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FLOWS
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Tuesday, 26 February, 2013
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BUY
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CIMB, SPSETIA,
AMBANK
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SELL
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DIALOG, IOIC,
TIMECOM
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STOCK ALERT
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STOCK NAME
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DATE
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PRICE
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BUY/SELL
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TARGET PRICE
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AMBANK(1015)
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26/2/2013
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RM6.29
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Accumulate
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RM6.50
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Stk
peaked at RM6.80 in Dec ’12 and has since retraced to its 200D SMA support
level of RM6.28, backed by RSI at attractive 31 and oversold MACD just
starting to nip upwards. Recently released its 9mth12/12 rslts which were
slightly above expectations as incorporated recently acquired MBf Cards which
assisted to counter compressed NIMs. Expect its non-interest income to
further ease margin compression pressure going forward with its acqn of
Kurnia Ins now completed. Trades at compelling P:B 1.6x, ROE target 14.5%,
improving B/S –accumulate as laggard to yesterday’s strong buying momentum in
banking stks.
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TM (4863)
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26/2/2013
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RM5.32
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Accumulate
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RM6.00
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TM
(RM5.32) – recent selldown in telcos saw this stk correct from a high of
RM6.40 to touch a low of RM5.20 exacerbated by its slower Unifi subscriber
growth. However, imminent +ves include the proposed access pricing review by
MCMC as well as another capital management plan. Given TM’s declining capex
trend and cashpile of RM2.7bn, expectations for a special div will provide
support for this stk. Technically attractive as MACD severely oversold
and just cutting up, RSI 38. Trades at PER 12.7x, yields decent 3.6-4%.
Selldown opportunity to accumulate.
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Calls for FEB WEEK 3/4
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STOCK
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Initiation Dates
|
Initiation price
|
BUY/SELL
|
TARGET
PRICE
|
LAST PRICE
|
% Change since Initiated
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DIALOG (7277)
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18/2/2013
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RM2.35
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BUY
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RM2.80
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RM2.33
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-1.0%
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CYPARK (5184)
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18/2/2013
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RM1.53
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BUY
|
RM1.80
|
RM1.49
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-2.6%
|
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DIJACOR (5401)
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19/2/2013
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RM1.34
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SELL
|
RM1.20
|
RM1.39
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+3.6%
|
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UEMLAND (5148)
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19/2/2013
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RM2.24
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SELL
|
RM2.00
|
RM2.29
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+2.2%
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SPSETIA(8664)
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20/2/2013
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RM3.38
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Take profit
|
-
|
RM3.19
|
-5.9%
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GENTING(3182)
|
20/2/2013
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RM9.64
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SELL into Strength
|
RM9.00
<
|
RM9.64
|
0.0%
|
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DAYA(0091)
|
22/2/2013
|
RM0.205
|
Trading BUY
|
0.26
|
RM0.200
|
-2.5%
|
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DRBHICOM(1619)
|
22/2/2013
|
RM2.49
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BUY on Weakness
|
RM2.80
|
RM2.53
|
+1.6%
|
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AMFIRST (5120)
|
25/2/2013
|
RM1.06
|
Defensive BUY
|
RM1.10
|
RM1.06
|
0.00%
|
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AZRB (7078)
|
25/2/2013
|
RM0.69
|
TRIM
|
-
|
RM0.70
|
-0.6%
|
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Tuesday, February 26, 2013
Morning Call | 26 Feb 2013
