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FLOWS
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Friday, 28
September, 2012
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BUY
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CIMB,
SUPERMAX, YTL
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SELL
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DIALOG,
IOI, 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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DIALOG
(7277)
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28/9/2012
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RM2.30
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ACCUMULATE
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RM2.50
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Recently formed consortium with Vopak and the Johor
State government to develop a RM4.09bn LNG terminal, which forms part of the
RM60bn RAPID project in Pengerang, Johor,comprising of an LNG storage
(720,000m3 capacity), loading and regassification terminal to import LNG for
trading purposes. This new venture is in addition to the group’s
participation in the RM5bn Pengerang deepwater terminal in Johor. Co is also
keenly participating in marginal oilfields via its 32% stake tie up with Roc
Oil (48%) and Petronas Carigali (20%)to develop Balai field. The co is also
eyeing additional 2-3 small field RSCs to expand recurring income. Stock has
retraced from peak of RM2.55 to current support levels of RM2.30 at the head
and shoulder neckline, RSI at 39-Accumulate
(LJN)
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SKPETRO
(5218)
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28/9/2012
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RM2.31
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Trading BUY
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RM2.60
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Stock
has slowly eased back down to support after touching high of RM2.60 providing
a good opportunity to accumulate this large integrated o&g co with
whopping OB of RM14bn which provides clear, solid earnings visibility till
2016. MACD flattening out with RSI at 31. Trades at attractive PER’13 of mere
20x with possible boost from earnings on news that Petrobras is liberating
construction of vessels to foreign shipyards and increased contributions from
recently acquired Clough and AME and Berantai FPSO delivery. Trading buy for
a bounce back to 2.60.
(LJN)
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Calls for SEPT Week 3 / Week 4
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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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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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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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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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IJM
(3336)
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26/9/2012
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RM4.75
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Trading BUY
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RM4.92
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CANONE
(5105)
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26/9/2012
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RM2.54
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ACCUMULATE
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RM3.20
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IGB (1597)
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27/9/2012
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RM2.24
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BUY
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RM2.54
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SUPERMX
(7106)
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27/9/2012
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RM2.01
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Situational BUY
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RM2.30
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