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FLOWS
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Tuesday, 1 September, 2015
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BUY
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SKPETRO,
PBBANK
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SELL
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MAYBANK,
ASTRO, AXIATA
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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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WPRTS (5246)
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01/09/2015
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RM4.20
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SELL into STR
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RM3.70
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Stock has gained 25% YTD with RSI currently
on the high side at 54. We see limited share price upside from here on weaker
macroeconomic conditions moving forward following shipping cuts from the
Ocean3 carriers during the traditional peak shipping period (Jun-Sept’15)
following a fall 85% fall in shipping rates due to overcapacity. This would
translate into lower port calls for WPRTS and lower container volume growth.
Furthermore, it is expected that WPRTS will only revise existing agreements
with major shipping lines from 2017 onwards to remain competitive in the market.
We think stock is fully valued at 22.7x FY16 PER and 6.9x p/bk, we recommend
to Sell into Strength (buyback at RM3.70 on 20x FY16).
(SPK)
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SASBADI (5252)
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01/09/2015
|
RM2.25
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ACCUMULATE
|
RM1.17
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Recent price weakness presents a buying
opportunity into a defensive stock that trades attractively at 13.2x FY16 PER
supported by a 3.5% div yield (50% policy) vs its nearest competitor, Pelangi
at 17x PER. We see further positives emerging from its M&A activities;
the latest being the 70% acquisition in a Chinese publishing company, venture
into tertiary education and online content market with management not
discounting further ventures to increase its overseas earnings. RSI trading
close to oversold levels @ 36 and macd converging up; Accumulate with TP of
RM3.00 on 17.6x FY16.
(SPK)
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Calls for AUGUST WEEK 3/ WEEK 4 2015
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STOCK
|
Initiation Dates
|
Initiation price
|
BUY/SELL
|
TARGET PRICE
|
LAST PRICE
|
% Change since Initiated
|
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CENTURY (7117)
|
24/08/2015
|
RM0.88
|
BUY on weakness
|
RM1.10
|
RM0.82
|
-6.9%
|
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GTRONIC (7022)
|
24/08/2015
|
RM5.87
|
Take Profit
|
-
|
RM5.75
|
-2.1%
|
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GENM (4715)
|
25/08/2015
|
RM3.80
|
SELL into STR
|
RM3.20 – 3.50
|
RM3.96
|
+4.2%
|
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KPJ (5878)
|
25/08/2015
|
RM4.12
|
SELL into STR
|
RM3.50
|
RM4.20
|
+2.0%
|
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AXIATA (6888)
|
26/08/2015
|
RM6.12
|
TAKE PROFIT
|
-
|
RM6.14
|
+0.3%
|
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SIGN (7246)
|
26/08/2015
|
RM1.90
|
BUY on weakness
|
RM2.60
|
RM1.91
|
+0.5%
|
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MALAKOFF(5264)
|
27/08/2015
|
RM1.29
|
Trading BUY
|
RM1.66
|
RM1.43
|
+10.8%
|
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PADINI (7052)
|
27/08/2015
|
RM1.32
|
TRIM
|
RM1.14
|
RM1.37
|
+3.7%
|
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PRESBHD(5204)
|
28/08/2015
|
RM1.75
|
BUY
|
RM2.10
|
RM1.74
|
-0.6%
|
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|
HEVEA (5095)
|
28/08/2015
|
RM0.935
|
BUY
|
RM1.17
|
RM0.94
|
+0.5%
|
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PERFORMANCE
ALERT
|
|||||
|
STOCK
|
Initiation dates
|
Initiation price
|
Target Price
|
Action
|
Returns
|
|
TOPGLOV (7113)
|
08/06/2015
|
RM5.47
|
-
|
Trading
Sell
|
-
|
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XINHWA (5267)
|
03/08/2015
|
RM1.03
|
1.20
|
Buy
Back
|
-
|
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KAREX (5247)
|
07/08/2015
|
RM3.10
|
RM3.80
|
Buy
Back
|
-
|
|
Performance
|
|
|
Positive
|
|
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Negative
|
|
|
Neutral
|
|
