Tuesday, September 29, 2015

Morning Call | 25 September 2015

FLOWS
Friday, 25 September, 2015
BUY
MAYBANK, SKPETRO
SELL
DIGI, IHH
STOCK ALERT
STOCK NAME
DATE
PRICE
BUY/SELL
TARGET PRICE
IOIPG (5249)
25/09/2015
RM1.89
SELL
1.60
given the slowdown in China and subdued outlook on the property sector, with no near term catalysts in sight, we recommend a Trim backed by a recently formed bearish engulfing on its daily chart crossing its 100SMA and a cut down on both daily macd & Bollinger MA. With a tighter lending environment expected going forward, we see better value at RM1.60 levels representing a steeper 70% discount to RNAV.
(SPK)
 
 
 
 
 
 
 
 
 
 
QL (7084)
25/09/2015
RM4.01
TRIM
-
QL (RM4.01) – is expected to experience slow growth in both top and bottom lines mainly pressured by softer egg prices (down 6% YoY), weak CPO prices and higher feed cost on back of stronger USD. Furthermore, stock has just witnessed a bearish macd crossover and daily chart forming an inverted hammer. Stock appears fully valued at 20.6x & 2.8x FY16 PER and p/bk respectively (vs 7-yr average of 18.5x and 2.8x); Trim.
(SPK)
 
 
Calls for  SEPT WEEK 2 WEEK 3 2015
STOCK
Initiation Dates
Initiation price
BUY/SELL
TARGET PRICE
LAST PRICE
% Change since Initiated
IKHMAS (5268)
17/09/2015
RM0.645
BUY
RM0.75
RM0.675
+4.6%
EDGENTA (1368)
17/09/2015
RM3.30
ACCUMULATE
RM3.68
RM3.32
+0.6%
AFG (2488)
18/09/2015
RM3.48
ACCUMULATE
RM3.90
RM3.40
-2.3%
MAXIS (6012)
18/09/2015
RM6.76
SELL into STR
-
RM6.47
-4.3%
UZMA (7250)
21/09/2015
RM2.07
Trading SELL
BB -RM1.72
RM1.98
-4.3%
SENDAI (5205)
21/09/2015
RM0.80
ACCUMULATE
RM1.00
RM0.77
-3.8%
HOHUP (5169)
22/09/2015
RM0.93
ACCUMULATE
RM1.37
RM0.92
-1.0%
AIRPORT (5014)
22/09/2015
RM5.38
TRIM
RM1.00
RM5.30
-1.5%
GENP (2291)
23/09/2015
RM10.18
TRIM
-
RM9.88
-2.9%
NAIM (5073)
23/09/2015
RM2.23
BUY
RM2.80
RM2.20
-1.3%
 
 
PERFORMANCE ALERT
STOCK
Initiation dates
Initiation price
Target Price
Action
Returns
SASBADI (5252)
01/09/2015
RM2.25
RM2.65
Take Profit
+17.7%
AIRPORT (5014)
03/09/2015
RM4.41
RM5.58
Take Profit
+25.6%
UZMA (7250)
04/09/2015
RM1.73
RM2.00
Take Profit
+15.6%
 
Performance
Positive
 
Negative
 
Neutral