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FLOWS
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Thursday, 7 March, 2013
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BUY
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GENTING, GAMUDA,
MAXIS
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SELL
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TENAGA, TM, MAYBANK,
CIMB
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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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MAS(3786)
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7/3/2013
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RM0.70
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ACCUMULATE
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RM0.785
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MAS(0.70)
– has been on a downtrend since it peaked at 4.60 in 2007. Despite the
negative news of capital reduction and rights issue, its weekly macd cut
upward and registers a positive crossover. This would in a way signifies that
the negative news have been discounted by the market and reflected in the price.
With 2 consecutive quarters of turnaround, oil price falling (fuel cost = 38%
of operational costs), management efforts on route rationalization,
fleet renewal & costs cutting, and their recent membership in the One
World Alliance, MAS would likely continue on its profitable path. Hence
accumulate on weakness especially when the rights are traded.
(PT)
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SKPETRO(5218)
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7/3/2013
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RM2.98
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Trading BUY
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RM3.22
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SKPetro(2.98)
– with the stock trading above its resistance of 2.94, there is a trading opportunity
with an 8% upside to 3.22 especially if the 3.00 is cleared. The stop loss is
at 2.93, <2% from the current price,
hence a decent risk : reward ratio a trading buy. Other fundamental kickers
are the expected completion of the USD2.9bn megadeal with Seadrill to be in April, Upstream Online reports
of their potential wins in both Brazil’s USD5bn pipelay support vessels
tender and Petronas umbrella contract for transport & installation
covering the oil & gas field developments across Malaysia. Trading buy
(PT)
 |
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Calls for FEB WEEK 3/4
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STOCK
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Initiation Dates
|
Initiation price
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BUY/SELL
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TARGET
PRICE
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LAST PRICE
|
% Change since Initiated
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UZMA(7250)
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27/2/2013
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RM1.65
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Trading BUY
|
RM2.00
|
RM1.70
|
+3.0%
|
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BSTEAD(2771)
|
27/2/2013
|
RM4.75
|
ACCUMULATE
|
RM5.20
|
RM4.80
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+1.0%
|
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SCOMI(7158)
|
28/2/2013
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RM0.315
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BUY
|
RM0.37
|
RM0.335
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+6.0%
|
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PUNCAK(6807)
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28/2/2013
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RM1.35
|
Switch
|
RM1.60
|
RM1.42
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+5.1%
|
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MUDAJYA(5085)
|
1/3/2013
|
RM2.45
|
ACCUMULATE
|
RM2.90
|
RM2.50
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+2.0%
|
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GAMUDA(5398WD)
|
1/3/2013
|
RM1.10
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BUY
|
RM1.30
|
RM1.18
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+7.8%
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E&O(3417)
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5/3/2013
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RM1.57
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ACCUMULATE
|
RM1.82
|
RM1.62
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+3.1%
|
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IJMLAND(5215)
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5/3/2013
|
RM2.15
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BUY
|
RM2.62
|
RM2.34
|
+8.8%
|
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APM (5015)
|
6/3/2013
|
RM4.99
|
ACCUMULATE
|
RM5.50
|
RM5.00
|
+0.2%
|
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TEBRAU (1589)
|
6/3/2013
|
RM0.94
|
BUY
|
RM1.40
|
RM0.96
|
+2.1%
|
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Thursday, March 7, 2013
Morning Call | 7 March 2013
