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Flows
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Tuesday,
4 September, 2012
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BUY
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CIMB, Supermax, YTL
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SELLS
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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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TARGETPRICE
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NAIM
(5073)
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4/9/2012
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RM1.87
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BUY
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RM2.20
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Latest strong 1H results reaffirm our
conviction that a fundamental re rating for this company is overdue. The
company has managed to secure high profile MRT projects in the last quarter,
pushing its order book above RM1.1bn. Going forward earning will be
underpinned by more active property development from capitalizing on its
substantial land bank in Sarawak for the residential market. The stock is
currently attempting to breach above its SMA 200 resistance level, a breakout
could see an immediate upside target of RM2.20. Trading at a PE of 6.2x and
yield of 4.2%, we rate it a BUY.
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PERDANA
(7108)
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4/9/2012
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RM0.715
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Short/Mid Term BUY
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RM0.81/RM1.00
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PERDANA (RM0.715) – the multi-year bear market for Perdana,
from its last peak in July 2007 (high of 5.51), seems to be over with the
recent break out of its 2-year downtrend line. Unlike many of the past
favourites which also exhibit similar pattern of multi-year corrections and
with current bounces off the bottom, they have not managed to break above
their SMA200. Whereas, Perdana has recently cleared and stayed above its
SMA200 which signifies relative strength and confirms a new bull market is
being formed. In addition, Perdana just reported a sharp improvement in
quarterly results, the first positive quarter in more than a year, on
improved utilization of vessels. With the increased o&g activities in
Malaysia and the nearby region, coupled with Perdana having streamline its
fleet of vessels, the co should be able to maintain or improve on its recent
performance. Buy for near term and mid-term targets of 0.81/1.00 and 1.30 respectively.
(PT)
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Calls for August Week 4/ Sept Week 1
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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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TARGETPRICE
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GENP (2291)
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27/8/2012
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RM9.26
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BUY On Weakness
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RM 10.20
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AIRPORT (5014)
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27/8/2012
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RM5.46
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BUY On Weakness
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RM5.75
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KIANJOO (3522)
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28/8/2012
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RM2.73
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SELL Into Str
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RM2.50
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IHH (5225)
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28/8/2012
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RM3.11
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Long Term BUY
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RM3.55
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GenM (4715)
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29/8/2012
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RM3.36
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Accumulate
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RM3.70
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SUNWAY (5211)
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29/8/2012
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RM2.25
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BUY on Weakness
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RM2.70
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QCAPITA(5123)
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30/8/2012
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RM1.14
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Long Term BUY
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RM1.20
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MBSB(1171)
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30/8/2012
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RM 2.36
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Trading BUY
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RM 2.70
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CANONE(5105)
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3/9/2012
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RM 2.79
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BUY
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RM3.10
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MRCB (1651)
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3/9/2012
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RM1.69
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Trading BUY
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RM 1.90
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