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FLOWS
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Wednesday, 16 April, 2014
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BUY
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SALCON,
SKPETRO, DIGI
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SELL
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ASTRO, MISC, 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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CRESNDO (6718)
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16/4/2014
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RM3.06
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BUY
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RM3.60
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Stock has been gradually trending up again
since Jan after dipping from a high of RM3.67 in mid 2013. Essentially an
industrial/commercial and affordable housing developer with current earnings
mainly driven by the remaining 276 ac Nusa Cermerlang Industrial Park which
accounts for 55% of top line. The outstanding GDV launches in the next 2
years is guided for around RM1.2bn It
is awaiting approval for its RM3bn Bandar Cermerlang Township which is
targeted to begin in 2016 on 102 acres. The company has an outstanding land
bank of 3000ac. Trading at PE of 6.8x and a yield of 5%, we rate it a buy
with an upside target RM3.60.
(DN)
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TIME (4456)
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16/4/2014
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RM0.27
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Trading BUY
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RM0.38
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Censoft acquired a 45.06% @ 20sen last year
from Khazanah eyeing the jewel in the group, Dagang Net. Dagang Net concession
with Royal Malaysia Customs expires in 2014 but the key is their client base
of 13k, which could Censoft to leverage selling their FMSS systems utilizing
Maxpaygate as a possible GST payment gateway. This opportunity has resurfaced
after the media quoted the Royal Malaysian Customs Director General
clarifying that MY EG Services Bhd has not been elected by the govt to
collect GST. Trading buy on potential positive development on GST with an
immediate target of 38 sen.
(DN)
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Calls for APRIL 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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TM (4863)
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9/4/2014
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RM5.86
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TRADING BUY
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RM6.20
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RM6.04
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+3.0%
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DIALOG (7277)
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9/4/2014
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RM3.68
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ACCUMULATE
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RM4.50
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RM3.57
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-3.0%
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PMETAL (8869)
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10/4/2014
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RM2.50
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BUY
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RM3.10
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RM3.08
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+23.2%
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WCT (9679)
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10/4/2014
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RM2.25
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TRADING BUY
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RM2.50
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RM2.23
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-0.9%
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MUDAJYA (5085)
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11/4/2014
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RM2.83
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BUY
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RM3.56
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RM2.80
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-1.1%
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HSL (6238)
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11/4/2014
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RM1.80
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ACCUMULATE
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RM2.50
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RM1.85
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+2.7%
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SKPETRO (5218)
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14/4/2014
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RM4.35
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BUY
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RM4.80
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RM4.32
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-0.7%
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ASTRO (6399)
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14/4/2014
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RM3.35
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Sell Into Strength
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-
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RM3.37
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+0.6%
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NAIM (5073)
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15/4/2014
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RM3.83
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BUY
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RM4.40
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RM4.05
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+5.7%
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GOB (1147)
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15/4/2014
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RM0.91
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BUY
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RM1.18
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RM1.03
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+13.1
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Given that our call initiated on the 10 April 2014 to buy PMETAL
(8869) has achieved our target of RM3.10,
we advocate a take
profit on the stock.
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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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