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FLOWS
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TUESDAY,
September 25, 2012
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BUY
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YTL,
MRCB, LATEXX
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SELL
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MAYBANK,
UOA, AMMB
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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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KULIM
(2003)
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25/9/2012
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RM4.68
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BUY
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RM5.00
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Stock has dropped from 5.40 recent high in mid-August to 4.68 low, ie.
a retracement of 13.3% in about 1 month vs the KLCI’s 2.6% fall due to fears
that the privatization deals of KFC and QSR would be called off. However,
accumulation was seen in the charts when Kulim fell to 4.70 and below for the
past week, and this pattern was subsequently substantiated in the Edge
that an agreement has been struck between the various stakeholders for the
privatization deals to proceed. In view of the likelihood of a substantial
special dividend to be declared once the deal is done, Kulim will naturally
see a very significant bounce. Hence buy now for a trade for that event.
(PT)
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GENM
(4715)
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25/9/2012
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RM3.40
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ACCUMULATE
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RM3.60
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Company has shown improvement in its Q2 results due mainly to its UK
operations and this is expected to improve even further in Q3 coz of the
London Olympics. In addition it was reported that Vietnamese officials at Chu
Lai economic zone will meet Genm on Sept 27 to discuss the co’s involvement
in a USD4bn casino-hotel project planned to be built in the area. Genm has also
retraced sharply from a high of 3.78 a week ago due to fears of a hike in
gaming taxes in the coming budget. However, such an event is binary in nature
as the stock may also rebound sharply if it doesn’t happen; and Genm, already
trading at an undemanding forward PER of 11.3x coupled with potential
overseas growth, should not have much downside from here. Accumulate
(PT)
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Calls for SEPT Week 3
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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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BENALEC
(5190)
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18/9/2012
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RM1.12
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Trading BUY
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RM1.25
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GAMUDA
(5398)
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18/9/2012
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RM3.40
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BUY
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RM3.80
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BURSA
(1818)
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19/9/2012
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RM6.22
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BUY
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RM6.60
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MUDAJYA
(5085)
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19/9/2012
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RM2.70
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BUY
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RM3.02
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PPB
(4065)
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20/9/2012
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RM12.14
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BUY
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RM13.10
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MAS
(3786)
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20/9/2012
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RM1.01
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Trading BUY
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RM1.16
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PHARMA
(7081)
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21/9/2012
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RM7.43
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Accumulate
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MidTerm TP - RM8.80
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DAYANG
(5141)
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21/9/2012
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RM2.00
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BUY
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RM2.20
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KLK
(2445)
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24/9/2012
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RM22.06
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TRIM
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RM20.00
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MAYBULK
(5077)
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24/9/2012
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RM1.41
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BUY
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RM1.60
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