.030 0.035 0.035 0128CB FRONTKN-CB 0.035 0.005 20 1.340 1.680 33.21 30/06/2020 0.370 0.010 0.030 0.025 0128CG FRONTKN-CG 0.025 -0.015 40.2 1.340 1.600 25.00 26/06/2020 0.315 0.010 0.015 0.015 0128CH FRONTKN-CH 0.015 -0.005 20 1.340 1.800 37.69 26/06/2020 0.250 0.005 0.025 0.020 0128CK FRONTKN-CK 0.025 -0.005 1271.3 1.340 2.000 55.78 07/12/2020 0.195 0.015 0.020 0.015 0128CL FRONTKN-CL 0.020 -0.005 100 1.340 2.700 105.97 27/10/2020 0.450 0.040 0.055 0.050 9261WB GADANG-WB 0.055 Unch 395.2 0.235 1.060 374.47 29/11/2021 0.195 0.005 0.015 0.005 539878 GAMUDA-C78 0.015 -0.005 302.5 2.550 3.910 55.69 12/10/2020 0.170 0.060 0.085 0.080 539883 GAMUDA-C83 0.085 -0.015 1249.8 2.550 3.380 45.88 18/12/2020 0.490 0.030 0.065 0.045 5398WE GAMUDA-WE 0.045 -0.030 26430.9 2.550 4.050 60.59 06/03/2021 0.520 0.095 0.110 0.095 5226WB GBGAQRS-WB 0.095 -0.025 1235.8 0.600 1.120 102.50 26/09/2023 0.520 0.015 0.025 0.025 5102CG GCB-CG 0.025 -0.005 100 1.660 1.955 21.35 15/05/2020 0.365 0.005 0.010 0.005 5102CL GCB-CL 0.005 -0.010 910.1 0.830 2.480 200.30 12/10/2020 1.600 0.305 0.380 0.330 5102WB GCB-WB 0.355 -0.060 428.2 1.660 1.650 20.78 04/11/2022 0.100 0.005 — — 471560 GENM-C60 0.005 — — 0.543 4.132 664.23 31/03/2020 0.105 0.005 0.005 0.005 471566 GENM-C66 0.005 -0.005 1204.6 1.830 2.974 64.09 28/08/2020 0.125 0.005 0.010 0.010 471568 GENM-C68 0.010 Unch 481.3 1.830 2.945 63.03 30/07/2020 0.045 0.005 0.010 0.010 471571 GENM-C71 0.010 Unch 100 1.830 3.283 81.50 30/11/2020 0.070 0.010 0.010 0.010 471573 GENM-C73 0.010 -0.010 160 1.830 2.781 54.59 30/11/2020 0.120 0.025 0.035 0.030 471574 GENM-C74 0.030 -0.030 2852.3 1.830 2.897 64.62 22/01/2021 0.060 0.035 0.040 0.035 471575 GENM-C75 0.035 -0.025 1500 1.830 2.800 60.39 25/11/2020 0.105 0.005 — — 318280 GENTINGC80 0.005 — — 1.062 6.552 518.79 17/07/2020 0.040 0.005 0.005 0.005 318281 GENTINGC81 0.005 -0.005 799.9 1.595 6.161 288.10 30/11/2020 0.160 0.005 0.010 0.010 318282 GENTINGC82 0.010 Unch 450 3.110 5.379 74.51 30/11/2020 0.220 0.015 0.020 0.020 0039WC GFM-WC 0.020 -0.005 92.5 0.075 0.380 433.33 28/01/2022 0.460 0.070 0.125 0.105 0082WB GPACKET-WB 0.115 -0.015 385.9 0.420 0.400 22.62 24/11/2023 0.070 0.015 0.015 0.015 7096WA GPA-WA 0.015 -0.005 3028.9 0.070 0.100 64.29 03/06/2025 0.235 0.020 0.025 0.025 7022C4 GTRONIC-C4 0.025 -0.020 190 1.460 2.000 42.12 09/11/2020 0.285 0.025 0.080 0.065 7676WB GUNUNG-WB 0.080 Unch 203 0.285 0.400 68.42 02/10/2020 0.225 0.040 0.205 0.190 516828 HARTA-C28 0.200 0.005 335.1 6.680 5.500 0.30 30/04/2020 0.300 0.120 0.275 0.270 516830 HARTA-C30 0.275 0.015 100.8 6.680 5.180 2.25 31/07/2020 0.270 0.115 0.270 0.245 516831 HARTA-C31 0.270 0.010 443.8 6.680 5.280 3.29 28/08/2020 0.200 0.065 0.200 0.200 516832 HARTA-C32 0.200 Unch 4.3 6.680 5.700 1.80 30/04/2020 0.320 0.180 0.310 0.310 516833 HARTA-C33 0.310 0.005 55 6.680 5.200 5.69 07/12/2020 0.185 0.070 0.170 0.155 516834 HARTA-C34 0.165 0.010 1167.1 6.680 6.000 4.64 30/11/2020 0.140 0.095 0.140 0.130 516835 HARTA-C35 0.135 0.035 2812.8 6.680 6.500 17.51 27/10/2020 0.150 0.070 0.135 0.130 516836 HARTA-C36 0.135 Unch 350 6.680 7.200 23.95 18/12/2020 0.170 0.075 0.160 0.145 516838 HARTA-C38 0.155 0.005 452.2 6.680 6.200 9.06 06/11/2020 0.045 0.003 — — 432412 HENGYUANC12 0.005 — — 1.145 6.000 426.64 07/09/2020 0.085 0.005 0.010 0.010 5072WB HIAPTEK-WB 0.010 Unch 40 0.100 0.500 410.00 23/06/2021 0.070 0.025 — — 5199C5 HIBISCS-C5 0.035 — — 0.285 1.230 362.28 31/03/2020 0.515 0.025 0.035 0.030 5199WC HIBISCS-WC 0.030 -0.010 3063.5 0.285 1.120 303.51 18/03/2021 0.120 0.005 0.005 0.005 5819CP HLBANK-CP 0.005 Unch 119.7 6.580 17.280 163.75 30/09/2020 0.165 0.030 0.045 0.040 0188WA HLT-WA 0.045 -0.010 300.8 0.120 0.200 104.17 27/12/2022 0.315 0.040 0.060 0.055 5160WB HOMERIZ-WB 0.055 -0.010 134.1 0.410 0.540 45.12 03/07/2022 0.350 0.035 0.040 0.040 0185WA HSSEB-WA 0.040 0.005 170 0.295 1.700 489.83 15/03/2023 0.010 0.005 — — 7013WB HUBLINE-WB 0.005 — — 0.040 0.200 412.50 20/12/2020 0.055 0.005 0.025 0.015 9601WD HWGB-WD 0.015 0.005 359.1 0.090 0.320 272.22 15/03/2021 0.070 0.020 0.025 0.025 5255WA ICON-WA 0.025 -0.005 2140 0.040 0.165 375.00 13/02/2028 0.830 0.200 0.210 0.200 9687WB IDEAL-WB 0.200 -0.060 22.5 1.040 1.000 15.38 30/03/2021 0.028 0.005 — — 522514 IHH-C14 0.005 — — 0.800 5.400 578.13 31/03/2020

