FLOWS;
BUYS: PetGas,
CIMB, UEMLand
SELLS: UMW, TNB,
Axiata
Technical Stock Alert;
1) SURIA (RM1.60) -
its price has fallen from a year high of RM1.92 to its immediate support levels of RM1.58 and is currently
showing signs of reversing this trend , as its RSI has consolidated for a month
at 40 with MACD flat. Currently operating 8 ports in Sabah, its earnings this
year should start to show contribution from its RM1bn EPCC contract for a 300MW
power plant in Kimanis, Sabah. Trading at 8x PE. BUY
2)Daya (RM0.20) - vol in stk is starting to pick up with
px following suit. Co provides o&g products and services, specialty
chemicals, advanced polymers and tech services. Co plans to increase
participation in new avenue within o&g sector esp in provision of of
heating, ventilation and aircond (HVAC) biz with recent signing of a MoU with
France based Axima Seith to participate in marine and o&g projects in Msia
cumulating in signing a MoU with MinDef for supply of 6 PVs with RM9bn
contract. Technically px just cut above 50day SMA and looks poised for a
breakout should there be follow through announcements in o&g related
news.Trades PER 14x-trading buy (LJN)
