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FLOWS
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Monday, 19 January, 2015
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BUY
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SKPETRO, GAMUDA, YTLP
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SELL
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FGV, DIGI, UEMS
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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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ECONBHD (5253)
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19/01/2015
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RM0.90
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TRADING BUY
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RM1.10
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A Grade 7
contractor allowing it to tender for higher value projects of piling
construction and inrastructure works. Current order book above RM500m with
margins on the uptrend as low margins projects such as KVMRT jobs are being
completed. They currently have a RM1bn tender book in higher margin projects
and could possibly win at least 30%. The price has been creeping up for the
past month and is set to break above the short term resistance of 91c
(coinciding with SMA50). Immediate target of RM1.10 or 14.2x PE.
(DN)
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SBCCORP (5207)
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19/01/2015
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RM1.00
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BUY
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RM1.33
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Price
has underperformed due to the delays in launching The Jesselton Quay project.
An initial launch of RM300m worth of properties for this project is expected
once all state approval are received. This should occur in the 1Q 2015 and could
be the rerating catalys. Jesselton is estimated to
have a total GDV of RM1.81bn comprising of residential, retail and commercial
components and could take up to 8 years to complete. The
company has also recently completed its 1:2 bonus exercise which should help
address the issue of its liquidity. Buy with a forward PE target of 9.5x
corresponding to a share price of RM1.33.
(DN)
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Calls for Jan WEEK 2 2015
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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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HOVID (7213)
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12/01/2015
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RM0.36
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DEFENSIVE BUY
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RM0.43
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RM0.380
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+5.5%
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MATRIX (5236)
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12/01/2015
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RM2.71
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BUY
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RM3.12
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RM2.70
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-0.4%
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GAMUDA (5398)
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13/01/2015
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RM5.03
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BUY
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RM5.50
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RM5.02
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-0.2%
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AAX (5238)
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13/01/2015
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RM0.65
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BUY
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RM0.80
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RM0.65
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0.0%
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SCIENTX (4731)
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14/01/2015
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RM7.00
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ACCUMULATE
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RM7.90
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RM6.86
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-2.0%
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PANTECH (5125)
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14/01/2015
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RM0.73
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ACCUMULATE
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RM0.96
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RM0.745
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+2.7%
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IOIPG (5249)
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15/01/2015
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RM2.16
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BUY
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RM2.40
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RM2.11
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-2.4%
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UZMA (7250)
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15/01/2015
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RM1.68
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BUY
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RM2.23
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RM1.73
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+2.9%
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GASMSIA (5209)
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16/01/2015
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RM3.20
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ACCUMULATE
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RM3.58
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RM3.14
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-1.9%
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CYPARK (5184)
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16/01/2015
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RM1.86
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ACCUMULATE
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RM2.20
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RM1.82
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-2.2%
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Performance
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Positive
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Negative
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Neutral
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