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

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

0.125 0.005 — — 522516 IHH-C16 0.005 — — 0.790 6.100 674.37 31/03/2020 0.085 0.015 0.020 0.015 522517 IHH-C17 0.020 0.005 350 4.810 5.800 22.66 30/10/2020 0.070 0.070 0.070 0.070 522518 IHH-C18 0.070 -0.080 60 4.810 6.000 32.74 29/03/2021 0.085 0.030 0.030 0.030 333637 IJM-C37 0.030 -0.015 3280 1.440 2.300 65.97 22/01/2021 0.010 0.005 — — 0024WB JAG-WB 0.005 — — 0.030 0.150 416.67 15/11/2020 1.260 0.360 0.445 0.410 4723WB JAKS-WB 0.420 -0.060 1706.9 0.675 0.640 57.04 13/12/2023 0.170 0.015 0.020 0.020 0111WC K1-WC 0.020 -0.010 200 0.105 0.300 204.76 30/12/2021 0.345 0.060 0.085 0.060 7161WB KERJAYA-WB 0.085 -0.030 581.1 0.800 1.600 110.63 28/02/2023 0.010 0.005 — — 0036WB KGROUP-WB 0.005 — — 0.010 0.200 1,950 01/05/2020 0.315 0.005 — — 7164WB KNM-WB 0.005 — — 0.100 1.000 905.00 21/04/2020 0.140 0.025 0.060 0.045 7153C2 KOSSAN-C2 0.045 -0.005 1245.1 4.700 4.600 3.62 13/04/2020 0.200 0.075 0.120 0.105 7153C3 KOSSAN-C3 0.105 -0.005 1257.2 4.700 4.500 8.03 28/07/2020 0.185 0.080 0.105 0.100 7153C4 KOSSAN-C4 0.100 0.005 251 4.700 5.000 17.02 30/11/2020 0.240 0.135 0.165 0.155 7153C5 KOSSAN-C5 0.155 -0.005 472 4.700 4.780 19.84 15/01/2021 0.155 0.020 0.030 0.030 5878CU KPJ-CU 0.030 0.010 90 0.800 0.980 26.25 28/08/2020 0.060 0.005 0.005 0.005 5878CV KPJ-CV 0.005 Unch 100 0.800 0.980 23.75 29/05/2020 0.035 0.005 0.005 0.005 0018WB LAMBO-WB 0.005 Unch 20 0.010 0.160 1,550 29/04/2024 0.235 0.025 0.040 0.035 9385WA LAYHONG-WA 0.040 Unch 407.4 0.225 0.400 95.56 13/10/2021 0.260 0.050 0.060 0.050 8494WB LBICAP-WB 0.060 -0.005 16.3 0.360 0.500 55.56 24/06/2024 0.045 0.005 0.005 0.005 6633CQ LHI-CQ 0.005 Unch 30 0.450 1.150 157.78 19/06/2020 0.100 0.035 0.050 0.050 8303WB LOTUS-WB 0.050 -0.005 200 0.095 0.100 57.89 25/11/2024 0.045 0.015 0.015 0.015 5068WA LUSTER-WA 0.015 -0.005 209.7 0.050 0.100 130.00 03/06/2022 0.045 0.015 0.025 0.020 5068WB LUSTER-WB 0.025 Unch 311.1 0.050 0.100 150.00 26/05/2023 0.040 0.005 — — 0140WA MACPIE-WA 0.005 — — 0.040 0.480 1,112 17/02/2021 0.350 0.035 0.050 0.040 7617WB MAGNA-WB 0.050 0.010 50 0.845 0.900 12.43 04/09/2020 0.135 0.005 0.005 0.005 7087CB MAGNI-CB 0.005 Unch 1860 1.270 2.700 113.78 30/11/2020 0.080 0.005 0.005 0.005 858322 MAHSING-C22 0.005 Unch 20 0.310 0.720 133.87 30/11/2020 0.075 0.010 0.010 0.010 526431 MALAKOFC31 0.010 Unch 10 0.660 0.880 34.85 30/11/2020 0.145 0.005 — — 5236WA MATRIX-WA 0.005 — — 0.465 2.400 417.20 20/07/2020 0.165 0.030 0.030 0.030 601211 MAXIS-C11 0.030 -0.020 32.2 5.150 5.280 6.02 30/04/2020 0.140 0.110 0.140 0.125 601217 MAXIS-C17 0.140 0.015 299.8 5.150 5.700 24.27 29/03/2021 0.150 0.005 — — 115560 MAYBANKC60 0.005 — — 1.179 8.880 655.30 31/03/2020 0.120 0.005 0.010 0.010 115561 MAYBANKC61 0.010 Unch 45 2.837 8.700 207.72 30/07/2020 0.070 0.010 0.020 0.015 115565 MAYBANKC65 0.015 -0.005 60 4.422 8.500 93.24 30/11/2020 0.025 0.004 — — 5983CL MBMR-CL 0.005 — — 0.333 4.380 1,221 27/04/2020 0.012 0.005 — — 5983CN MBMR-CN 0.005 — — 0.710 4.880 590.85 13/04/2020 0.205 0.045 0.045 0.045 5983CO MBMR-CO 0.045 -0.090 120 2.520 4.000 65.87 30/11/2020 0.045 0.005 0.010 0.005 117129 MBSB-C29 0.010 Unch 200.2 0.495 0.730 51.52 20/11/2020 0.105 0.010 — — 5040WA MERIDIAN-WA 0.025 — — 0.050 0.500 950.00 13/08/2021 0.030 0.005 — — 5040WB MERIDIAN-WB 0.005 — — 0.050 0.900 1,710 22/04/2022 0.030 0.005 — — 5040WC MERIDIAN-WC 0.010 — — 0.050 0.800 1,520 24/08/2024 0.310 0.030 0.035 0.030 7234WA MESB-WA 0.030 -0.010 203.1 0.205 0.300 60.98 27/12/2022 0.195 0.010 0.010 0.010 3069CH MFCB-CH 0.010 -0.005 50 3.200 4.800 51.88 07/08/2020 0.200 0.005 0.010 0.005 3069CI MFCB-CI 0.005 -0.015 605.5 1.600 5.200 226.56 30/11/2020 3.350 0.930 1.070 0.960 3069WA MFCB-WA 0.960 -0.300 111.9 3.200 2.220 -0.62 08/04/2020 0.570 0.085 0.130 0.090 3662WC MFLOUR-WC 0.130 0.025 404.6 0.360 0.680 125.00 23/01/2024 0.055 0.005 0.005 0.005 518615 MHB-C15 0.005 Unch 20 0.305 0.780 159.02 15/01/2021 0.385 0.035 0.065 0.040 5286CG MI-CG 0.050 -0.015 3416.1 1.410 2.080 58.16 30/11/2020 0.520 0.070 0.100 0.075 5286CH MI-CH 0.075 -0.035 1201 1.410 2.200 69.33 27/10/2020 0.375 0.040 0.060 0.045 5286CJ MI-CJ 0.045 -0.025 1719.7 1.410 2.000 51.42 22/01/2021 0.155 0.035 0.035 0.035 5286CK MI-CK 0.035 -0.010 120 1.410 2.880 114.18 18/12/2020 0.135 0.025 0.035 0.030 5576WC MINHO-WC 0.035 0.005 1528.4 0.175 0.320 102.86 02/08/2021 0.325 0.055 0.075 0.070 381624 MISC-C24 0.075 0.005 400 7.400 7.250 5.07 29/05/2020 0.033 0.003 — — 9571WD MITRA-WD 0.005 — — 0.150 0.940 530.00 23/08/2020 0.140 0.020 0.025 0.025 9571WE MITRA-WE 0.025 0.005 200 0.150 0.940 543.33 17/04/2023 0.015 0.005 — — 0085WA MLAB-WA 0.005 — — 0.015 0.090 533.33 24/04/2020 0.010 0.005 — — 