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FLOWS
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Thursday,
6 September 2012
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BUY
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Genting,
Gamuda, SPsetia
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SELL
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TNB,
Sime, TM
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SELL
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TNB, Sime, TM
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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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KULIM
(2003)
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6/9/2012
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RM5.14
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Trading
BUY
|
RM5.40
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Kulim(RM5.14) – trading buy on
approval from the relevant authorities for the privatization of QSR and KFC
and a declaration of special dividend of 93 sen/share to Kulim shareholders.
The privatization deals were announced in early May 2012 with the consortium
of Johor Corp, EPF and PE fund, CVC Capital Partners offering 6.80 and 4.00
for QSR and KFC respectively. These deals are expected to be completed in the
second half of this year. It is now in the fifth month since the announcement
of the deals. This falls within the normal period of 5th -6th month for such
deals to be approved. With the Q2 results recognizing a sizable fair value
revaluation gain on associates, it reflects management confidence of getting
the appropriate approvals and the completion of the deal, hence nullifying
the minimal risk of non-approval and/or the cancellation of the deals.
(PT)
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UOADEV
(5200)
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6/9/2012
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RM1.66
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BUY
|
RM1.82
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UOADEV (RM1.66) - Share price has
retraced from its recent high of RM1.94 (-14%). This offers an opportunity to
accumulate UOADEV which has recorded around RM900mil news sales in the
1H2012. New sales has exceeded analyst forecast revenue for 2012 of RM859mil
with further launches to come from projects such as Kencana Square, Desa
Green and Kiara IV slated to commence in the second half. Trades at
undemanding valuation of 6.2xFY13 and estimated yield of 7% for 2013 compare
to industry average of 12xPE.
(TYK)
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SELL
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TNB, Sime, TM
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Calls for August Week 1/ Sept Week 1
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STOCK
|
DATE
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PRICE
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BUY/SELL
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TARGETPRICE
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GENM
(4715)
|
29/8/2012
|
RM3.36
|
Accumulate
|
RM3.70
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SUNWAY
(5211)
|
29/8/2012
|
RM2.25
|
BUY
on weakness
|
RM2.70
|
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QCAPITA
(5123)
|
30/8/2012
|
RM1.14
|
Long
Term BUY
|
RM1.20
|
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MBSB
(1171)
|
30/8/2012
|
RM2.36
|
Trading
BUY
|
RM2.70
|
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CANONE
(5105
|
3/9/2012
|
RM2.79
|
BUY
|
RM3.10
|
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MRCB
(1651)
|
3/9/2012
|
RM1.69
|
Trading
BUY
|
RM1.90
|
|
NAIM
(5073)
|
4/9/2012
|
RM1.87
|
BUY
|
RM2.20
|
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PERDANA
(7108)
|
4/9/2012
|
RM0.715
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Short/Mid Term BUY
|
RM0.81/RM1.00
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SUPERMAX
(7106)
|
5/9/2012
|
RM2.13
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BUY
on weakness
|
RM2.50
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JAYATIASA
(4383)
|
5/9/2012
|
RM2.45
|
Accumulate
|
RM2.80
|