MORNING CALL 4
JUNE, 2012
FLOWS;
BUYS : Maxis, IJM, MAS
SELLS : Genting Msia, Tenaga, KNM
Technical Stock Alert;
MEDIA PRIMA (RM2.30) - price has been on the decline after
a lack luster set of 1Q numbers. A much stronger 2H is anticipated with several
major events including the European Cup, London Olympics and possibly the next
General Elections to help drive adex. Media Prima offers the widest coverage on
all adex mediums to capitalize on these events. Immediate support RM2.20 with
upside target of RMRM2.50. Buy on weakness
MBSB (RM2.25) - its price has recovered impressively from
an earlier selldown to RM2.00 to a high of RM2.27 with RSI above 50 and MACD
now showing a wide divergence and possibly cutting back down with a chance of
retesting its recent low. The company recently was also highlighted as one of
the financial institutions with outstanding claims against financially troubled
Silver Bird Group Bhd. Trim.