0085WB MLAB-WB 0.005 — — 0.015 0.150 933.33 10/09/2020 0.180 0.015 0.075 0.075 0034WB MMAG-WB 0.075 0.035 0.6 0.160 0.200 71.88 27/11/2022 0.005 0.001 — — 0103WA MNC-WA 0.005 — — 0.015 0.100 600.00 05/11/2021 0.025 0.005 — — 0070WA MQTECH-WA 0.005 — — 0.010 0.100 950.00 21/11/2021 0.017 0.005 0.005 0.005 165158 MRCB-C58 0.005 Unch 20 0.310 0.700 129.03 07/12/2020 0.370 0.050 0.065 0.060 1651WB MRCB-WB 0.065 -0.010 892.6 0.310 1.250 324.19 29/10/2027 0.045 0.005 0.005 0.005 0092WC MTOUCHE-WC 0.005 Unch 50 0.115 0.200 78.26 02/11/2020 0.040 0.005 0.010 0.005 0043WA MTRONIC-WA 0.010 Unch 3578.8 0.025 0.080 260.00 16/04/2022 0.140 0.005 0.010 0.005 13886 MYEG-C86 0.005 -0.010 545.1 0.800 1.250 57.50 07/08/2020 0.110 0.005 0.015 0.010 13887 MYEG-C87 0.010 Unch 748 0.800 1.200 55.00 12/10/2020 0.175 0.025 0.030 0.025 13892 MYEG-C92 0.030 -0.005 370 0.800 1.200 57.50 30/11/2020 0.075 0.015 0.020 0.015 13894 MYEG-C94 0.015 -0.005 500.2 0.800 1.550 99.38 27/10/2020 0.045 0.015 — — 0041WA MYSCM-WA 0.030 — — 0.050 0.250 460.00 22/09/2024 0.285 0.050 0.065 0.055 0108WB N2N-WB 0.055 -0.010 72.3 0.395 0.830 124.05 08/01/2024 0.005 0.003 — — 0096WA NEXGRAM-WA 0.005 — — 0.010 0.100 950.00 16/05/2022 0.010 0.005 — — 0096WB NEXGRAM-WB 0.005 — — 0.010 0.260 2,550 21/07/2023 0.010 0.005 — — 0096WC NEXGRAM-WC 0.005 — — 0.010 0.100 950.00 15/01/2024 0.195 0.005 0.010 0.010 7241WA NGGB-WA 0.010 Unch 176 0.185 0.600 229.73 18/10/2020 0.930 0.150 0.315 0.270 0083WC NOTION-WC 0.275 -0.060 1728.9 0.485 0.840 129.90 14/03/2023 0.145 0.005 0.015 0.010 0172WA OCK-WA 0.010 -0.005 3899.2 0.375 0.710 92.00 15/12/2020 0.125 0.015 0.020 0.015 7071WD OCR-WD 0.020 Unch 620.2 0.220 0.220 9.09 18/02/2022 0.145 0.010 0.015 0.010 0079WA ORION-WA 0.015 Unch 20.2 0.035 0.170 428.57 26/07/2022 0.265 0.040 0.050 0.045 5260WA OWG-WA 0.045 -0.010 335 0.180 0.800 369.44 29/09/2023 0.305 0.040 0.045 0.045 1724WA PARAMON-WA 0.045 -0.015 16 0.680 1.790 169.85 28/07/2024 0.085 0.025 — — 6912WA PASDEC-WA 0.025 — — 0.175 1.000 485.71 03/07/2023 0.050 0.010 0.020 0.015 7225WB PA-WB 0.020 0.005 531 0.040 0.060 100.00 17/12/2022 0.095 0.005 — — 129536 PBBANK-C36 0.005 — — 4.910 25.000 410.29 31/03/2020 0.175 0.005 0.010 0.010 129540 PBBANK-C40 0.010 Unch 100 8.360 19.300 132.06 28/08/2020 0.190 0.005 0.005 0.005 129541 PBBANK-C41 0.005 -0.005 60.7 4.974 19.800 299.28 28/07/2020 0.085 0.005 0.010 0.005 129543 PBBANK-C43 0.010 0.005 500.1 10.987 21.500 96.78 12/10/2020 0.130 0.035 0.075 0.055 129545 PBBANK-C45 0.075 0.010 1650 13.900 18.280 37.99 09/10/2020 0.180 0.015 0.035 0.025 129546 PBBANK-C46 0.025 -0.015 3470.8 13.900 18.500 35.25 15/01/2021 0.013 0.005 — — 518337 PCHEM-C37 0.005 — — 0.720 7.800 987.85 26/03/2020 0.046 0.003 — — 518340 PCHEM-C40 0.005 — — 1.163 7.300 530.27 31/03/2020 0.155 0.005 0.025 0.005 518348 PCHEM-C48 0.005 -0.020 50.4 0.880 6.480 640.06 15/01/2021 0.145 0.110 0.140 0.120 518350 PCHEM-C50 0.140 -0.005 179.8 4.270 6.400 65.62 13/11/2020 0.015 0.005 — — 6254WB PDZ-WB 0.005 — — 0.015 0.100 600.00 29/01/2023 0.115 0.015 0.030 0.015 9997WB PENSONI-WB 0.030 -0.005 40.1 0.200 0.600 215.00 20/01/2024 0.650 0.030 0.035 0.035 7160CB PENTA-CB 0.035 -0.015 160 2.480 2.920 23.39 29/05/2020 0.145 0.005 0.010 0.005 7160CQ PENTA-CQ 0.005 -0.010 476.3 2.480 5.500 122.98 15/01/2021 0.100 0.005 0.005 0.005 7160CR PENTA-CR 0.005 Unch 230 2.480 5.600 127.12 27/10/2020 0.185 0.020 0.065 0.030 6033CU PETGAS-CU 0.030 -0.035 0.6 15.260 16.000 6.82 30/06/2020 1.700 0.640 0.640 0.640 7172WA PMBTECH-WA 0.640 -0.080 1 2.540 3.010 43.70 12/07/2023 0.038 0.005 — — 886935 PMETAL-C35 0.005 — — 1.000 5.350 437.25 27/04/2020 0.580 0.030 0.070 0.050 7088WB POHUAT-WB 0.050 -0.020 210.4 0.730 1.000 43.84 21/10/2020 0.150 0.005 0.005 0.005 463447 POS-C47 0.005 Unch 100 0.565 1.300 132.74 09/11/2020 0.384 0.030 0.055 0.045 8966WA PRLEXUS-WA 0.050 -0.010 937.6 0.335 1.200 273.13 14/06/2021 0.100 0.015 — — 5070WA PRTASCO-WA 0.025 — — 0.140 0.750 453.57 25/04/2023 0.065 0.005 0.005 0.005 0186WA PTRANS-WA 0.005 Unch 100 0.130 0.235 84.62 19/09/2020 0.350 0.025 — — 0007WA PUC-WA 0.025 — — 0.070 0.500 650.00 25/12/2024 0.890 0.235 0.370 0.350 7237WA PWROOT-WA 0.360 Unch 215.1 1.660 1.540 14.46 24/07/2023 0.155 0.050 0.050 0.050 7084CQ QL-CQ 0.050 -0.005 50 6.960 7.500 13.86 07/08/2020 0.075 0.005 0.010 0.005 5256WA REACH-WA 0.010 Unch 10660.9 0.030 0.750 2,433 12/08/2022 0.800 0.215 0.270 0.240 0200WA REVENUE-WA 0.255 -0.040 4212.3 0.770 0.750 30.52 14/01/2024 0.105 0.020 0.025 0.020 8567WB SALCON-WB 0.020 -0.010 1335.4 0.110 0.300 190.91 19/07/2025 0.155 0.025 0.035 0.025 5218WA SAPNRG-WA 0.030 -0.005 7151.7 0.070 0.490 642.86 23/01/2026 0.120 0.025 0.025 0.025 5157WA SAUDEE-WA 0.025 -0.005 120 0.175 0.500 200.00 31/03/2021 0.170 