FBM KLCI 1822.29 2.10 KLCI FUTURES 1821.00 3.00 STI 3315.60 18.96 RM/USD 3.3650 CPO RM2223.00 22.00 OIL US$77.73 0.37 GOLD US$1195.70 1.80 PP 9974/08/2013 (032820) PENINSULAR MALAYSIA RM1.50 FRIDAY NOVEMBER 21, 2014 ISSUE 1844/2014 FINANCIAL MAKE BETTER DAILY DECISIONS S-CROSS — Stylish, practical and effi cient www.theedgemarkets.com 4 6 HOME BUSINESS Mah Sing makes RM630m cash call to trim gearing ratio 8 HOME BUSINESS 1MDB to be profi table in FY15, says Ahmad Maslan 10 HOME BUSINESS Malton lines up property launches worth up to RM1.2b 18 HOME Azmin vows stern action against breach in payouts 25 WORLDWORLLD BUSINESSBUSINESS Ma warns Alibaba faces its ‘most dangerous moment’ This digital copy is brought to you by FBM KLCI 1822.29 2.10 KLCI FUTURES 1821.00 3.00 STI 3315.60 18.96 RM/USD 3.3650 CPO RM2223.00 22.00 OIL US$77.73 0.37 GOLD US$1195.70 1.80 PP 9974/08/2013 (032820) PENINSULAR MALAYSIA RM1.50 FRIDAY NOVEMBER 21, 2014 ISSUE 1844/2014 FINANCIAL MAKE BETTER DAILY DECISIONS S-CROSS — Stylish, practical and effi cient www.theedgemarkets.com 4 6 HOME BUSINESS Mah Sing makes RM630m cash call to trim gearing ratio 8 HOME BUSINESS 1MDB to be profi table in FY15, says Ahmad Maslan 10 HOME BUSINESS Malton lines up property launches worth up to RM1.2b 18 HOME Azmin vows stern action against breach in payouts 25 WORLD BUSINESS Ma warns Alibaba faces its ‘most dangerous moment’ 4 FRIDAY NOVEMBER 21, 2014 • THEEDGE FINANCIAL DAILY For breaking news updates go to www.theedgemarkets.com ON EDGE TV IN BRIEF www.theedgemarkets.com Alibaba order books of US More than a fad dollar bond at US$40b LONDON: Order books on Chi- nese e-commerce giant Alibaba’s seven-tranche US dollar bond China’s tech giants are racing to build a great wall of content are at US$40 billion (RM134.8 billion), according to a mar- Ronser comes ket source. Alibaba is looking out with BY ROBYN MAK with another popular video site, almost 90% of its revenue. As us- to sell up to seven tranches in- Youku Tudou. Alibaba is similarly ers move from desktops to smaller cluding three-, fi ve-, seven-, 10- innovative HONG KONG: China’s tech giants stretching its business model. Th e screens, it gets harder to make ad- and 20-year fi xed rate tranches, palm oil waste are racing to build a great wall of company and its chief executive vertisers pay. TV makers like Xiaomi and three- and fi ve-year fl oating treatment content. Smartphone maker Xiaomi have splashed out some US$3 billion are facing competition from compa- rate notes. On Wednesday, initial method Inc and e-commerce group Alibaba this year in entertainment alone. nies like Alibaba and search engine price thoughts were set at 80 ba- Group Holding Ltd have channelled Watching online shows on a televi- operator Baidu fl ooding the market sis point area over Treasuries for billions of dollars into programming sion is a new idea for China’s 618 mil- with smart TV sets boasting exclusive the three-year fi xed, 110bp area for Internet TV. lion Internet users, many of whom use content. For all of them, charging for for the fi ve-year, 135bp area for It could be more than a fad. If smartphones. Sales of Internet-con- content is a way of locking in more the seven-year, 150bp area for viewers pay up, content can bring nected TVs and set-top boxes were predictable revenue streams — which the 10-year and 175bp area for in revenue streams more stable and just 24 million in 2013, according to investors should in theory support. the 20-year. Th e price talk on the lucrative than ad dollars and one- iResearch. In contrast, Youku Tudou Th e question is whether viewers two fl oating rate note tranches off hardware sales. For investors, has over 500 million people streaming will pay. Achieving a victory over con- are the 3-month Libor equivalent that’s something worth tuning in to. shows for free at least once a month. sumers’ wallets like that of US-based of the fi xed rate notes. — AFP Xiaomi’s US$300 million (RM1 While Goldman Sachs reckons the Netfl ix Inc is easier said than done. New SUV to billion) investment in online video audience for Internet TV could hit 77 Enticing viewers with content could Volvo Cars plots contribute up to site iQiyi, announced on Nov 18, is million by 2015, it has so far been hard backfi re and rile the country’s unpre- US resurgence 10% of Suzuki’s the latest instalment of a US$1 bil- to pin down a decent business model. dictable censors. Th e race for who STOCKHOLM: Chinese-owned lion planned investment in Internet Yet there could be more to this gets a slice of the lucrative Internet TV Volvo Car Group said on total sales TV content. Just a week earlier, the content craze. Th e loss-making You- market is getting