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FLOWS
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Thursday, 3 October, 2013
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BUY
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UMW, POS, PERISAI
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SELL
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TENAGA, MAXIS, CIMB
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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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3/10/2013
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RM1.83
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SELL into strength
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RM1.55 - RM1.65
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Stock
price rallied after the BDIY surged due to significant rise in Chinese iron
ore imports but eased after peaking at a 2127 pts high. Historical trend
reveals that a seasonal year-end pullback in dry bulk shipping is expected
from November onwards as dry bulk shipping is expected to exceed demand
growth this year though with a narrow gap. Current prices are trading at
1.06x p/b vs peer average of 0.9x p/b. Technical charts shows the declining
of momentum as the MACD threatens to cut down. Suggest to sell into strength
and a buyback at 0.9x p/b which is around the RM1.55-1.65 level.
(RL)
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GADANG (9261)
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3/10/2013
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RM0.825
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BUY on weakness
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RM1.30
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Gadang’s
fundamentals remain healthy with orderbook of RM1.4b where 59% of it coming
from MRT1 (V2: Kota Damansara – Dataran Sunway), Shah Alam Hospital (RM278m)
and RAPID earthworks Package 1 (RM254m) that will provide earnings visibility
for the next 3 years, it also recently bagged a 1bil PR1MA which will be
stretched out over 9 years. Group also has 134mil (26 sens p/s) which the group
plans to expand its utilities division to
(RL)
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Calls for SEPT Week 4/ OCT Week 1
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STOCK
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Initiation Dates
|
Initiation price
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BUY/SELL
|
TARGET PRICE
|
LAST PRICE
|
% Change
since Initiated
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GENTING (3182)
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26/9/2013
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RM10.42
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SELL
into Strength
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RM9.70
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RM10.42
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0.0%
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TSH (9059)
|
26/9/2013
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RM2.40
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BUY
on Weakness
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RM2.98
|
RM2.40
|
0.0%
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YINSON (7293)
|
27/9/2013
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RM4.86
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BUY
|
RM5.80
|
RM4.80
|
-1.3%
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NCB (5509)
|
27/9/2013
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RM3.98
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Trading BUY
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RM4.40
|
RM3.95
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-0.8%
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COASTAL (5071)
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30/9/2013
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RM2.91
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BUY
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RM3.43
|
RM2.93
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+0.6%
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ALAM (5115)
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30/9/2013
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RM1.45
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BUY
|
RM1.80
|
RM1.46
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-0.6%
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BAT (4162)
|
1/10/2013
|
RM64.20
|
Take Profit
|
RM59.70
|
RM62.50
|
-2.7%
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DIALOG (7277)
|
1/10/2013
|
RM2.54
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ACCUMULATE
|
RM2.90
|
RM2.63
|
+3.5%
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LBS (5789)
|
2/10/2013
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RM1.77
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BUY on weakness
|
RM2.20
|
RM1.82
|
+2.8%
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PERISAI (0047)
|
2/10/2013
|
RM1.30
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ACCUMULATE
|
RM1.66
|
RM1.30
|
0.0%
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HOLD
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CONT SELL
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SELL/ TAKE PROFIT
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CONT BUY
|
STRONG BUY
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