0.005 — — 7247WA SCGM-WA 0.015 — — 0.830 3.960 378.92 31/07/2020 0.320 0.005 0.005 0.005 4731CG SCIENTX-CG 0.005 -0.015 10 1.585 8.200 419.87 29/05/2020 0.065 0.005 — — 7158WB SCOMI-WB 0.005 — — 0.010 0.210 2,050 18/02/2023 0.550 0.085 0.195 0.195 0001WA SCOMNET-WA 0.195 -0.005 6 0.350 0.650 141.43 19/06/2024 0.140 0.005 0.005 0.005 0028WA SCOPE-WA 0.005 Unch 134 0.070 0.150 121.43 17/07/2020 0.045 0.005 — — 7073WC SEACERA-WC 0.010 — — 0.155 1.000 551.61 21/01/2021 0.290 0.005 0.010 0.005 5279C1 SERBADK-C1 0.005 -0.010 558.1 0.560 2.000 258.93 07/12/2020 0.215 0.005 — — 5279CZ SERBADK-CZ 0.005 — — 0.423 2.286 441.54 30/07/2020 0.605 0.105 0.145 0.120 5279WA SERBADK-WA 0.135 -0.015 8273.9 1.150 2.620 139.57 05/12/2024 0.090 0.015 — — 7246WA SIGN-WA 0.015 — — 0.180 0.970 447.22 21/04/2021 0.085 0.005 0.005 0.005 419740 SIME-C40 0.005 Unch 140 0.320 2.350 639.06 09/11/2020 0.050 0.035 0.035 0.035 419742 SIME-C42 0.035 -0.015 10 1.590 2.000 32.39 18/12/2020 0.210 0.010 0.045 0.010 5285CL SIMEPLT-CL 0.040 Unch 484.7 4.600 4.650 5.43 30/04/2020 0.165 0.010 0.040 0.015 5285CM SIMEPLT-CM 0.035 -0.005 1061.6 4.600 5.150 15.76 09/11/2020 0.070 0.015 0.070 0.040 5285CO SIMEPLT-CO 0.065 -0.005 1372 4.600 5.300 23.70 20/11/2020 0.110 0.010 0.015 0.010 9776WC SMCAP-WC 0.010 -0.015 31.7 0.080 0.200 162.50 29/08/2023 0.100 0.005 0.010 0.010 0203WA SMETRIC-WA 0.010 -0.005 560 0.045 0.160 277.78 21/01/2023 0.175 0.045 — — 5213WB SNTORIA-WB 0.105 — — 0.115 0.600 513.04 09/01/2025 0.145 0.040 0.080 0.065 5242WA SOLID-WA 0.075 -0.005 6752.3 0.265 0.210 7.55 16/12/2020 0.220 0.020 — — 866422 SPSETIA-C22 0.005 — — 0.138 1.350 883.70 28/08/2020 0.185 0.035 0.040 0.035 0080WA STRAITS-WA 0.040 -0.005 472 0.140 0.115 10.71 10/08/2022 0.040 0.005 — — 1201WA SUMATEC-WA 0.005 — — 0.005 0.320 6,400 03/03/2021 0.450 0.195 0.230 0.220 5211WB SUNWAY-WB 0.220 -0.020 347.1 1.410 1.720 37.59 03/10/2024 0.050 0.005 — — 0148WB SUNZEN-WB 0.005 — — 0.030 0.250 750.00 25/02/2021 0.125 0.020 0.030 0.025 710672 SUPERMX-C72 0.025 -0.005 903.9 1.400 1.600 19.64 29/05/2020 0.120 0.010 0.025 0.015 710674 SUPERMX-C74 0.015 -0.010 918 1.400 1.780 29.29 08/05/2020 0.130 0.010 0.020 0.020 710676 SUPERMX-C76 0.020 -0.005 152.5 1.400 1.700 25.43 22/05/2020 0.230 0.040 0.100 0.085 710677 SUPERMX-C77 0.085 -0.025 503.4 1.400 1.500 19.29 30/09/2020 0.190 0.035 0.060 0.045 710678 SUPERMX-C78 0.045 -0.010 3900.6 1.400 1.680 26.43 12/10/2020 0.160 0.030 0.040 0.035 710679 SUPERMX-C79 0.035 -0.015 1334 1.400 1.750 31.25 19/06/2020 0.430 0.005 0.220 0.215 710680 SUPERMX-C80 0.215 -0.045 113.2 1.400 1.250 12.32 30/10/2020 0.170 0.075 0.085 0.075 710681 SUPERMX-C81 0.075 -0.015 370 1.400 1.600 29.29 27/10/2020 0.180 0.075 0.090 0.075 710683 SUPERMX-C83 0.075 -0.020 220 1.400 1.700 29.46 30/10/2020 0.135 0.050 0.060 0.050 710685 SUPERMX-C85 0.055 -0.010 555.4 1.400 1.650 29.64 20/11/2020 0.100 0.040 0.040 0.040 710686 SUPERMX-C86 0.040 -0.005 100 1.400 1.900 44.29 27/10/2020 0.165 0.005 0.080 0.035 710687 SUPERMX-C87 0.035 Unch 401.2 1.400 1.800 34.82 22/01/2021 0.130 0.020 0.045 0.025 7186WB SWSCAP-WB 0.045 -0.005 14 0.335 0.900 182.09 19/07/2023 0.035 0.005 0.010 0.005 1538WB SYMLIFE-WB 0.010 Unch 428.4 0.260 0.790 207.69 11/11/2020 0.200 0.005 — — 6139CJ TAKAFUL-CJ 0.005 — — 1.044 6.200 496.26 31/03/2020 0.150 0.005 0.005 0.005 6139CK TAKAFUL-CK 0.005 Unch 100 2.980 6.000 102.35 30/07/2020 0.080 0.005 0.025 0.010 6139CM TAKAFUL-CM 0.010 -0.005 330 3.150 5.300 70.16 30/11/2020 0.055 0.010 0.010 0.010 7097WA TAWIN-WA 0.010 Unch 20 0.035 0.200 500.00 05/08/2022 0.295 0.080 0.105 0.105 5289WA TECHBND-WA 0.105 -0.005 18.5 0.530 0.760 63.21 24/02/2025 0.070 0.020 0.020 0.020 534769 TENAGA-C69 0.020 Unch 10 11.900 14.500 23.70 19/06/2020 0.140 0.060 0.120 0.120 534772 TENAGA-C72 0.120 -0.005 20 11.900 13.000 20.34 11/09/2020 0.125 0.045 0.075 0.070 534773 TENAGA-C73 0.075 Unch 490 11.900 12.880 14.54 30/11/2020 0.150 0.010 0.015 0.010 7889WB THRIVEN-WB 0.010 -0.005 725.5 0.155 0.480 216.13 05/10/2020 0.025 0.005 0.005 0.005 7079WC TIGER-WC 0.005 Unch 20 0.045 0.320 622.22 11/02/2021 0.485 0.095 0.165 0.155 486343 TM-C43 0.165 0.010 600 3.400 2.800 1.76 31/03/2020 0.520 0.125 0.200 0.190 486344 TM-C44 0.200 0.020 340 3.400 2.680 2.35 30/04/2020 0.230 0.005 0.005 0.005 486348 TM-C48 0.005 Unch 100 1.715 3.750 120.12 30/04/2020 0.135 0.005 — — 486356 TM-C56 0.005 — — 0.310 4.200 1,263 30/06/2020 0.130 0.050 0.055 0.050 486361 TM-C61 0.050 -0.030 202 3.400 3.980 25.88 12/10/2020 0.060 0.050 0.060 0.060 486363 TM-C63 0.060 0.005 220 3.400 4.880 50.59 11/09/2020 0.155 0.010 0.020 0.015 7285WA TOMYPAK-WA 0.020 Unch 250 0.335 0.930 183.58 21/06/2021 0.270 0.040 0.180 0.160 711357 TOPGLOV-C57 0.170 0.015 450.4 6.110 5.180 1.47 30/06/2020