dramatic, but there Wednesday that a sweeping company sealed a separate alliance ku Tudou relies on advertising for is still time for spoilers. — Reuters overhaul of its model range over the next fi ve years would propel its long-suff ering sales volumes in the United States back above 100,000 cars per year. Strong growth in China The Edge Communications Sdn Bhd Outward Bound turns 60 (266980-X) and more modest gains in Eu- Level 3, Menara KLK, No 1 Jalan PJU 7/6, rope have helped Volvo grow Mutiara Damansara, 47810 Petaling Jaya, KUALA LUMPUR: Th e Outward sales for 16 straight months. Selangor, Malaysia Bound School (OBS) celebrated Sultan Nazrin Shah However, turnover in the US, (centre) presenting Publisher and Group CEO Ho Kay Tat its 60th anniversary last Satur- once its biggest market but now day, with the Sultan of Perak, Sul- Tuanku Zara the eclipsed by China, has been Editorial tan Nazrin Muizzuddin Shah and Outward Bound School eroding over the past decade. For News Tips/Press Releases Raja Permaisuri Perak, Tuanku roll of honour for her — Reuters Tel: 03-7721 8219 Fax: 03-7721 8038 achievements at OBS in Email: [email protected] Zara Salim. Th e Sultan served as Outward 1987, with the Outward Mexico’s president Senior Managing Editor Azam Aris Bound Trust Malaysia president Bound Trust Malaysia reveals US$3m in assets Executive Editors Kathy Fong, from 1989 to 2002 and Tuanku president, Maybank MEXICO CITY: Facing confl ict of Jenny Ng, Siow Chen Ming, Islamic chairman Datuk Surinder Jessy, Ooi Inn Leong Zara has been an OBS alumni interest accusations over a luxury Associate Editors R B Bhattacharjee, since 1987. Seri Ismail Shahudin home, Mexican President Enri- Joyce Goh, Jose Barrock, OBS is a non-profi t education- at the Diamond Jubilee que Pena Nieto disclosed late on Vasantha Ganesan al organisation and expedition celebration dinner at Wednesday ownership of nine Editor, Features Llew-Ann Phang the Istana Hotel, Kuala Deputy Editors Cindy Yeap, school that serves people of all properties among assets worth Kang Siew Li ages and backgrounds through Lumpur last Saturday. at least 45.2 million pesos (US$3 Assistant Editors Adeline Paul Raj, active learning expeditions that million or RM10.11 million). Th e Tan Choe Choe inspire character development, assets included investments, jew- Chief Copy Editor Halim Yaacob Senior Copy Editors Marica Van self-discovery and service both in proximately 100,000 participants the oldest centre outside Europe, is elery and works of art, a docu- Wynen, Lam Seng Fatt, and out of the classroom. have taken OBS courses of various located in Lumut. Activities include ment posted on the president’s Melanie Proctor Since its inception in 1955, ap- kinds. Outward Bound® Malaysia, sailing, kayaking and jungle trekking. website showed. — Reuters Copy Editors Evelyn Chan, Veronica Poopathy Art Director Sharon Khoh Design Team Cheryl Loh, Valerie Chin, Aaron Boudville, Aminullah Abdul Karim, New Suzuki S-CROSS is stylish, practical and effi cient, says MD Yong Yik Sheng Asst Manager-Editorial Services Madeline Tan KUALA LUMPUR: Suzuki Malaysia Automobile Sdn Bhd welcomed (From left) Suzuki and Suzuki Corporate the new Suzuki S-CROSS into its Malaysia Automobile Sdn Bhd Managing Director Au Foong Yee deputy managing director Gen Ishii Deputy Managing Director model line-up yesterday. Lim Shiew Yuin “With its rich features and tech- at the launch of the Suzuki S-CROSS nology for its price, the S-CROSS in Kuala Lumpur yesterday. Advertising & Marketing paves the way forward for Suzuki To advertise contact GL: (03) 7721 8000 and strengthens an already re- Fax: (03) 7721 8288 nowned line-up of durable SUVs line, doing 0-100kph in a respecta- Chief Marketing Offi cer and practical crossovers, said Suzuki ble 11 seconds. Th e S-CROSS tips Sharon Teh (012) 313 9056 Malaysia Automobile Sdn Bhd man- the scale with a kerb weight of less Senior Sales Managers Geetha Perumal (016) 250 8640 aging director (MD) Keiichi Suzuki. than 1,185kg. Fong Lai Kuan (012) 386 2831 According to Suzuki, the new Th e Suzuki S-CROSS comes with Shereen Wong (016) 233 7388 Suzuki S-CROSS’ physical struc- integrated roof-rails, aerodynamic Acting Senior Sales Manager ture is the result of intense aero- wing mirrors, striking 17-inch alloy Gregory Thu (012) 376 0614 Ad-Traffi c Manager dynamics-focused computer-aid- wheels, rain-sensing wipers and Vigneswary Krishnan (03) 7721 8005 ed engineering while the chassis bright, automatic HID headlamps Ad Traffi c Asst Manager itself is made of high-rigidity and and “we are dedicated to ensuring mission which propels the front with daytime-running LEDs and Roger Lee (03) 7721 8004 lightweight materials.