FLOWS
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Wednesday,
19 September 2012
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BUY
|
GENTING,
GAMUDA, SPSETIA
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SELL
|
TNB,
SIME, MAYBANK
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SELL
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TNB, SIME, MAYBANK
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Stock Alert
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STOCK
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DATE
|
PRICE
|
BUY/SELL
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TARGET PRICE
|
BURSA
(1818)
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19/9/2012
|
RM6.22
|
BUY
|
RM6.60
|
Is a play on higher trading volumes for stocks and index &
commodity futures as funds shift to risk assets post Mario Draghi’s unlimited
bond-buying proposal and QE3. Trading volumes usually increased when there’s
increased allocation to equities as Bursa benefits from the higher foreign
flows and speculative trading activities from a buoyant market. In addition,
Bursa moves in close correlation with the KLCI. Recently Bursa retreated by
8% from its recent high and has hardly rebounded off its low, whereas the
KLCI fell 3.3% from its recent high to low and has now recouped 2.6% of the
loss. Buy
(PT)
|
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MUDAJAYA
(5085)
|
19/9/2012
|
RM2.70
|
BUY
|
RM3.02
|
200MA appears to be a strong support as share price rebounded after
reaching a low of RM2.56. We advocate a BOW call as rerating catalyst could
be on the horizon with possible resolution to coal supply issues in India
after major blackout in July and further contracts awarded from local jobs
such as TRX and KIDEX Highway with Budget 2013 looming on 28th Sept.
Mudajaya is also backed by orderbook estimated at RM4.8bn and is trading at
only 6xFY12 with dividend yield of 3.3%. MACD has also recently cut up.
(TYK)
|
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SELL
|
TNB, SIME, MAYBANK
|
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Calls for Sept Week 2/Week 3
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STOCK
|
DATE
|
PRICE
|
BUY/SELL
|
TARGET PRICE
|
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
|
JCY
(5161)
|
13/9/2012
|
RM0.97
|
Trading BUY
|
RM1.20
|
UEMLAND
(5148)
|
13/9/2012
|
RM1.64
|
Trading BUY
|
RM1.84
|
PERISAI
(0047)
|
14/9/2012
|
RM0.90
|
BUY
|
RM0.95
|
TIMECOM
(5031)
|
14/9/2012
|
RM3.28
|
BUY
|
RM3.55
|
BENALEC
(5190)
|
18/9/2012
|
RM1.12
|
Trading BUY
|
RM1.25
|
GAMUDA
(5398)
|
18/9/2012
|
RM3.40
|
BUY
|
RM3.80
|