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Flows
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Wednesday, 30th August 2012
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BUY
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GENM, DIGI, MMC
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SELLS
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TNB, MAXIS, GAMUDA
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Stock Alert
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STOCK
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DATE
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PRICE
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BUY/SELL
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TARGETPRICE
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QCAPITA(5123)
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30/8/2012
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RM1.14
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Long Term BUY
|
RM1.20
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Qcapita
(RM1.14) – retail REIT that pays very decent div yield of 7% and has
retraced withtechnical indications of a possible recovery in px as MACD is
way oversold andRSI 43. This diversified REIT with 5 out of 10 properties
located in thebusiness district of Cyberjaya that is currently being occupied
by foreigncompanies such as DHL, HSBC and BMW. Other properties include:
PlazaMont Kiara, Tesco in Penangas well as properties in Shah Alam and PJ.
Value of portfolio is aboutRM814.5mil, NTA is RM1.30 per share, P:B 0.87x.
Stock price slumped another 3%after paying out dividend of 4 sens on 26 Jul.
This presents an opportunity toaccumulate-LT Buy with TP: RM1.20.
(RL/LJN)
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MBSB(1171)
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30/8/2012
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RM 2.36
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Trading BUY
|
RM 2.70
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MBSB
(RM2.36) – accumulate in advance of anexpected expansionary budget to be
tabled on 28 Sept. A good proxy to the civilservants segment should their
disposable income be enhanced in upcoming budget.Co is also in midst of
undergoing restructuring of its legacy NPLs with aim tobring down NPL to a
more acceptable level of 5% from current 7.3%. The privatization/M&Apossibility
is also on the cards in future. Trades at PER’12 6x, P:B 2.3xwith one of
highest ROE in financial sector of 28%. Stock has retraced frm peak of RM2.54
and is now testing the necklinesupport. Technically indicating a possible bounce
as MACD is hinting of cuttingup after being oversold, RSI 38. Trading buy
with a RM2.70target.
(LJN)
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Calls for August Week 4
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STOCK
|
DATE
|
PRICE
|
BUY/SELL
|
TARGETPRICE
|
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|
TWS (4421)
|
23/8/2012
|
RM8.08
|
Trading BUY
|
RM 8.60
|
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|
MHB (5186)
|
23/8/2012
|
RM4.78
|
BUY on weakness
|
RM 5.05
|
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BERNAS (6866)
|
24/8/2012
|
RM3.46
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BUY
|
RM3.70
|
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SENDAI (5205)
|
24/8/2012
|
RM1.49
|
Trading BUY
|
RM 1.65
|
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GENP (2291)
|
27/8/2012
|
RM9.26
|
BUY On Weakness
|
RM 10.20
|
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AIRPORT (5014)
|
27/8/2012
|
RM5.46
|
BUY On Weakness
|
RM5.75
|
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KIANJOO (3522)
|
28/8/2012
|
RM2.73
|
SELL Into Str
|
RM2.50
|
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IHH (5225)
|
28/8/2012
|
RM3.11
|
Long Term BUY
|
RM3.55
|
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GenM (4715)
|
29/8/2012
|
RM3.36
|
Accumulate
|
RM3.70
|
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SUNWAY (5211)
|
29/8/2012
|
RM2.25
|
BUY on Weakness
|
RM2.70
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