Thursday, April 26, 2012

Morning Call | 26 April 2012

MORNING CALL                                       26 April 2012

FLOWS;

BUYS:     Maxis, Mudajaya, PBBank-01

SELLS:     UMW, SapCres, PChem

Technical Stock Alert;
1) PERISAI (RM0.895) -   price has recovered after earlier rumours of another cash call.  Possible a reversed head & shoulder pattern if it clears the RM0.92 level. 0.14 sen up side target to RM1.06 (Trading buy). 

2) TIMECOM (RM0.715) -   MACD exhibiting signs of cutting upwards with RSI recovering from a low of 37 to 57 currently. Its price is retesting the SMA 50 levels of RM0.725 and could immediately revisit the double top target of RM0.775. Its remaining 3.5% in DIGI is worth RM1bn vs existing market cap of RM1.8bn and completion in the 2H of the new companies which will give it a regional presence with earnings enhancement. Trading Buy