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

TUESDAY MARCH 24, 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 Mar 23, 2020

4,546.00-270.60

(-5.62%)

3480

4405

5330

6255

7180

Shanghai CompositeIndex points

3,087.842

Mar 1, 2010 Mar 23, 2020

1900

2875

3850

4825

5800

2,660.17-85.45

(-3.11%)

Dow JonesIndex points

10,403.79

Mar 1, 2010 Mar 20, 2020

19,173.98-913.21

(-4.55%)

9780

14830

19880

24930

29980

Euro STOXX 50 IndexIndex points

2,772.70

Mar 1, 2010

2,548.50+94.42

(+3.85%)

Mar 20, 2020

1960

2445

2930

3415

3900

0.365 0.050 0.260 0.245 711360 TOPGLOV-C60 0.255 0.010 510 6.110 4.880 0.74 08/05/2020 0.310 0.040 0.210 0.195 711362 TOPGLOV-C62 0.195 0.010 744.9 6.110 5.180 0.74 10/04/2020 0.395 0.045 0.295 0.270 711363 TOPGLOV-C63 0.275 -0.015 1282.1 6.110 4.750 0.25 30/07/2020 0.385 0.085 0.300 0.300 711364 TOPGLOV-C64 0.300 0.055 80 6.110 4.650 3.11 26/08/2020 0.470 0.175 0.390 0.320 711365 TOPGLOV-C65 0.320 -0.040 820.8 6.110 4.500 -0.16 07/12/2020 0.450 0.200 0.360 0.345 711366 TOPGLOV-C66 0.360 0.025 67.6 6.110 4.500 3.11 30/10/2020 0.540 0.285 0.440 0.425 711367 TOPGLOV-C67 0.440 0.020 0.2 6.110 5.000 10.64 16/10/2020 0.155 0.065 0.120 0.105 711368 TOPGLOV-C68 0.110 0.005 2808 6.110 6.200 17.68 27/10/2020 0.165 0.075 0.130 0.110 711369 TOPGLOV-C69 0.125 0.005 353.2 6.110 6.880 28.97 18/12/2020 0.230 0.095 0.170 0.165 711370 TOPGLOV-C70 0.170 0.005 169.8 6.110 5.600 11.13 30/11/2020 0.275 0.135 0.215 0.200 711371 TOPGLOV-C71 0.205 Unch 240.2 6.110 5.880 16.37 15/01/2021 0.190 0.070 0.145 0.130 711372 TOPGLOV-C72 0.135 0.005 1294.7 6.110 5.880 11.70 20/11/2020 0.010 0.005 — — 0118WB TRIVE-WB 0.005 — — 0.010 0.090 850.00 28/08/2020 0.065 0.065 — — 458821 UMW-C21 0.065 — — 1.800 5.500 222.89 30/04/2020 0.120 0.005 — — 458822 UMW-C22 0.005 — — 1.800 4.200 134.72 07/12/2020 0.030 0.005 — — 458823 UMW-C23 0.005 — — 1.800 4.200 134.44 30/10/2020 0.090 0.010 0.010 0.010 0060WB VC-WB 0.010 Unch 50 0.025 0.150 540.00 06/05/2024 0.085 0.040 — — 524328 VELESTO-C28 0.055 — — 0.100 0.380 357.00 30/04/2020 0.075 0.005 — — 524329 VELESTO-C29 0.005 — — 0.100 0.400 307.00 13/04/2020 0.115 0.005 0.005 0.005 524330 VELESTO-C30 0.005 Unch 20 0.100 0.350 255.00 30/10/2020 0.095 0.005 — — 524331 VELESTO-C31 0.005 — — 0.100 0.450 352.50 30/07/2020 0.005 0.004 — — 524332 VELESTO-C32 0.005 — — 0.100 0.380 285.00 27/10/2020 0.170 0.025 0.035 0.030 5243WA VELESTO-WA 0.035 -0.005 2957.5 0.100 0.395 330.00 18/10/2024 0.600 0.040 — — 7240WA VERTICE-WA 0.060 — — 0.140 0.500 300.00 31/03/2024 0.470 0.090 0.115 0.100 0120WB VIS-WB 0.110 -0.020 1290.6 0.215 0.750 300.00 16/11/2022 0.180 0.020 0.020 0.020 0097CP VITROX-CP 0.020 -0.030 40 6.610 8.880 36.76 21/09/2020 0.005 0.005 — — 0069WD VIVOCOM-WD 0.005 — — 0.015 0.070 400.00 08/07/2020 0.010 0.005 — — 0069WE VIVOCOM-WE 0.005 — — 0.015 0.050 266.67 22/08/2023 0.670 0.035 0.110 0.100 7070WC VIZIONE-WC 0.100 0.040 4.1 0.250 0.700 220.00 05/02/2022 0.155 0.030 — — 696320 VS-C20 0.030 — — 0.675 1.280 98.52 30/06/2020 0.115 0.015 — — 696322 VS-C22 0.015 — — 0.675 1.420 114.81 29/05/2020 0.105 0.005 — — 696323 VS-C23 0.005 — — 0.675 1.400 109.41 30/04/2020 0.008 0.005 — — 696324 VS-C24 0.005 — — 0.675 1.450 116.67 22/05/2020 0.080 0.010 — — 696325 VS-C25 0.030 — — 0.675 1.650 155.11 19/06/2020 0.095 0.050 — — 696326 VS-C26 0.055 — — 0.675 1.480 135.56 30/07/2020 0.160 0.005 0.005 0.005 696327 VS-C27 0.005 Unch 3285 0.675 1.300 94.44 07/12/2020 0.020 0.020 — — 696328 VS-C28 0.020 — — 0.675 1.380 112.15 09/10/2020 0.270 0.080 0.095 0.090 3565WF WCEHB-WF 0.095 -0.005 207.5 0.160 0.390 203.13 18/11/2029 0.195 0.005 — — 967918 WCT-C18 0.005 — — 0.315 0.935 200.00 30/04/2020 0.170 0.065 — — 967920 WCT-C20 0.065 — — 0.315 1.060 277.78 29/05/2020 0.025 0.005 — — 967921 WCT-C21 0.005 — — 0.315 1.080 246.03 21/09/2020 0.200 0.005 — — 9679WE WCT-WE 0.005 — — 0.315 2.080 561.90 27/08/2020 0.150 0.020 — — 0197WA WEGMANS-WA 0.060 — — 0.130 0.300 176.92 13/01/2022 0.290 0.050 0.080 0.060 0162WA WIDAD-WA 