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FLOWS
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Wednesday, 15 May, 2013
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BUY
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CIMB, DIALOG, MRCB
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SELL
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MAS, IOIC, AXIATA
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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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MHB(5186)
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15/5/2013
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RM3.82
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BUY
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RM4.50
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Stk has collapsed back down to its low of RM3.80
lvls(also IPO px) and has not recovered since its peak at RM8, bogged down by
concerns of yard inefficiency, order bk depletion and project delays.
However, management is addressing these internal issues by introducing cost
control measures. The delayed Gemusut-Kakap FPS is now back on track and co
was recently awarded a RM165mil contract by Exxon Mobil Corps to build the
facilities of Damar gas development project. Sitting on OB of RM3bn which
will be depleted by yr end, expect major s/h MISC/Petronas to extend
contracts their way and co is in running for RM5bn worth of jobs including
ExxonMobil’s and Shell’s EOR and
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KKB(9466)
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15/5/2013
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RM1.73
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ACCUMULATE
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RM2.50
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This steel and construction co has recently broken
out of its consolidation mode and is trading comfortably above its LT 200D
SMA on back of Sarawak themed buying (Co is 20% owned by CMSB). Co also recently
secured 3yr Petronas supplier licence for fabrication of o&g steel
facilities which will open up a new source of income as it can now execute a
full range of fabrication jobs including: construction, installation,
commissioning jobs. It owns a 28.3ha fabrication yard by Sg Sarawak, Kuching
which has a 50k ton capacity. Sitting on OB RM310m which can last the co
another 18mths, co will easily see more replenishment of orders from SCORE
and Sarawak Govt. It recently received LoA from Govt of Sarawak for RM48m
Transmission Pipeline to Samajaya Free Industrial Zone over 2yrs. Trades at a
cheap PER’14 8.7x. Accumulate for continued
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Calls for MAY Week 1/ Week 2
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STOCK
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Initiation Dates
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Initiation price
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BUY/SELL
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TARGET
PRICE
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LAST PRICE
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% Change since Initiated
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ARMADA(5210)
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8/5/2013
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RM3.98
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ACCUMULATE
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RM4.40
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RM3.98
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0.0%
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MRCB(1651)
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8/5/2013
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RM1.63
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Trading BUY
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RM2.00
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RM1.68
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+3.0%
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GADANG(9261)
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9/5/2013
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RM0.695
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BUY
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RM0.86
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RM0.83
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+19.4%
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MALTON(6181)
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9/5/2013
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RM0.535
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Mid-term BUY
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RM0.70
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RM0.610
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+14.0%
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MAS-OR(3786OR)
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10/5/2013
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RM0.075/RM0.365
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BUY
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RM0.545
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RM0.65
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-13.3%
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LIONIND(4235)
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10/5/2013
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RM1.08
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BUY
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RM1.40
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RM1.13
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+4.6%
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DAYA(0091)
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13/5/2013
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RM0.22
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Trading BUY
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RM0.26
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RM0.225
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+2.2%
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MYEG(0138)
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13/5/2013
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RM1.18
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Trading SELL
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RM1.06
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RM1.23
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+4.2%
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TAANN(5012)
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14/5/2013
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RM3.52
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BUY
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RM4.03
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RM3.70
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+5.1%
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YTLPOWR(6742)
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14/5/2013
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RM1.55
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ACCUMULATE
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RM1.85
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RM1.53
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-1.3%
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Wednesday, May 15, 2013
Morning Call | 15 May 2013
