|
FLOWS
|
Tuesday, 27 January, 2015
|
|||||||||
|
BUY
|
FGV, TENAGA, UEMS
|
|||||||||
|
SELL
|
MAYBANK, PBBANK, YTL
|
|||||||||
|
STOCK ALERT
|
||||||||||
|
STOCK NAME
|
DATE
|
PRICE
|
BUY/SELL
|
TARGET PRICE
|
||||||
|
JCY (5161)
|
27/01/2015
|
RM0.715
|
Sell into Strength
|
BB
- RM0.63~
|
||||||
|
Stock
has enjoyed a strong rebound particularly after its 4Q Sept numbers which
showed a return to profitability. It shipped higher volumes and secured
higher ASP. Enterprise class HDD had picked up and expected to sustain in
2015. Annualising the quarter earnings into FYE Sept 2015 the stock is
currently trading at 15x PE. Technicals are extended with RSI at 80 and MACD
cutting downwards, we recommend a sell into strength as immediate
positive news have been factored into the price. Buy back around the RM0.63
levels.
 |
||||||||||
|
UZMA (7250)
|
27/01/2015
|
RM2.06
|
Sell into Strength
|
BB – RM1.75
|
||||||
|
Along
with the beaten down sector its share price has enjoyed a strong technical
rebound from a low of RM1.28. However at this juncture we feel that it will
meet resistance maintaining above the RM2.00 levels as it is susceptible to a
slowdown in exploration due to lower oil prices which will impact its
geoscience and petroleum engineering division. Consensus forecast could also
be too bullish as it is still factoring a 40% jump in earnings YOY partly
attributable to its M&A activities in 2014. Drilling on its RSC division
has also been delayed and latest guidance is for a start in 1Q2015. With the
uncertainties highlighted, we feel it would be prudent to trim exposure at
this juncture with a buy back strategy towards the RM1.75 levels.
 |
||||||||||
|
|
||||||||||
|
Calls for Jan WEEK 3/ WEEK 4 2015
|
||||||||||
|
STOCK
|
Initiation
Dates
|
Initiation
price
|
BUY/SELL
|
TARGET
PRICE
|
LAST PRICE
|
% Change
since Initiated
|
||||
|
PERDANA (7108)
|
20/01/2015
|
RM1.14
|
TRADING BUY
|
RM1.41
|
RM1.16
|
+1.8%
|
||||
|
SURIA (6521)
|
20/01/2015
|
RM2.40
|
ACCUMULATE
|
RM2.92
|
RM2.35
|
-2.0%
|
||||
|
SALCON (8567)
|
21/01/2015
|
RM0.60
|
ACCUMULATE
|
RM0.76
|
RM0.635
|
+5.8%
|
||||
|
SKPRES (7155)
|
21/01/2015
|
RM0.75
|
ACCUMULATE
|
RM1.00
|
RM0.785
|
+4.6%
|
||||
|
SPSETIA (8664)
|
22/01/2015
|
RM3.60
|
BUY on weakness
|
-
|
RM3.47
|
-3.7%
|
||||
|
NAIM (5073)
|
22/01/2015
|
RM3.00
|
ACCUMULATE
|
RM4.00
|
RM3.08
|
+2.6%
|
||||
|
FABER (1368)
|
23/01/2015
|
RM2.47
|
BUY
|
RM3.20
|
RM2.61
|
+5.6%
|
||||
|
DELEUM (5132)
|
23/01/2015
|
RM1.75
|
BUY
|
RM2.20
|
RM1.74
|
-0.6%
|
||||
|
GDEX (0078)
|
26/01/2015
|
RM2.20
|
BUY on weakness
|
RM2.50
|
RM2.22
|
+0.9%
|
||||
|
GAB (3255)
|
26/01/2015
|
RM12.28
|
ACCUMULATE
|
RM13.50
|
RM12.20
|
-0.7%
|
||||
|
Performance
|
|
|
Positive
|
|
|
Negative
|
|
|
Neutral
|
|
