FLOWS;
BUYS: Digi, CIMB, Airasia
SELLS: Sime, MPHB, TimeCom
Technical Stock Alert;
1) TMC Life (RM0.295) - Price has been on a down trend
since touching RM0.55 in Jan 2011 to currently its 5 year low. Improved
utilization rate of its hospitals could see the group break even by next year.
The group operates a 180 bed Medical Center in Kota Damansara and a 50 bed
hospital in Penang. Its strategy has been to tap into the lucrative medical
tourism industry in Malaysia and the region. It hopes recruit more specialists
and attract more patients via several MOUs with various foreign organizations.
Berjaya Group and Singaporean Peter Lim remain the largest shareholders with
31.4% and 32.4% respectively. BOW
2) DAYANG (RM2.03) - continues to trade in a tight band
between RM1.94-RM2.18 this year with a potential to break out to
the upside to test RM2.25. Catalyst that could trigger the rerating could be
further developments on its 11.5% stake in Perdana especially after Perdana
cleans up its balance sheet from its intended sale of 26.9% in Petra Energy.
The access to the large fleet of vessels in Perdana will be strategic as Dayang
remains a leading contender to secure hookup and commissioning contracts from
Pan Malaysia and Shell. BOW