MORNING CALL 2 May
2012
FLOWS;
BUYS: Benalec, Genting, PChem
SELLS: KNM, Maybank, WCT
Technical Stock Alert;
1) PUNCAK (1.29) - RSI has turned up Tuesday with MACD
now flat. Immediate up side of RM1.44 and RM1.54 on the back of
transforming itself into a serious O&G player after the acquisition of
Global Offshore and KGL Ltd. It is also apparently bidding for Petronas
marginal oilfields with a foreign JV partner. Trading Buy.
2) UNISEM (RM1.43) - technically set to test the RM1.50
levels before reattempting to breach this year high of RM1.66. Recent upgrades
in sector and anticipation of better outlook in 2H on higher semiconductor
demand coupled with anticipated better 2Q rslts due to be announced by 1st wk
of May-Trading Buy
