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FLOWS
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Monday, 11 November, 2013
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BUY
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YTL, MRCB, AXIATA
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SELL
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MAYBANK, DRBHICOM, AMMB
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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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DRBHCOM(1619)
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11/11/2013
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RM2.56
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BUY
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RM2.83
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Share
price saw picked up in vol last Friday as it trades close to its 200MA of
RM2.59. Should it cross the level share price could retest the RM2.80 mark.
Key catalyst could be the turnaround of Proton with the well-received
launches of the competitively priced Saga SV & hatchback Suprima S that
is competitive in its pricing vis-à-vis Perodua models. Assembly volumes for
Volkswagen vehicles should also gather pace in FY14 as evidence from the
launch CKD Polo Sedan recently. Government’s plan to replace Perdana as
official car would be another key to the industry. Its property division has
over RM13.3b in the pipeline with strategic land in Jalan Tun Razak,
Glenmarie, Shah Alam, Puchong, Proton City Tanjong Malim, Hicom Pegoh Park in
Melaka, and Iskandar Johor. The defense division will also see a significant
jump in contributions for FY14 & FY15 from the newly acquired CTRM &
the production of armoured trucks worth RM7.5bn. Buy
(TYK)
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AXIATA(6888)
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11/11/2013
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RM6.86
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SELL
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RM6.40
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Telco
stocks are showing signs of weakening with better than expected economic
numbers in US pushing 10 yrs Tsy yield sharply higher on Friday to 2.75%
(Highest since 15th Oct) making dividend yielding stocks less
favourable. AXIATA are also exposed to strength in RM for its subsidiaries.
XL Axiata result was also disappointing with flat revenue reported with 14%
YoY drop in EBITDA for 9M13. XL numbers for FY13 has also been revised
downward by management. XL could also see further dilution impact from the
consolidation of AXIS. Local spending power could be affected from Govt plans
to cut subsidies thus affecting discretionary spending. Weekly MACD has
turned negative. SELL with buyback level of RM6.40.
(TYK)
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Calls for NOV week 1/ Week 2
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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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AIRASIA (5099)
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1/11/2013
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RM2.68
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ACCUMULATE
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RM3.50
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RM2.63
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-1.9%
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COASTAL (5071)
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1/11/2013
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RM3.51
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TAKE PROFIT
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-
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RM3.43
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-2.3%
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ARMADA (5210)
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4/11/2013
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RM3.97
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ACCUMULATE
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RM4.50
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RM3.91
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-1.6%
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HARTA (5168)
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4/11/2013
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RM7.23
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TAKE PROFIT
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RM6.50
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RM7.35
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+1.6%
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JTIASA (4383)
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6/11/2013
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RM2.28
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SELL
into Strength
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RM2.07
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RM2.40
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+5.2%
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TUNEINS (5230)
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6/11/2013
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RM1.84
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ACCUMULATE
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RM2.20
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RM1.83
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-0.6%
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GAMUDA (5398)
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7/11/2013
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RM4.82
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BUY on weakness
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RM5.30
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RM4.84
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+0.4%
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DIALOG (7277)
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7/11/2013
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RM2.74
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ACCUMULATE
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RM3.30
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RM2.96
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+5.8%
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MISC(3816)
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8/11/2013
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RM5.01
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ACCUMULATE
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RM5.50
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RM5.08
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+1.3%
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AAX(5238)
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8/11/2013
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RM1.09
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ACCUMULATE
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RM1.20
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RM1.08
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+1.0%
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HOLD
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CONT SELL
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SELL/ TAKE PROFIT
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CONT BUY
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STRONG BUY
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