MORNING CALL 11 MAY, 2012
FLOWS;
BUYS : Maxis, IJM, MAS
SELLS : Genting Msia, Tenaga, KNM
Technical Stock Alert;
1) SCABLE (RM1.78) - price has been sliding touching its
year low of RM1.78. Selling was more pronounced when its MOU with Sinohydro/KEC
to bid for transmission line projects in Sarawak lapsed. The price now is
experiencing a slight uptick after it was revealed that HNG Capital had
acquired a 15.36% block in the company. MACD showing signs of cutting upwards
with RSI at 31. Immediate resistance seen at RM1.94. Trading BUY
2) LIONIND (RM1.29): Share price has fallen from its high
of RM1.61, this provide an opportunity to accumulate ahead of better
performances in the 2H. Being Malaysia's largest integrated steel, company
stood to benefit from major infrastructure and construction works including MRT
and LRT projects. RSI at 29 with stock trading at 9.6xFY12PE and PB of 0.28x.
First resistance at RM1.40 with mid term target of RM2.20 or 0.5xBV
(TYK)
