FLOWS
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Tuesday, 11 March, 2014
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BUY
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TENAGA,
KNM, MISC
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SELL
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AXIATA, TM, ASTRO
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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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PHARMA (7081)
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11/3/2014
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RM4.18
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BUY
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RM5.40
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Volume traded for the past 2 weeks
has been relatively high averaging 640k per day vs its normal vol of below
100k. Share price appears to have found its strong support level of RM4.10.
Company appears to be in a strong footing with strong demand locally as Govt
focuses on citizen wellbeing via opening of more 1Malaysia clinics and
greater budget allocation for hospitals. Company are reducing dependency on
concessionaire business with only 57% of sales coming from this segment.
Recently completed acquisition of PT Errita Pharma (Errita), an Indonesian
generic pharmaceutical products manufacturer, is a positive for the long term
as drugs registered in Indonesia must be locally manufactured. Recently
launched National Health Insurance is expected to boon the industry. Trades
at 11.6xFY14 PER with dividend at 4.3% vs historical PE average of 15-17x..
Buy with TP: RM5.40 (15xPER)
(TYK)
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BSTEAD (2771)
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11/3/2014
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RM5.46
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ACCUMULATE
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RM6.00
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Defensive play with 5.5% div yield
and proxy to the plantation sector. Breaking above RM5.50 lvl could see
further upside of 30sen. Key catalyst will be the listing of Boustead
Plantation which is slated for mid of 2014. Other hidden value includes the
participation in redevelopment of Batu Cantoment army camp and Jalan Cochrane
land. Net profit is projected to grow by mid teen for next few years with
improvements from heavy industry division and the plantation sector.
Accumulate with TP: RM6.00 (yield 5%)
(TYK)
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Calls for MARCH Week 1 / Week 2 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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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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RM0.335
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-8.3%
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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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RM0.92
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+0.5%
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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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RM1.86
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0.0%
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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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RM2.65
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+9.0%
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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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RM2.56
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+4.9%
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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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RM0.905
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-1.1%
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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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RM4.65
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+0.6%
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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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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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RM1.35
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-0.8%
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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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RM1.47
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+2.0%
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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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