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Flows
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Monday,
3 September, 2012
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BUY
|
CIMB, Dialog, MRCB
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SELLS
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MAS, PBBank, Axiata
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Stock Alert
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STOCK
|
DATE
|
PRICE
|
BUY/SELL
|
TARGETPRICE
|
||
|
CANONE(5105)
|
3/9/2012
|
RM 2.79
|
BUY
|
RM3.10
|
||
|
CAN ONE– the company finally concluded the legal
acquisition of 32.9% in Kian JOO in Jan 2012 for RM241.17m. During this
period, KJOO share price has outperformed, gaining 27.5% YTD. The current
value of its stake in KJOO makes up 90% of Can One’s existing market cap.
This means that the market is only valuing Can One’s core earnings at 3.59x
(after accounting for the additional interest cost of holding KJOO). A more
reasonable valuation of 8x could see its price rerate up to RM3.10.
Technically it is forming a saucer bottom with support at RM2.66. MACD has
cut up and RSI remains undemanding at 49.5. BUY.
|
||||||
|
MRCB
(1651)
|
3/9/2012
|
RM1.69
|
Trading BUY
|
RM 1.90
|
||
|
MRCB– News of the government taking over the
Eastern Dispersal Link (EDL) should help alleviate cash flow worries over the
group and help in refocusing its efforts on property development. Poised to
be main beneficiary of recently concluded IRR land transaction points to
imminent pre-qualifications being called followed by official award. Other
factors that may trigger a rerating catalyst including: Jln Bangsar land and
new development plans for recently acquired landbank to diversify out of IDR.
A breakout of its downward trading channel could see an immediate target of
RM1.90. Trading BUY.
(LJN)
|
||||||
|
|
|
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Calls for August Week 4
|
||||||
|
STOCK
|
DATE
|
PRICE
|
BUY/SELL
|
TARGETPRICE
|
||
|
BERNAS (6866)
|
24/8/2012
|
RM3.46
|
BUY
|
RM3.70
|
||
|
SENDAI (5205)
|
24/8/2012
|
RM1.49
|
Trading BUY
|
RM 1.65
|
||
|
GENP (2291)
|
27/8/2012
|
RM9.26
|
BUY On Weakness
|
RM 10.20
|
||
|
AIRPORT (5014)
|
27/8/2012
|
RM5.46
|
BUY On Weakness
|
RM5.75
|
||
|
KIANJOO (3522)
|
28/8/2012
|
RM2.73
|
SELL Into Str
|
RM2.50
|
||
|
IHH (5225)
|
28/8/2012
|
RM3.11
|
Long Term BUY
|
RM3.55
|
||
|
GenM (4715)
|
29/8/2012
|
RM3.36
|
Accumulate
|
RM3.70
|
||
|
SUNWAY (5211)
|
29/8/2012
|
RM2.25
|
BUY on Weakness
|
RM2.70
|
||
|
QCAPITA(5123)
|
30/8/2012
|
RM1.14
|
Long Term BUY
|
RM1.20
|
||
|
MBSB(1171)
|
30/8/2012
|
RM 2.36
|
Trading BUY
|
RM 2.70
|
||
Monday, September 3, 2012
Morning Call | 3 Sept 2012
