FLOWS
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Wednesday, 10 December, 2014
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BUY
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TENAGA, TM, AMBANK
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SELL
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DIGI, GENTING, FGV
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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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CIMB(1023)
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10/12/2014
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RM5.41
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ACCUMULATE
|
RM6.15
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Stock is down 26% from end of
August high @ RM7.30, very oversold on both the daily & weekly charts
with rsi of 26 & 23 respectively. The short-term uncertainty due to the
pending merger deal with RHBCap is an opportunity to accumulate the stock on
the cheap. Over the longer term, the merger is positive as the combined entity
has the scale to strengthen its domestic presence & stabilized earnings
in an increasingly competitive environment. The synergies potential is
apparent with 86% from cost savings, hence within mgt control. CIMB's
valuation is highly attractive compared to its historical average with FY15
p/bk of 1.15 vs historical average of 2.1x. Accumulate
(LJN/PT)
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PETDAG(5681)
|
10/12/2014
|
RM17.62
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TRADING BUY
|
RM20.86
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PETDAG plunge from its high
of RM31.09 to a low of RM14.56 appears to have completed its correction as it
held its 61.8% retracement of its rally from Sept'08 to Jan'14 at RM14.72.
Its daily macd has since turned positive & the weekly macd is also on the
verge of cutting up. Being >83% owned by GLCs, it is a prime candidate for
year-end window dressing especially with technical indicators exhibiting
initial signs of a continuation of its technical bounce. A minimum 38%
retracement of its correction would target RM20.86 - a potential 18% upside
from here. Trading buy
(LJN/PT)
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Calls for DEC WEEK 1/ WEEK 2 2014
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STOCK
|
Initiation
Dates
|
Initiation
price
|
BUY/SELL
|
TARGET
PRICE
|
LAST PRICE
|
% Change
since Initiated
|
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SPSETIA(8664)
|
01/12/2014
|
RM3.24
|
ACCUMULATE
|
RM3.50
|
RM3.28
|
+1.2%
|
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MRCB (1651)
|
01/12/2014
|
RM1.46
|
ACCUMULATE
|
RM1.60
|
RM1.27
|
-13.1%
|
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MYEG (0138)
|
03/12/2014
|
RM4.16
|
TAKE PROFIT
|
-
|
RM4.22
|
+1.4%
|
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WELLCAL (7231)
|
03/12/2014
|
RM1.62
|
ACCUMULATE
|
RM1.80
|
RM01.60
|
-1.2%
|
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AFG (2488)
|
04/12/2014
|
RM4.77
|
TRIM
|
BB – RM4.20
|
RM4.75
|
-0.5%
|
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IHH (5225)
|
04/12/2014
|
RM4.78
|
TRIM
|
BB –RM4.20
|
RM04.82
|
+0.8%
|
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WPRTS (5246)
|
08/12/2014
|
RM3.30
|
SELL
INTO STRENGTH
|
BB – RM2.90
|
RM3.30
|
0.0%
|
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IJM (3336)
|
08/12/2014
|
RM6.57
|
ACCUMULATE
|
RM7.20
|
RM6.58
|
+0.1%
|
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UNISEM(5005)
|
09/12/2014
|
RM1.95
|
TAKE PROFIT
|
BB – RM1.45
|
RM1.93
|
-1.1%
|
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PADINI (7052)
|
09/12/2014
|
RM1.63
|
BUY ON WEAKNESS
|
RM1.85
|
RM1.61
|
-1.3%
|
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Performance
|
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Positive
|
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Negative
|
|
Neutral
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