FLOWS;
BUYS: CIMB,
Kencana, MRCB
SELLS: MAS,
PBBank, Axiata
Technical Stock Alert;
1) MISC (RM5.03) -
its price is threatening to break below its year low of RM5.01 after twice failing to trade above the
RM5.48 levels recently thus forming a ST double top. A dip below the RM5.00
would thus likely see the price be sold down to an immediate downside target of
RM4.80, possibly triggered by a weaker set of quarterly number to be released
in May caused by it announcement to effectively cease operations of its
container liner by June which led to most of their clients withdrawing from
utilizing their services since late last year.
STOCK HIGHLIGHT - VITROX (RM0.705)
A
leading machine vision solution provider plus automated board inspection provider for detection of manufacturing
defects in the manufacturing process of IC packages and printed circuit boards
respectively.
The
company spends a significant potion on capex, innovating new ideas and have been granted MSC status which allows
it to be tax exempt till 2015.a
The PC
market has been less affected than expected from the shortage of HDD with recent IT companies guiding for a
decent Q2 numbers on indicative bounce in PC builds as HDD becomes available.
Trading
at its 52wk low of around RM0.70 with a current year (f) PE of 7.8x we rate this stock a trading BUY.
