FLOWS;
BUYS : Maxis, IJM, MAS
SELLS : Genting Msia, Tenaga, KNM
Technical Stock Alert;
BJCorp (RM0.95) - trading activity increased since Tuesday with the stock signaling a possible move upwards from its past month consolidation levels of 93sen. Immediate upside target of RM1.05-1.10 levels.
Axiata (RM4.67) - selldown from RM5.20, touched its ST support levels of RM4.65 on the 31 Jan. Track for volume activity to die down as we expect strong local fund support below these levels as it remains a key component counter commanding 6.13% weighting in the KLCI.
Stock of the Day
UEMLAND (RM2.32)
- interest stirred from current M&A in Tebrau, refocusing attention to the Iskandar Region
- Largest landowner in Nusajaya with 11,000 acres.
- Aggressive product launch this year of RM5bn worth of projects with a guided sales target of RM3.2bn
- Recent addition (13 December 2011) to the KLCI.
- We rate this a trading buy with a break above the RM2.40 levels likely to see the stock trend higher towards the RM2.60 mark.
