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FLOWS
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Monday, 16 December, 2013
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BUY
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GENM,
MUHIBBAH, CIMB
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SELL
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MAXIS, GAMUDA,
TENAGA
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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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MRCB (1651)
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16/12/2013
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RM1.24
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Trading BUY
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RM1.40
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Since its 3Q results share price has
been bashed down 13% from RM1.42 following an unexpected kitchen sinking
exercise. Current level appears attractive for a trading buy as it is only
4sen off its YTD low of RM1.20 with RSI only at 20%. YTD MRCB is down 20%
which could see possible year end closing. Key catalyst are 1) Govt
approval of toll for EDL 2) High Court decision on PJ Sentral slated for 13
Jan 2014 3) further sale of non core asset such as 30% owned DUKE and MRCB
Tech. MRCB has also started reaping benefits of land injection from Gapurna
with 1st phase launch of 9 Seputeh (GDV: MR2.5bn) with takeup rate
of over 60%. Trading Buy with TP: RM1.40
(TYK)
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UEMS (5148)
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16/12/2013
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RM2.30
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BUY
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RM2.60
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Company share price was recently
weighed down due to property sector facing restrictive measures as well as
possibility of removal from KLCI. However FTSE has announced no changes for
this semi-annual review which is positive for UEMS. Company’s launches are
weighted towards 4Q with another RM2.2bn slated which will be mainly
concentrated in Puteri Harbour (GDV: RM1.4b), East Ledang (GDV:RM402m) and
Nusa Idaman (GDV: RM284m). Medini exemption from some of the measures is also
a positive to UEMS with the impending listing of Medini Iskandar &
Iskandar Waterfront Holdings providing a further kicker. Weekly MACD which
has been in negative territory since July has narrowed with signs of a
potential bottoming. Currently trades at 50% discount to RNAV of RM4.60. Buy
with TP of RM2.60
(TYK)
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Calls for DEC 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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WCT (9679)
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9/12/2013
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RM2.24
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Trading BUY
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RM2.50
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RM2.19
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-2.3%
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WTK (4243)
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9/12/2013
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RM1.23
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Trading BUY
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RM1.50
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RM1.20
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-2.5%
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KULIM (2003)
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10/12/2013
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RM3.58
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Trading BUY
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RM4.00
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RM3.59
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+0.2%
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SEALINK (5145)
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10/12/2013
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RM0.40
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Trading BUY
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RM0.50
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RM0.395
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-1.2%
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SUNWAY (5211)
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11/12/2013
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RM2.68
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ACCUMULATE
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RM3.20
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RM2.70
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+0.7%
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ENGTEX (5056)
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11/12/2013
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RM1.68
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Trading BUY
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RM2.00
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RM1.69
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+0.6%
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AIRASIA (5099)
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12/12/2013
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RM2.36
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BUY on weakness
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RM3.24
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RM2.37
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+0.4%
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MAYBANK (1155)
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12/12/2013
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RM10.08
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ACCUMULATE
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RM11.33
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RM10.02
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-0.6%
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GAMUDA (5398)
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13/12/2013
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RM4.54
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BUY
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RM5.00
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RM4.58
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-0.8%
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YTL (4677)
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13/12/2013
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RM1.62
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Trading BUY
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RM1.80
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RM1.61
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-0.7%
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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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