FLOWS;
BUYS : UEMLand, DRBHicom, GentingMsia, TM
SELLS : Axiata, MRCB, AirAsia
Technical Stock Alert;
Dayang - Volume build up seen in past two trading days as the stock continues to consolidate around the RM1.90 levels after trending up from RM1.80 in early Jan. Track for a breakout above RM2.00 for a possible RM2.20 mid term target.
Yinson - Stock was sold down to a low of RM1.90 yesterday after touching a recent high of RM2.14 ahead of its ex date on the 3/2/2012 for a 3 Rights : 2 Shares issue at RM1.00 (25sen to be capitalized from its share premium and retained earnings). BUY
Stock of the Day
MMC Corp - (RM2.75)
Name 30-Dec latest YTD Change
DRB 2.04 2.78 36.27%
POS 2.59 2.87 10.81%
TWSPLNT 4.34 4.88 12.44%
ZELAN 0.37 0.42 13.51%
MMC 2.77 2.80 1.08%
TWS 10.04 10.06 0.20%
BERNAS 3.12 3.10 -0.64%
- Major recent underperformer in the Syed Mokhtar stable.
- Possible short term catalyst to ignite excitement in the stock could come from the unlocking of value in the listing of Gas Malaysia and possibly Malakoff and Johor Port at a later stage. MMC's 41.8% stake in Gas Msia could potentially be worth at least RM1.3bn.
- The MMC/Gamuda JV is the leading contender to secure the KL MRT tunneling project, potentially worth RM8bn.
- Recently the group has also been linked to a bid for KTMB.
- Buy for a breakout above RM3.00 for an immediate target of RM3.50.
