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FLOWS
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Tuesday, 24 February, 2015
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BUY
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CIMB, MISC, FGV
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SELL
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TENAGA, GENM, 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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DAYANG (5141)
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24/02/2015
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RM2.80
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ACCUMULATE
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RM3.20
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The share price has consolidated well over the past month. We see this
an opportune time to accumulate the stock in light of the improving sentiment
on O&G names. Earnings visibility remains strong on back of OB of RM4.2b,
sufficient to last until 2018. Tender book stands at RM1.5b. It remains a
well-managed group with strong Balance Sheet ( net gearing lower than 10%)
and excellent track record, It's major shareholders ( Naim Holdings) should
sustain it's position as a primary beneficiary for Petronas O&G contract
flows in Sarawak. Trading at 10.4x for FY15; Accumulate on improving O&G
outlook.( TP RM3.20 based
on 12x FY15).
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EVERGRN(5101)
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24/02/2015
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RM0.975
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BUY on weakness
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-
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The share price has gained traction over
the past 2 month, on the back of expectation that group will
turnaround in 2015 - propelled by improved operational efficiency, better
selling prices, favorable forex and lower
raw material prices. It is embarking on a series of internal restructuring
which should bring about further cost savings and improved production flows. Co stands
to benefit from stronger USD ( 70% sales are exported ) & lower rubber wood logs & crude oil (both
constituting 60% of cost). It currently trades at P/BV of 0.6x (BV of RM1.56) and PE of 14x FY15. With sentiment
on the sector improving & players no longer slashing prices for market
share, the turnaround in 2015 could be
significant; Buy on weakness.
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Calls for Jan FEB WEEK 2 WEEK
3 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
|
% Change
since Initiated
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WCT (9679)
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12/02/2015
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RM1.62
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ACCUMULATE
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RM1.80
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RM1.71
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+5.5%
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BJTOTO (1562)
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12/02/2015
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RM3.38
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ACCUMULATE
|
RM3.65
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RM3.34
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-1.2%
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HSL (6238)
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13/02/2015
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RM1.67
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ACCUMULATE
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RM1.85
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RM1.70
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+1.7%
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CYPARK (5184)
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13/02/2015
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RM1.87
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TRADING BUY
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RM2.20
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RM1.88
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+0.5%
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HARTA (5168)
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16/02/2015
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RM7.83
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SELL into Strength
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BB - RM7.00
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RM7.96
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+1.6%
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WPRTS (5246)
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16/02/2015
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RM3.55
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Take Profit
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RM3.20
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RM3.49
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-1.7%
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GTRONIC (7022)
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17/02/2015
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RM4.81
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ACCUMULATE
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RM5.50
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RM4.95
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+2.9%
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TSH (9059)
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17/02/2015
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RM2.28
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Trading BUY
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RM2.65
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RM2.26
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-0.9%
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UZMA (7250)
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23/02/2015
|
RM2.58
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Take Profit
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<RM2.10
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RM2.61
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+1.1%
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KNM (7164)
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23/02/2015
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RM0.72
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Take Profit
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-
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RM0.70
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-2.8%
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Performance
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Positive
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Negative
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Neutral
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