Flows;
BUYS: Dialog, Maybank, AmmB
SELLS: KEuro, UEMLand, Gamuda
Technical Stk Alert:
EVERGREEN - Share price retraced 12% from recent high of RM1.12. Expect strong support around the RM1.00 levels. Accumulate as stock is trading around 0.65xBV against historical average of 1xBV. Buy with immediate target of RM1.20
POS - after touching a new recent high of RM3.05, stk has fallen back to RM2.74 lvls and is undergoing consolidation phase. Rerating catalyst should its 16 plots of lands regulated by Federal Lands Commissioner(FLC) be liberalised for commercial use specifically the 3.1ac behind Pudu jail for redevelopment. BUY
Stk of the Day
MAS (RM1.49)
- stk has retraced some 15% from its recent peak of RM1.74, to touch RM1.48 ie at 200day SMA support lvl and also at the neckline of the head and shoulder formation. Stk has not moved up much in recent mkt rally as it is mere 20% higher from its all time low of RM1.23.
- co due to announce FYE11 rslts on the 24th Feb with annualised consensus loss of RM1.21bn, eps (0.36) dragged down by weaker yield environment and higher fuel price.
- Co has unveiled its Business Recovery Plan to position MAS as the Preferred Premium Carrier, by focusing on 5 steps:
1. Cut network capacities and focus on profitable routes;
2. Improve customer experience to win back market share;
3. Manage unit costs down to improve margin;
4. Focus on core airline business, while ancillary activities likely to be "spin off"; and
5. Ensure the delivery of new aircrafts (23 units in 2012).
- awaiting new structural changes with regards to cutting operatingcosts frm synergies and delivery of new aircrafts and leveraging on OneWorld Alliance network to improve on connectivity. Accumulate
