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FLOWS
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Thursday, 1 August 2013
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BUY
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IJM, MISC, DIALOG
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SELL
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TENAGA, MAYBANK, AIRASIA
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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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KIMLUN (5171)
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1/8/2013
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RM2.00
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ACCUMULATE
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RM2.60
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Share price has pulled back 13% from
recent high of RM2.28 and currently sits at its key support level of
RM2.00. Valuation is relatively cheap as it trades at 7.6xFY14PE backed
by sizeable orderbook of circa RM1.55bn (Construction: RM1.2bn, manufacturing
RM340m). Being a specialist in supplying tunnel lining segments and segmental
box girders, KIMLUN remains a frontrunner for more manufacturing job from
KVMRT2 & 3 as well as in Singapore. This division provides 30-40% of its
earning and is considered fairly stable for at least the next 5 years. Kimlun
is also a proxy to the booming Iskandar development having established a
strong track record in Johor for construction works. Accumulate with TP:
RM2.60 (10xPE).
(TYK)
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DELEUM (5132)
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1/8/2013
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RM3.28
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BUY
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RM3.90
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Trading
near its 61.8% retracement level of RM3.21 after hitting a recent high of
RM3.88, current levels offers an opportunity to accumulate DELEUM which has a
substantial orderbook of RM2.1bn after bagging approximately RM700mil in
slickline contracts from 4 PSC. This provides earnings visibility till 2019.
Trades at only 8.4xFY14PE with attractive dividend of 6%. BUY with TP: RM3.90
(10xFY14)
(TYK)
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Calls for JULY Week 4
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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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AMBANK (1015)
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25/7/2013
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RM8.02
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SELL
into strength
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RM7.40
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RM7.83
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-2.3%
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COASTAL (5071)
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25/7/2013
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RM2.53
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BUY
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RM3.36
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RM2.69
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+6.3%
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GENP(2291)
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26/7/2013
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RM10.00
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TAKE PROFIT
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-
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RM9.86
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-1.4%
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UZMA(7250)
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26/7/2013
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RM4.00
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TAKE PROFIT
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-
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RM3.90
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-2.5%
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MAHSING (8583)
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29/7/2013
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RM2.51
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ACCUMULATE
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RM3.10
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RM2.44
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+2.8%
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QL(7084)
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29/7/2013
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RM3.60
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Trading SELL
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RM3.30
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RM3.45
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-4.2%
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GADANG (9261)
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30/7/2013
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RM0.92
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BUY
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RM1.20
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RM0.93
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+1.0%
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PERISAI(0047)
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30/7/2013
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RM1.56
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ACCUMULATE
on weakness
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RM2.00
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RM1.47
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-5.8%
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SENDAI (5205)
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31/7/2013
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RM1.56
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Trading BUY
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RM1.75
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RM1.51
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-3.4%
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TEBRAU (1589)
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31/7/2013
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RM1.36
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Trading BUY
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RM1.70
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RM1.32
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-3.0%
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We’ve added an extra feature (first column from right) to indicate our
recommendation for our call.
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HOLD
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CONT SELL
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SELL/ TAKE PROFIT
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CONT BUY
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STRONG BUY
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