0.075 -0.010 2013.6 0.280 0.350 51.79 05/08/2023 0.120 0.005 — — 5246C2 WPRTS-C2 0.010 — — 3.190 4.000 26.65 29/05/2020 0.145 0.030 — — 5246C3 WPRTS-C3 0.030 — — 3.190 4.050 31.66 26/06/2020 0.150 0.040 — — 7245WA WZSATU-WA 0.045 — — 0.085 0.380 400.00 28/10/2024 0.025 0.005 0.005 0.005 5156WD XDL-WD 0.005 Unch 70.4 0.100 0.180 85.00 17/01/2022 0.010 0.005 0.005 0.005 0165WB XOX-WB 0.005 Unch 2002.4 0.020 0.060 225.00 03/03/2023 0.140 0.005 — — 7293C2 YINSON-C2 0.005 — — 2.550 6.750 166.08 29/05/2020 0.160 0.005 — — 7293C4 YINSON-C4 0.015 — — 4.580 6.880 53.17 30/04/2020 0.125 0.020 — — 7293C5 YINSON-C5 0.020 — — 4.580 7.880 75.55 08/05/2020 0.070 0.015 — — 7293C6 YINSON-C6 0.005 — — 1.527 7.500 393.45 30/09/2020 0.220 0.010 0.010 0.010 7293C7 YINSON-C7 0.010 Unch 210.1 4.580 6.250 37.77 30/10/2020 0.195 0.015 0.020 0.015 7293C8 YINSON-C8 0.020 -0.005 450 4.580 6.800 51.53 27/10/2020 0.020 0.005 — — 7020WB YKGI-WB 0.005 — — 0.070 0.500 621.43 28/05/2020 0.175 0.005 0.005 0.005 7066WA YONGTAI-WA 0.005 Unch 18 0.045 0.500 1,022 24/06/2020 0.150 0.005 — — 467726 YTL-C26 0.005 — — 0.660 1.180 80.30 31/03/2020 0.045 0.010 — — 467728 YTL-C28 0.015 — — 0.660 1.080 69.32 08/05/2020 0.170 0.010 — — 467729 YTL-C29 0.010 — — 0.660 0.935 43.18 28/08/2020 0.185 0.010 0.015 0.015 467730 YTL-C30 0.015 -0.005 33 0.660 0.855 31.82 30/07/2020 0.085 0.080 — — 467731 YTL-C31 0.080 — — 0.660 1.000 75.76 30/11/2020 0.135 0.025 — — 674210 YTLPOWR-C10 0.025 — — 0.505 0.800 63.37 30/10/2020 0.090 0.005 — — 674211 YTLPOWR-C11 0.015 — — 0.505 0.650 36.14 07/08/2020 0.045 0.020 — — 674212 YTLPOWR-C12 0.020 — — 0.505 1.000 102.77 14/08/2020

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

Index futures

FUTURES FAIR VALUECONTRACT DAYS TO EXPIRY KLIBOR DIVIDEND FAIR VALUE

FUTURES ROLL OVER BID OFFER CLOSE

MAR/APR -4.0 -4.5 -4.5

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

CPO futures

APR/MAY 27APR/JUN 59APR/JUL 72MAY/JUN 32

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

APR-20 2,360 22 390 5,377 61MAY-20 2,313 2 5,708 31,206 33JUN-20 2,283 -5 26,768 64,260 3,319JUL-20 2,274 -7 12,100 38,600 -213AUG-20 2,270 -3 6,928 20,446 -84

Palm oil down as lockdown deepens demand fears

SGS & ITS EXPORT ESTIMATES (TONNES)SHIPMENT DAYS

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

DEC’19 JAN’20 FEB’20

377/367 457/456 323/364 572/552 585/569 529/512 838/820 766/739 744/820 1,067/1,067 1,015/1,012 970/981 1,325/1,349 1,220/1,232 1,076/1,082

MALAYSIAN PALM OIL BOARD

PRODUCTIONEXPORT STOCKS

FKLI

Index points Open Interest

Jan 4, 2010

2000

24000

46000

68000

90000

1100

1320

1540

1760

19801,242.00

(-63.50)

Mar 23, 2020

CPO futures

FBM KLCI futures

Malaysian palm oil futures closed lower yesterday as worries deepened over the damage to demand after many nations enforced lockdowns to contain the spread of the coronavirus pandemic. Th e benchmark palm oil contract, for June delivery, on Bursa Malaysia Derivatives lost 0.22% to RM2,283 per tonne. It fell as much as 3.1% during the session. Th e situation is gloomy on the demand front as big importers like India, Europe and the Middle East have struggled with lockdown measures, said Anilkumar Bagani, research head at Sunvin Group, a Mumbai-based vegetable oil broker. Several states in India, the top global palm oil buyer, have extended lockdowns till March 31. Major nations have imposed such moves that have raised concerns of a global slowdown and dimmed the outlook for commodities. “There is no fresh demand, palm oil demand has evaporated,” Bagani said. Malaysia’s March 1 to March 20 exports fell between 20% and 21% from the month before, cargo surveyors said last Friday. China Dalian Commodity Exchange’s most-active soyoil contract gained 0.63%, while its palm oil contract was down 2.35%. Soyoil prices on the US Chicago Board of Trade were trading up 0.2%. Palm oil is aff ected by price movements in related oils as they compete for a share in the global vegetable oils market. — Reuters

