|
FLOWS
|
Friday, 30 August, 2013
|
||||||||||||
|
BUY
|
SKPETRO, CIMB, MAXIS
|
||||||||||||
|
SELL
|
ARMADA,
MAYBANK, GAMUDA
|
||||||||||||
|
STOCK ALERT
|
|||||||||||||
|
STOCK NAME
|
DATE
|
PRICE
|
BUY/SELL
|
TARGET PRICE
|
|||||||||
|
BENALEC (5190)
|
30/8/2013
|
RM1.18
|
Trading BUY
|
RM1.40
|
|||||||||
|
In addition to completing the reclamation of a 500 acres
land and another 500 acres of unreclaimed land in Melaka, Benalec rests on
its massive land reclamation concessions in Tanjung Piai and Pengerang which
are expected to boost earnings for the next decade. We think that going
forward, the uptick in news flows would excite the market as the management
has guided for more development on its Johor reclamation project which seeks
the approval on its Environmental Impact Assessment by Sept to Nov. What
makes it attractive is the share price which fell 25% from the top in
Mid-June and have closed the share price gap (RM1.16 – RM1.18) that occurred
during the GE in May. RSI only 26%, MACD bottomed, Stochastic triggered a Buy
itinerary. Trading BUY with a mid-term target of RM1.35 (50% bounce) and
eventually RM1.40 (RM61.8%).
(RL)
 |
|||||||||||||
|
GADANG (9261)
|
30/8/2013
|
RM0.825
|
Trading BUY
|
RM1.30
|
|||||||||
|
Sentiments should improve behind latest optimism of MRT
corp in the government to make a decision to continue with the project as
planned as delaying it will be costly. We think that Gadang is a good
proxy to the MRT project as its outstanding orderbook still healthy at RM1.4b
with 59% coming from MRT1 (V2: Kota Damansara – Dataran Sunway) package
(RM809m), followed by Shah Alam Hospital (RM278m) and RAPID earthworks Package
1 (RM254m) that will provide earnings visibility for the next 3 years. Group
also has 134mil (26 sens p/s), at current price, stock is trading
at 8.1x multiple and only 6.1x FY14 PE and 5.1x FY15 PE vs sector average of
10x. p/b is only 0.6x. Share price fully achieved its head and shoulder TP of
RM0.75 and is poised to rebound. Trading BUY with an immediate TP of RM1.00
and 1.30 in the long term.
(RL)
 |
|||||||||||||
|
Calls for AUGUST Week 3/Week 4
|
|||||||||||||
|
STOCK
|
Initiation Dates
|
Initiation price
|
BUY/SELL
|
TARGET PRICE
|
LAST PRICE
|
% Change
since Initiated
|
|||||||
|
GAB (3255)
|
23/8/2013
|
RM18.00
|
SELL
|
RM16.00
|
RM17.04
|
-5.4%
|
|||||||
|
UOADEV(5200)
|
23/8/2013
|
RM2.24
|
ACCUMULATE
|
RM2.60
|
RM2.22
|
-0.9%
|
|||||||
|
BAT (4162)
|
26/8/2013
|
RM62.30
|
Trading SELL
|
-
|
RM61.00
|
-2.1%
|
|||||||
|
GENM (4715)
|
26/8/2013
|
RM4.20
|
Take Profit
|
-
|
RM4.04
|
-3.9%
|
|||||||
|
AAX(5238)
|
27/8/2013
|
RM1.10
|
BUY
|
RM1.44
|
RM1.08
|
-1.9%
|
|||||||
|
PRESBHD (5204)
|
27/8/2013
|
RM1.94
|
BUY
|
RM2.60
|
RM1.92
|
-1.1%
|
|||||||
|
SCABLE (5170)
|
28/8/2013
|
RM1.76
|
ACCUMULATE
|
RM2.24
|
RM1.86
|
+5.6%
|
|||||||
|
SENDAI (5205)
|
28/8/2013
|
RM1.44
|
ACCUMULATE
on weakness
|
RM1.91
|
RM1.48
|
+2.7%
|
|||||||
|
UMW (4588)
|
29/8/2013
|
RM12.12
|
Trading BUY
|
-
|
RM12.28
|
+1.3%
|
|||||||
|
SUNWAY (5211)
|
29/8/2013
|
RM2.74
|
Trading BUY
|
-
|
RM2.75
|
+0.03%
|
|||||||
We’ve added
an extra feature (first column from right) to indicate our recommendation for
our call.
|
HOLD
|
|
|
CONT SELL
|
SELL/ TAKE PROFIT
|
|
CONT BUY
|
STRONG BUY
|
