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FLOWS
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Friday, 19 July 2013
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BUY
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HUAYANG, DIGI,
PERDANA
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SELL
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GAMUDA, MUDAJYA,
HLBANK
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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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MAYBULK (5077)
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19/7/2013
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RM1.85
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BUY
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RM2.30
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Stock broke
out of its near 3 months flag and a lengthy reverse head and shoulder pattern
dating back to April’12 with the largest daily volume in the past 10 years.
This confluence of chart patterns coupled with the historical volume is a
very rare phenomenon, hence a very strong buy signal despite the 9% gain yesterday.
We would recommend to buy half of the planned allocation immediately and the
other half on any pull back as whenever there was a spike in volume in its
historical charts, Maybulk did not provide many opportunities for entry and
the pull backs were short & shallow. Maybulk’s fundamentals are also
supported by higher rates in both the tankers and bulk carriers for the last
couple of months, with the BDIY Index appreciably higher by more than 40%. A
more compelling story is the crystalizing of their investment in its
associate with the potential listing of POSH, its offshore vessel services
associate in
(PT)
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DAYA(0091)
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19/7/2013
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RM0.255
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BUY
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RM0.295
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Stock
is likely to play catch-up in price performance after the recent strong rebound
in the small cap and mid-cap oil & gas stocks. Daya has
corrected/consolidated for the last 2 months, giving away 61.8% of its rally,
hitting an intraday low of RM0.225. Since then, the price charts have turned
constructive with a positive crossover of the macd and the price staying
above its sma20. Potential drivers could be news of winning further o&g
services jobs which they have tendered, and the securing of a long-term
charter for its 1st offshore vessel with rates approximating
RM600m for 5 years (i.e. RM 120m p.a. versus FY12’s turnover of RM277m). Daya
is also trading at comparatively lower valuations than its peers, trading at
PER of 11.1x & 9.1x for the next 2 financial years vis-à-vis small
& mid cap o&g players mean PER of 15.8x & 12.8x. Buy
(PT)
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Calls for JULY week 2 / week
3
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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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MTDACPI(5924)
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12/7/2013
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RM0.555
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BUY
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RM0.76
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RM0.585
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+5.4%
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GENTING (3182)
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12/7/2013
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RM9.98
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BUY
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RM10.58
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RM9.96
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+0.3%
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WCT (9679)
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15/7/2013
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RM2.49
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ACCUMULATE
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RM2.98
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RM2.45
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-1.7%
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JCY(5161)
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15/7/2013
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RM0.705
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Trading SELL
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RM0.53
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RM0.745
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+5.6%
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JOHOTIN(7167)
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16/7/2013
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RM1.97
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BUY
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RM2.60
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RM1.91
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-3.1%
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GENM(4715)
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16/7/2013
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RM3.99
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Take profit
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RM3.68
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RM3.86
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-3.3%
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PRESBHD (5204)
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17/7/2013
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RM2.11
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Trading BUY
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RM2.80
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RM2.20
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+4.2%
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HSL(6238)
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17/7/2013
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RM2.02
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BUY
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RM2.60
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RM2.05
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+1.5%
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WASEONG (5142)
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18/7/2013
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RM1.96
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BUY
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RM2.33
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RM1.95
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-0.4%
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MUDAJYA (5085)
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18/7/2013
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RM2.70
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BUY
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RM3.44
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RM2.72
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-0.7%
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Friday, July 19, 2013
Morning Call | 19 July 2013
