|
FLOWS
|
Thursday,
13 September 2012
|
|
BUY
|
MRCB,
TM, UOADEV
|
|
SELL
|
ARMADA,
GENTING, TNB
|
|
Stock Alert
|
||||
|
STOCK
|
DATE
|
PRICE
|
BUY/SELL
|
TARGET PRICE
|
|
JCY (5161)
|
13/9/2012
|
RM0.97
|
Trading BUY
|
RM1.20
|
|
Latest
fear of a repeat flooding in Thailand may see traders position themselves
once again into JCY in anticipation of possible supply constraints. Share
price has retreated some 40% from recent peak of RM1.60 (Aug 2). Sell-down
caused be several factors, including missed quarterly earnings, poorer
outlook on PC sales & Western Digital’s plan to slash jobs in Malaysia (interpreted
as major weakness in HDD demand). We believe sell-down has been overdone.
Although Co missed Q3 estimates, it effectively sustained top line momentum
since the Thai flood invasion. Weakness in HDD demand should be partly
cushioned by sustainable enterprise demand spurred by high adoption rate of
cloud computing. To date, Co has bought back 15.9m shares (0.78%) from the
open market, exhibiting confidence towards it outlook. JCY is trading at 5x
for FY13 & 4.8x FY14, below the average of HDD manufacturers from Japan
& US of about 8x – Trading Buy with renewed privatization possibility at
the lower end of its trading range.
(AK)
|
||||
|
UEMLAND
(5148)
|
13/9/2012
|
RM1.64
|
Trading
BUY
|
RM1.84
|
|
price
has fallen 13% this past month on election related fears and weaker than
expected 1H numbers. RSI has dipped to extreme oversold position of 12 and
MACD is showing a wide divergence indicating a possible short term reversal
soon. Despite the lower 1H numbers the company still has RM1.85bn in unbilled
sales and is targeting RM3.3bn new property launches in the 2H. Its presence
in the Iskandar Region remains a major positive with the better news flow in
that area, the latest being the official launch of Legoland, and integrated
resort. Trading BUY with an immediate target of RM1.84
|
||||
|
Calls for Sept Week 1/Week 2
|
||||
|
STOCK
|
DATE
|
PRICE
|
BUY/SELL
|
TARGET PRICE
|
|
SKPETRO
(5218)
|
7/9/2012
|
RM2.30
|
Trading
BUY
|
RM 2.50
|
|
PARKSON
(5657)
|
7/9/2012
|
RM4.50
|
Trading
BUY
|
RM 4.70
|
|
MISC
(3816)
|
7/9/2012
|
RM4.12
|
Trading
BUY
|
RM 4.54
|
|
AIRASIA
(5099)
|
7/9/2012
|
RM3.38
|
Trading
BUY
|
RM 3.58
|
|
GTRONICS
(7022)
|
10/9/2012
|
RM1.45
|
Trading
BUY
|
RM1.60
|
|
ALAM
(5115)
|
10/9/2012
|
RM0.51
|
BUY
|
RM0.56
|
|
TENAGA
(5347)
|
11/9/2012
|
RM6.75
|
BUY
on weakness
|
RM7.00
|
|
FGV
(5222)
|
11/9/2012
|
RM4.69
|
BUY
on weakness
|
RM5.00
|
|
CIMB
(1023)
|
12/9/2012
|
RM7.17
|
Accumulate
|
RM7.47
|
|
SPSETIA
(8664)
|
12/9/2012
|
RM3.57
|
BUY
|
RM 3.86
|