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FLOWS
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Monday, 10 March, 2014
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BUY
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CIMB,
IOICORP, SKPETRO
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SELL
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TENAGA, AXIATA, WCT
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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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UCHITEC (7100)
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10/3/2014
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RM1.36
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ACCUMULATE
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RM1.58
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A defensive play paying an attractive yield with recent uncertainty
over its tax free status lifted after the extension granted for another 5
years for its microprocessors in coffee modules and biotech. Company’s
product line is primarily sold overseas particularly in Europe
hence will benefit from the recovery in that region. Even accounting for no
growth in the current year, the stock is trading at a reasonable PE of 12x
with an attractive yield of 8%. The sustainability of its payout is supported
by a strong balance sheet of over RM100m cash. Accumulate.
(DN)
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VITROX (0097)
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10/3/2014
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RM1.44
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BUY
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RM1.70
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Company has guided for an aggressive growth trajectory to be achieved
by 2015 of RM500m top line vs current RM100m likely via M&A of
complimentary business. Organic growth to come from increase of floor space
from its phase two expansion that will double capacity to 60 machines a
month. The PCB/Semicon back end process automation opportunities are expected
to increase with the exit of Agilent. Trading at a current year PE of 10x we
rate it a buy with an immediate target px of RM1.70.
(DN)
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Given that our call initiated on the 3 March 2014 to buy Coastal
(5071) has achieved our target of RM4.65,
we advocate a take
profit on the stock.
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Calls for FEB Week 4/ MARCH Week 1 2014
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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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COASTAL(5071)
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3/3/2014
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RM4.20
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TAKE PROFIT
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RM4.65
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RM4.78
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+13.8%
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SUPERMX(7106)
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3/3/2014
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RM2.78
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BUY
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RM3.56
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RM2.79
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+0.3%
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DAYA (0091)
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4/3/2014
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RM0.365
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ACCUMULATE
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RM0.45
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RM0.35
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-4.2%
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THHEAVY (7206)
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4/3/2014
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RM0.915
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ACCUMULATE
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RM1.10
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RM0.93
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+1.6%
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HUAYANG (5062)
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5/3/2014
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RM1.86
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ACCUMULATE
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RM2.38
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RM1.85
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-0.6%
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SURIA (6521)
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5/3/2014
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RM2.43
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ACCUMULATE
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RM3.00
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RM2.59
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+6.5%
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BRAHIMS (9474)
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6/3/2014
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RM2.44
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BUY
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RM3.04
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RM2.64
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+8.1%
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PANTECH (5125)
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6/3/2014
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RM0.91
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ACCUMULATE
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RM1.10
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RM0.915
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+0.5%
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GAMUDA (5398)
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7/3/2014
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RM4.62
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BUY
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RM5.20
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RM4.68
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+1.2%
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MEDIAC (5090)
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7/3/2014
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RM0.91
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ACCUMULATE
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RM1.05
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RM0.90
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-1.1%
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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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