MORNING CALL 18 JUNE
2012
FLOWS;
BUYS: Digi, CIMB, Airasia
SELLS: Sime, MPHB, YTL
Technical Stock Alert;
1) UEMLAND (RM1.95) -
Established a double bottom recently at RM1.91 and looks to be on
technical rebound with its RSI consistantly creeping higher since early May. A
break above the RM2.05 neck line could see an short term achievable target of
RM2.20. The company has also recently began work on its latest project, Gerbang
Nusajaya in Johor with a GDV of RM18bn over 25 years. The company targets sales
launch of RM4.3bn this year and hopes to secure a sales target of RM3bn by year
end. Trading BUY.
(LJL/AL/DN)
2) LATEXX (RM1.48) - Tracking both sector leaders Top
Glove and Supermaxx higher after strong qtr showing from TG. The rerating in
the sector could push its price all the way back to the RM1.80 levels if RM1.60 short term resistance is broken. The better
outlook now could see the re emergence of Navis to take a second look at
privatizing the company.Trading BUY
