|
FLOWS
|
Thursday, 21 May, 2015
|
|||||||||
|
BUY
|
GAMUDA, SUNWAY, GENM
|
|||||||||
|
SELL
|
TENAGA, CIMB,
SKPETRO
|
|||||||||
|
STOCK ALERT
|
||||||||||
|
STOCK NAME
|
DATE
|
PRICE
|
BUY/SELL
|
TARGET PRICE
|
||||||
|
BRAHIMS (9474)
|
21/05/2015
|
RM0.93
|
TRADING BUY
|
RM1.20
|
||||||
|
Finalisation of the new NCA has provide clarity for
the company going forward and also allows the company to strategically plan
for the future. From what we understand the new agreement will see top line
fall by approximately 24% and margin from 12-18% to 10-12% impacting EBITA by
ard 30%. This is as a result of cost
reductions and pricing that Brahim had to agree to under the new 5year +
5year agreement. Mgt intends to offset this loss via their own cost cutting
measures which they think will result in an overall savings of 16%. Under the
new agreement Brahim is also able to solicit for other sources of revenue
from its catering facility hence there are a few possibilities being
explored. Finally there could be some changes in the shareholding of Brahim
Airline Catering (currently Brahim 70%: Khazanah 30%) to allow the entry of a
new strategic shld. Trading buy as the stock remains close to all time low of
RM0.81 despite overcoming the major hurdle of the new NCA with a target of
RM1.20.
(DN)
 |
||||||||||
|
STAR (6084)
|
21/05/2015
|
RM2.51
|
ACCUMULATE
|
RM2.80
|
||||||
|
Despite the continued weakness in
print, seasonally the next 3 qtrs are seasonally stronger with a pick up in
adex expected. This should help sustain its attractive yield for the
immediate term. There are a few initiatives planned this year to grow its
digital revenue and recently announced proposed acquisition of Victory Hill
Exhibitions Pte Ltd who holds the rights to provide exhibition services to
Marvel until May 2017 could provide a new lucrative income stream once
completed. Attractive yield of 7%, stock could finally attempt to decisively
break above the RM2.50 range levels to an immediate target of RM2.80.
Accumulate.
(DN)
 |
||||||||||
|
|
||||||||||
|
Calls for MAY WEEK 2 / WEEK 3 2015
|
||||||||||
|
STOCK
|
Initiation
Dates
|
Initiation
price
|
BUY/SELL
|
TARGET
PRICE
|
LAST PRICE
|
% Change
since Initiated
|
||||
|
TITIJYA (5239)
|
14/05/2015
|
RM1.80
|
BUY
|
RM2.40
|
RM1.80
|
0.0%
|
||||
|
HOHUP (5169)
|
14/05/2015
|
RM1.35
|
BUY
|
RM1.80
|
RM1.39
|
+2.9%
|
||||
|
UOADEV (5200)
|
15/05/2015
|
RM2.29
|
SELL
|
RM2.00
|
RM2.26
|
-1.4%
|
||||
|
OLDTOWN (5201)
|
15/05/2015
|
RM1.61
|
ACCUMULATE
|
RM1.82
|
RM1.64
|
+1.8%
|
||||
|
PRESBHD (5204)
|
18/05/2015
|
RM2.60
|
BUY
|
RM3.14
|
RM2.70
|
+3.8%
|
||||
|
YTL (4677)
|
18/05/2015
|
RM1.66
|
TRADING BUY
|
RM1.82
|
RM1.67
|
+0.6%
|
||||
|
SASBADI (5252)
|
19/05/2015
|
RM2.37
|
TRIM
|
RM2.10
|
RM2.30
|
-3.0%
|
||||
|
CHINWEL (5007)
|
19/05/2015
|
RM1.52
|
ACCUMULATE
|
RM1.86
|
RM1.52
|
0.0%
|
||||
|
PMETAL (8869)
|
20/05/2015
|
RM2.87
|
ACCUMULATE
|
RM3.50
|
RM2.80
|
-2.5%
|
||||
|
SALCON (8567)
|
20/05/2015
|
RM0.85
|
ACCUMULATE
|
RM1.05
|
RM0.88
|
+3.5%
|
||||
|
PERFORMANCE
ALERT
|
|||||
|
STOCK
|
Initiation
dates
|
Initiation
price
|
Target
Price
|
Action
|
Returns
|
|
GHLSYS (0021)
|
31/3/2015
|
RM0.96
|
RM1.15
|
Take
Profit
|
19.7%
|
|
MATRIX (5236)
|
3/4/2015
|
RM2.73
|
RM3.12
|
Take
Profit
|
14.2%
|
|
SKPETRO (5218)
|
15/4/2015
|
RM2.40
|
RM2.75
|
Take
profit
|
14.5%
|
|
UNISEM (5005)
|
22/4/2015
|
RM2.60
|
BB
– RM2.30
|
Trading
buy
|
-
|
|
SKPRES (7155)
|
8/5/2015
|
RM0.845
|
RM1.00
|
Take
profit
|
19.5%
|
|
ECONBHD (5253)
|
8/5/2015
|
RM1.02
|
RM1.22
|
Trading
sell
|
12.7%
|
|
EDUSPEC (0107)
|
12/5/2015
|
RM0.37
|
RM0.42
|
Trading
sell
|
8.1%
|
|
Performance
|
|
|
Positive
|
|
|
Negative
|
|
|
Neutral
|
|