NOV’19 DEC’19 JAN’20 FEB’20

1,845 1,808 1,166 1,290 1,375 1,383 1,214 1,080 3,007 3,215 1,755 1,680

MPOB FFB REF PRICE (MILL GATE PRICE)

NORTH 20.00% 470 19.00% 448 18.00% 425SOUTH 20.00% 475 19.00% 452 18.00% 430CENTRAL 20.00% 474 19.00% 452 18.00% 429EAST COAST 20.00% 472 19.00% 450 18.00% 427SABAH 22.00% 460 21.00% 439 20.00% 419SARAWAK 22.00% 464 21.00% 443 20.00% 422

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

(IN RM/TON) MAR’20 APR’20 MAY’20

CPO DELD 2,258.00 NO TRADE NO TRADEPK EX-MILL 1,410.00 NO TRADE NO TRADECPKO DELD NO TRADE NO TRADE 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

meant to slow the spread of the Covid-19 pandemic, fuelled fears of a likely recession. — Agencies

CPO & Open Interest

CPO RM/tonne Open Interest

Jan 6, 2008 Mar 23, 2020

10000

57500

105000

152500

200000

1200

1950

2700

3450

4200

2,283(-5)

CPO vs Soyoil

CPO RM/tonne Soyoil US$/Ibs

Jan 6, 2008 Mar 23, 2020

0.2623(RM2,568/tonne)

2,283(-5) 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 had closed lower yesterday, tracking the bearish sentiment of the Bursa Malaysia. At the close of trade, spot month March 2020 decreased 63.5 points to 1,242; April 2020 dipped 65.5 points to 1,238.5; June 2020 reduced 62 points to 1,230.5; while September 2020 was 61 points weaker at 1,227. Turnover declined to 22,167 lots from 25,943 lots last Friday, while open interest contracted to 48,060 contracts from 53,572 contracts previously. Th e KLCI was 43.4 points lower at 1,259.88 at the close. Southeast Asian stock markets witnessed heavy selling yesterday as the economic impact from lockdowns and travel curbs,

KLCI futures falls as tracking bearish sentiment

Long Rolls - KLCI futures

Index points

Jan 4, 2010

-4.50(-3.00)

Mar 23, 2020

-35.00

-21.75

-8.50

4.75

18.00

FBMKLCI 1,259.88 -43.40 396.2M MAR 20 1,242.00 -63.50 20,022 43,902 681APR 20 1,238.50 -65.50 1,813 3,122 239JUN 20 1,230.50 -62.00 209 679 48SEP 20 1,227.00 -61.00 123 357 16TOTAL 22,167 48,060 984

MAR 20 9 0.77 9.03 -8.26APR 20 39 3.65 10.10 -6.45ROLL’S FAIR 1.81

World index

Rubber - M’sia SMR 20

Sen/Kg

Jan 7, 2007 Mar 23, 2020

200

625

1050

1475

1900

490.00(-25.00)

Centrifuged Latex

Sen/Kg

Jan 7, 2007

421.50(-3.00)

Mar 23, 2020

300

500

700

900

1100

Crude Oil

US$/bbl

Apr 10, 2007 Mar 23, 2020

22.24(-0.39)

10.00

46.25

82.50

118.75

155.00

Gold

US$/troy oz

Aug 31, 2008 Mar 23, 2020

700

1020

1340

1660

1980

1,496.50(+11.90)

Commodities

TUESDAY MARCH 24, 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 [tai@bizedge.com]

CONTRACT SETTLEMENT CHANGE HIGH LOW

KLCI CHANGE CLOSE VOLUME POINTS (RM) (RM) ('000)DIGI.COM -0.81 -0.070 4.100 4136.3TENAGA NASIONAL -1.02 -0.120 11.900 4721.1HAP SENG CONSOLIDATED -1.11 -0.300 7.200 1168.7PETRONAS DAGANG -1.13 -0.760 19.240 666.8PRESS METAL -1.21 -0.200 3.050 3109.1SIME DARBY -1.22 -0.120 1.590 12700.4PETRONAS GAS -1.24 -0.420 15.260 1465.3GENTING MALAYSIA -1.24 -0.140 1.830 50211.4DIALOG GROUP -1.43 -0.170 2.860 11971.7GENTING -1.45 -0.250 3.110 10986.0RHB BANK -1.50 -0.250 4.720 5164.5PETRONAS CHEMICAL -1.91 -0.160 4.270 6642.6SIME DARBY PLANTATION -2.57 -0.250 4.600 8224.7IHH HEALTHCARE -4.72 -0.360 4.810 6279.1CIMB GROUP -5.18 -0.350 3.290 30109.8MAYBANK -6.54 -0.390 7.120 18595.5SUB-TOTAL -34.28 OTHERS -9.12 GRAND TOTAL -43.40

1,268.00 1,222.50 1,264.50 1,221.50 1,254.00 1,215.00

Market movers

DOW JONES 19,173.98 -913.21S&P 500 2,304.92 -104.47NASDAQ 100 6,994.29 -294.23FTSE 100 5,190.78 39.17AUSTRALIA 4,546.00 -270.60CHINA 2,660.17 -85.45HONG KONG 21,696.13 -1,108.94INDIA 25,981.24 -3,934.72

INDONESIA 3,989.52 -205.43JAPAN 16,887.78 334.95KOREA 1,482.46 -83.69PHILIPPINES 4,743.37 -35.39SINGAPORE 2,233.48 -177.26TAIWAN 8,890.03 -344.06THAILAND 1,024.46 -102.78VIETNAM 666.59 -43.14

CLOSE CHANGE CLOSE CHANGE

World equity indices

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

Daily top 20 active stocks

S&P500-HJ 3.780 0.910S&P500-HL 2.880 0.670HSI-H8T 2.810 0.550DIN045801028 104.000 0.500S&P500-HK 2.180 0.500HSI-HAF 1.910 0.460HSI-HAJ 2.200 0.440HSI-HAS 1.790 0.430HSI-H8Z 1.510 0.420HSI-H8W 1.850 0.400HSI-H8M 1.230 0.390HSI-HAA 2.300 0.360

F&N 28.000 -2.000CARLSBG 19.720 -1.280PANAMY 23.480 -1.060NESTLE 134.100 -0.900PETDAG 19.240 -0.760WPRTS 3.190 -0.730AEONCR 7.860 -0.720DLADY 37.300 -0.700GENP 8.800 -0.660LPI 10.180 -0.640SAM 4.660 -0.530KLK 18.140 -0.500

Top gainers and losers (ranked by RM)

 PBBANK-C43 0.010 100.00MMAG-PA 0.095 90.00MMAG-WB 0.075 87.50HSI-H8Y 0.455 71.70SAUDEE 0.175 66.67VIZIONE-WC 0.100 66.67CENSOF 0.090 50.00HSI-H8V 0.900 50.00HSI-HAB 0.495 50.00HWGB-WD 0.015 50.00KPJ-CU 0.030 50.00TAWIN-PA 0.015 50.00

