FLOWS
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Monday, 27 May, 2013
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BUY
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CIMB, SPSetia, AMMB
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SELL
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Dialog, Sunway, 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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MULPHA (3905)
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27/5/2013
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RM0.445
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BUY
|
RM0.68
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retraced
11% within 2 days from its recent high of RM0.495 mainly due to the Nikkei
contagion, down to the break-out level of RM0.44-0.45. This is also the 50%
retracement level of its recent run of RM0.38 to RM0.495. RSI has pulled back
from the 80% level to the current neutral 61% level and the long-term
indicators continued to be positive. With the current bullish price charts as
seen from the recent break-out of its 1-year base formation, coupled with
compelling volume, Mulpha is expected
to take out its major resistance of RM0.50 and target the RM0.68 level. The
stock is also trading at an attractive valuation of 0.39x Price/book with
hardly any intangibles in its book as its NTA/share is RM1.12 versus its
book/share of RM1.13. In addition, the Johor Iskandar story is still in play
and Mulpha has a huge chunk of its assets in Iskandar – 600 acres of freehold
land in Leisure Farm. Buy (PT)
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GENTING (3182)
|
27/5/2013
|
RM10.30
|
Accumulate
|
RM11.78
|
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has reached a level that is attractive to
accumulate on any weakness. Its price has retraced to the end of april’13
pre-elections resistance-turned-support levels, and it is close to the 75%
retracement of its recent rally from RM9.94 to RM11.00. Stock is oversold in
the immediate term while weekly indicators remained positive. Long-term chart
patterns exhibit potential to target the RM11.78 January’2011 high.
Fundamentally, Genting is also attractively priced, as it trades at FY14 6x
EV/Ebitda, a discount of more than 30% versus its regional peers. Accumulate (PT)
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Calls for MAY Week 2/ Week 3
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STOCK
|
Initiation Dates
|
Initiation price
|
BUY/SELL
|
TARGET
PRICE
|
LAST PRICE
|
% Change since Initiated
|
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BONIA(9288)
|
16/5/2013
|
RM2.06
|
BUY
|
RM2.60
|
RM1.99
|
-3.4%
|
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HLI(3301)
|
16/5/2013
|
RM4.40
|
BUY
|
RM5.20
|
RM4.40
|
+0.0%
|
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IOICORP(1961)
|
17/5/2013
|
RM5.07
|
BUY
|
RM5.38
|
RM5.25
|
+3.6%
|
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MAYBANK (1155)
|
17/5/2013
|
RM10.00
|
Accumulate On Weakness
|
RM10.40
|
RM10.08
|
+0.8%
|
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TRC(5054)
|
21/5/2013
|
RM0.62
|
ACCUMULATE on Weakness
|
RM0.80
|
RM0.61
|
-1.6%
|
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UEMLAND(5148)
|
21/5/2013
|
RM3.51
|
Take Profit
|
RM2.70
|
RM3.26
|
-7.1%
|
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KUB(6874)
|
22/5/2013
|
RM0.48
|
Trading BUY
|
RM0.70
|
RM0.475
|
-1.0%
|
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HUBLINE(7013)
|
22/5/2013
|
RM0.065
|
Trading BUY
|
RM0.10
|
RM0.065
|
0.0%
|
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TAS (5149)
|
23/5/2013
|
RM0.51
|
BUY
|
RM0.69
|
RM0.50
|
-1.9%
|
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GLOMAC (5020)
|
23/5/2013
|
RM1.36
|
SELL
|
RM1.22
|
RM1.28
|
-5.9%
|
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Tuesday, May 28, 2013
Morning Call | 27 May 2013
