MORNING CALL 2 JULY
2012
FLOWS;
BUYS: Genting, TM, MAS
SELLS: TNB, Sime, MISC
Technical Stock Alert;
INTEGRAX (RM1.46) - Price has rebounded off its lows of
RM1.23 with all technical indicators showing a revival in interest. This is
likely on the back of a new strategic plan to develop Lumut Port that has been
submitted by the company to the State Government and Vale for a joint
collaboration. Also noted is the recent accumulation action by directors in the
company. Immediate upside target of RM1.60. Trading BUY.
UNISEM (RM1.36) - Technically breaching its short term
resistance of RM1.40 with the up trend established in June after
touching a low of RM1.26. The company is in the middle of a transition period,
moving away from its legacy products and moving into new chips primarily used in
smartphones, tablets and consumer durables which command higher margins. They have secured Broadcom as a major client after a long
prequalification process and this could signal improving quarterly numbers
ahead. Trading Buy with an upside target of RM1.60
