|
FLOWS
|
Friday, 13 March, 2015
|
|||||||||
|
BUY
|
CIMB, YTL, KLK
|
|||||||||
|
SELL
|
TM, TENAGA, FGV
|
|||||||||
|
STOCK ALERT
|
||||||||||
|
STOCK NAME
|
DATE
|
PRICE
|
BUY/SELL
|
TARGET PRICE
|
||||||
|
TITIJAYA (5239)
|
13/03/2015
|
RM2.00
|
BUY
|
RM2.40
|
||||||
|
Co. has very committed controlling shareholder owning more
than 60% and well regarded by major long term funds who collectively hold
more than 25%. Its business model of JVs has facilitated a quantum leap in
GDV which has grown to RM11bn from listing one year ago with an additional
RM4bn upon completion of its KLCC acquisition. Unbilled sales still a healthy
RM630m with a target launch value of RM700m for 2015. Balance sheet healthy
with RM60m cash which will enable it to leverage when required for working
capital in future launches and landbank at a good pace going forward without
having to gear up much. Possibility of partnership with Selangor MB Inc to
develop various parcels of land will provide further boost (source: TheEdge).
We reiterate our call on Titijya as we feel the price is poised to breach the
immediate psychological resistance of RM2.00 with immediate target of RM2.40
and longer term of RM3.10. BUY. (SPK)
 |
||||||||||
|
CSCENIC (7202)
|
13/03/2015
|
RM1.34
|
Accumulate
|
RM1.50
|
||||||
|
CSCENIC (RM1.34) – is a low beta counter that
operates in a highly profitable and niche wooden picture frame industry with
pre-tax margins of 23-24% and very strong free cash-flow of 8-12c per share
annually. Co is a direct beneficiary of the recovering US consumer especially
with lower oil prices translating into stronger overall discretionary spending.
Co sells over 90% of products in USD which will provide margin expansion
moving forward. Co exhibits positive qualities with a net cash position
(13c/share), requires minimal capex, dividend payout ratio above 90% for past
6 years and dividend yield of 7%; Accumulate.
(SPK)
 |
||||||||||
|
|
||||||||||
|
Calls for MARCH WEEK 1/WEEK 2
2015
|
||||||||||
|
STOCK
|
Initiation
Dates
|
Initiation
price
|
BUY/SELL
|
TARGET
PRICE
|
LAST PRICE
|
% Change
since Initiated
|
||||
|
SEM (5250)
|
06/03/2015
|
RM1.60
|
SELL
|
RM1.45
|
RM1.54
|
-3.75%
|
||||
|
MPI (3867)
|
06/03/2015
|
RM6.49
|
SELL into strength
|
RM5.80
|
RM6.25
|
-3.7%
|
||||
|
GAB(3255)
|
09/03/2015
|
RM14.76
|
SELL into strength
|
BB
- RM13.00-13.50
|
RM14.84
|
+0.5%
|
||||
|
POS (4634)
|
09/03/2015
|
RM5.09
|
SELL into strength
|
BB - RM4.50
|
RM5.06
|
-0.6%
|
||||
|
SASBADI (5252)
|
10/03/2015
|
RM1.56
|
BUY
|
RM2.00
|
RM1.65
|
+5.7%
|
||||
|
YTL (4677)
|
10/03/2015
|
RM1.59
|
TRADING BUY
|
RM1.75
|
RM1.58
|
-0.6%
|
||||
|
IHH (5225)
|
11/03/2015
|
RM5.41
|
TRIM
|
-
|
RM5.38
|
-0.5%
|
||||
|
MUDAJYA (5085)
|
11/03/2015
|
RM1.36
|
BUY on weakness
|
RM1.64
|
RM1.37
|
+0.7%
|
||||
|
YINSON (7293)
|
12/03/2015
|
RM2.85
|
BUY
|
RM3.30
|
RM2.97
|
+4.2%
|
||||
|
SNTORIA (5213)
|
12/03/2015
|
RM1.08
|
BUY
|
RM1.33
|
RM1.08
|
+0.0%
|
||||
|
Performance
|
|
|
Positive
|
|
|
Negative
|
|
|
Neutral
|
|
