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FLOWS
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Monday,
September 24, 2012
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BUY
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CIMB,
SUPERMAX, AMMB
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SELL
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DIALOG,
IOIC, PCHEM
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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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TARGET PRICE
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KLK
(2445)
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24/9/2012
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RM22.06
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TRIM
|
RM20.00
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We are advocating clients trim positions in KLK in view of the weak outlook
on CPO prices for the next few months which will impact its bottom line. CPO
prices are now down to two year lows after reaching a year high of RM3655/m
tn in April on weaker global demand resulting in the country’s inventory
levels reaching over 2 tns and climbing. KLK already trades at a premium to
the industry at 18.5x PE and 3.2x P/bk and valuations could be further
stretched as full year number could miss consensus forecast by 15-20% on
lower CPO prices and weaker manufacturing and retail numbers from exposure to
troubled US and European Union. Immediate downside target of RM20.00.
(DN)
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MAYBULK
(5077)
|
24/9/2012
|
RM1.41
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BUY
|
RM1.60
|
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BDIY has rebounded for the 5th consecutive
days reaching 774points from its recent low of 662points in Sept 14th. This
could improve further as demand increase from northern hemisphere ahead of
year end festive season. MAYBULK has only rebounded slightly from its year
low of RM1.35 with MACD in positive territory. Balance sheet remains strong
with net cash of 25sen per share. Trading Buy with TP of RM1.60
(TYK)
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Calls for SEPT Week 3
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STOCK
|
DATE
|
PRICE
|
BUY/SELL
|
TARGET PRICE
|
|
PERISAI
(0047)
|
14/9/2012
|
RM0.90
|
BUY
|
RM0.95
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TIMECOM
(5031)
|
14/9/2012
|
RM3.28
|
Buy
|
RM3.55
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BENALEC
(5190)
|
18/9/2012
|
RM1.12
|
Trading BUY
|
RM1.25
|
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GAMUDA
(5398)
|
18/9/2012
|
RM3.40
|
BUY
|
RM3.80
|
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BURSA
(1818)
|
19/9/2012
|
RM6.22
|
BUY
|
RM6.60
|
|
MUDAJYA
(5085)
|
19/9/2012
|
RM2.70
|
BUY
|
RM3.02
|
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PPB
(4065)
|
20/9/2012
|
RM12.14
|
BUY
|
RM13.10
|
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MAS
(3786)
|
20/9/2012
|
RM1.01
|
Trading BUY
|
RM1.16
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PHARMA
(7081)
|
21/9/2012
|
RM7.43
|
Accumulate
|
MidTerm TP - RM8.80
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DAYANG
(5141)
|
21/9/2012
|
RM2.00
|
BUY
|
RM2.20
|