PCHEM-C48 0.005 -80.00EKOVEST-C10 0.035 -76.67MFCB-CI 0.005 -75.00SCIENTX-CG 0.005 -75.00DAYANG-CY 0.010 -66.67GCB-CL 0.005 -66.67HSI-C7R 0.005 -66.67MBMR-CO 0.045 -66.67MYEG-C86 0.005 -66.67PENTA-CQ 0.005 -66.67SERBADK-C1 0.005 -66.67AXIATA-C49 0.010 -60.00

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

PBBANK-C43 0.010 100.00MMAG-PA 0.095 90.00MMAG-WB 0.075 87.50HSI-H8Y 0.455 71.70VIZIONE-WC 0.100 66.67HSI-H8V 0.900 50.00HSI-HAB 0.495 50.00HWGB-WD 0.015 50.00KPJ-CU 0.030 50.00TAWIN-PA 0.015 50.00HSI-H8M 1.230 46.43HSI-H8U 0.355 44.90

PCHEM-C48 0.005 -80.00EKOVEST-C10 0.035 -76.67MFCB-CI 0.005 -75.00SCIENTX-CG 0.005 -75.00DAYANG-CY 0.010 -66.67GCB-CL 0.005 -66.67HSI-C7R 0.005 -66.67MBMR-CO 0.045 -66.67MYEG-C86 0.005 -66.67PENTA-CQ 0.005 -66.67SERBADK-C1 0.005 -66.67AXIATA-C49 0.010 -60.00

UP CHANGE CLOSE (%)

DOWN CHANGE CLOSE (%)

Top gainers and losers - warrants (ranked by percentage)

LAMBO 70,276 -33.33 -0.005 0.010 0.015 0.005HSI-C9J 37,423 -34.15 -0.070 0.135 0.155 0.125MTRONIC 29,681 0.00 0.000 0.025 0.025 0.020GAMUDA-WE 26,431 -40.00 -0.030 0.045 0.065 0.045SP500-CK 26,409 -53.97 -0.170 0.145 0.180 0.130PMHLDG 23,792 20.00 0.015 0.090 0.090 0.045DSONIC-WA 22,620 -17.78 -0.040 0.185 0.210 0.180HSI-H8M 21,473 46.43 0.390 1.230 1.250 1.000E&O 20,833 1.52 0.005 0.335 0.340 0.310KOMARK 14,993 -2.78 -0.005 0.175 0.175 0.170FBMKLCI-H8R 14,539 9.43 0.025 0.290 0.330 0.280BPLANT 14,351 -12.77 -0.030 0.205 0.215 0.200CENSOF 14,199 50.00 0.030 0.090 0.095 0.040SEACERA 13,685 6.90 0.010 0.155 0.155 0.145HSI-C9T 13,590 -28.33 -0.170 0.430 0.490 0.400HSI-C9S 13,590 -33.85 -0.110 0.215 0.240 0.200

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

Moving average - 20-dayKL Composite Index

Volume (’mil)

Jan 2, 2008 Mar 23, 2020

1,259.88(-43.40)

1,400.79

820.0

1122.5

1425.0

1727.5

2030.0

0

300

600

900

1226

1231

1236

1241

1246

1251

1256

1261

1266

1271

1276

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

Index point

KL Composite Index

KLCI futures

1,242.00(-63.50)

1,259.88(-43.40)

Published by The Edge Communications Sdn Bhd (266980-X) Level 3, Menara KLK, No 1, Jalan PJU 7/6, Mutiara Damansara, 47810 Petaling Jaya, Selangor, Malaysia.Printed by Ultimate Print Sdn Bhd (62208-H) Lot 2, Jalan Sepana 15/3, Off Persiaran Selangor, Seksyen 15, 40200 Shah Alam, Selangor, Malaysia.

MAR 20 1,242.00 -63.50APR 20 1,238.50 -65.50JUN 20 1,230.50 -62.00

It takes twenty years to make an overnight success.— Eddie Cantor

AIRASIA 72,915.6 -0.070 -10.29 0.610 — 35.29LAMBO 70,275.7 -0.005 -33.33 0.010 3.13 0.00EKOVEST 67,470.7 -0.045 -11.84 0.335 6.48 2.63SAPNRG 54,952.0 -0.005 -6.67 0.070 — 2.44HIBISCS 53,045.3 -0.035 -10.94 0.285 3.45 0.00JAKS 52,808.8 -0.075 -10.00 0.675 4.08 0.00GENM 50,211.4 -0.140 -7.11 1.830 7.98 5.58VELESTO 49,944.9 -0.015 -13.04 0.100 28.05 0.00MYEG 48,108.2 -0.035 -4.19 0.800 11.76 2.28ARMADA 47,804.0 -0.020 -14.81 0.115 13.50 1.07SANICHI 41,522.1 UNCH UNCH 0.045 — 0.00HSI-C9J 37,422.8 -0.015 -10.00 0.135 — 0.00DSONIC 34,903.2 -0.080 -12.03 0.585 15.05 4.51UWC 34,173.3 -0.140 -10.00 1.260 22.29 1.43HUBLINE 32,163.0 UNCH UNCH 0.040 22.22 0.00DAYANG 32,038.8 -0.120 -13.11 0.795 3.88 0.00XDL 31,339.9 -0.010 -9.09 0.100 11.70 0.00FPGROUP 30,359.7 -0.075 -14.71 0.435 17.35 2.35CIMB 30,109.8 -0.350 -9.62 3.290 7.75 7.14MTRONIC 29,681.3 UNCH UNCH 0.025 — 0.00

KUALA LUMPUR: The FBM KLCI closed 3.33% lower yesterday as it tracked losses in Wall Street along with other regional indices, as the Covid-19 pandemic crisis deepens in Malaysia and globally. At 5pm, the benchmark index further extended earlier losses to close down 43.4 points to 1,259.88 points, as most component stocks went into the red. The decline came despite news that Putrajaya will announce a more comprehensive economic stimulus package to address the Covid-19 outbreak impact on March 30 next week. “Asian market follows the trend in the US, where there is a hiccup in the Congress’ rescue talks, raising concerns towards recession risk in the world’s biggest economy,” Danny Wong Teck Meng told theedgemarkets.com, when contacted. “Th e market remains volatile, we must follow the trend of new cases globally to determine when the crisis bottoms,” Wong added. The New York Times reported that futures markets signalled that Wall Street would open sharply lower. Investors were reacting in part to a political stalemate in the US Senate Democrats on Sunday blocked an emerging deal to prop up the American economy, halting the progress of a nearly US$2 trillion government rescue package, it reported. — by Adam Aziz

KLCI falls as deepening pandemic crisis sparks US recession fears

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 1,259.88 43.40 FBM ACE 3,351.94 167.18 FTSTI 2,233.48 177.26 NIKKEI 16,887.78 334.95 HANG SENG 21,696.13 1,108.94 DOW JONES 19,173.98 913.21