FLOWS;
BUYS: CIMB, Digi, BAB
SELLS: Gamuda, Mudajaya, PChem
Technical Stock Alert;
AIRASIA (RM3.46) - Down side momentum continues to suppress
prices since it touched an all time high of RM4.00 in 3Q 2011. First strong
support target of RM3.28 fast approaching, a possible catalyst for a technical
bounce back to around the RM3.60/80 levels could be definitive dates for the
listing of its overseas associate companies. Track for a bounce especially
around the RM3.30 levels. (DN/AL)
TIMECOM (RM0.71) - Back down to low end of consolidation
range between RM0.70-RM0.75. MACD flat but RSI is back below neutral at 43.3.
Results this year will start to reflect traction from acquisitions late last
year into data bandwidth related companies. BOW.
GENTING (RM11.04) -
Price has breached back above the RM11.00 mark after Gent SP received
the nod from to operate junkets. RSI already up to 62 but MACD but MACD remains
neutral. We feel upside from these levels will be limited to around the RM11.30
range as we feel the main re rating catalyst will be the securing of a gaming
lic in Florida and the expansion of GEnting NY into table games. Sell into strength.