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FLOWS
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Thursday,
6 September 2012
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BUY
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CIMB,
IOIC, DIGI
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SELL
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DIALOG,
JCY, SIME
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SELL
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DIALOG, JCY, SIME
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STOCK PICK (SMALL CAP) – Retracement
from: 24 AUG – 6 SEPT
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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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CHG(%)
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TARGETPRICE
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TGOFF
(7228)
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7/9/2012
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RM0.34
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Trading
BUY
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-21.84%
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RM0.40
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Disposed of its marine business
and undergone a special cash div and offer for RCPS in marine business.
Concentrating now on its engineering equipment division.
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FAJAR
(7047)
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7/9/2012
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RM0.64
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Trading
BUY
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-15.79%
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RM 0.72
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Delays on LRT project which affect 1H earning have
mostly been provided for. Expect stronger 2H earnings and new order flows.
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MKLAND
(8893)
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7/9/2012
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RM0.35
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Trading
BUY
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-11.54%
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RM
0.38
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Remains one of the largest land owners in Damansara
Perdana, trading at 60% discount to RNAV.
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YINSON
(7293)
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7/9/2012
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RM1.86
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Accumulate
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-11.00%
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RM 2.00
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Delivery of its major O&G investment, a FSO
being built in Korea is on track and set to boost FYE Jan 2014 earnings
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FAVCO
(7229)
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7/9/2012
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RM1.56
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Trading
BUY
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-10.86%
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RM 1.76
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Just won an additional crane contract valued at
RM90. Undemanding PE of 6.5x.
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OLDTOWN
(5201)
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7/9/2012
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RM2.04
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Trading
BUY
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-10.13%
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RM 2.20
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Good response to its China expansion after the
opening of its 3rd outlet in Shenzen should see more in the
pipeline.
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SELL
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DIALOG, JCY, SIME
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STOCK PICK (MID CAP) – Retracement from:
24 AUG – 6 SEPT
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STOCK
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DATE
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PRICE
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BUY/SELL
|
CHG(%)
|
TARGETPRICE
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HLI
(3301)
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7/9/2012
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RM4.30
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Accumulate
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-14.00%
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RM 5.00
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HLI – New management is transforming the company
into a regional building material player.
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COASTAL
(5071)
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7/9/2012
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RM1.79
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Trading
BUY
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-6.28%
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RM 1.92
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Coastal – Normalisation of its margins in the 2H
after 1H numbers affected by discounts offered due to the weak market.
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SELL
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DIALOG, JCY, SIME
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STOCK PICK (BIG CAP) – Retracement from:
24 AUG – 6 SEPT
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STOCK
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DATE
|
PRICE
|
BUY/SELL
|
CHG(%)
|
TARGETPRICE
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SKPETRO
(5218)
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7/9/2012
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RM2.30
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Trading
BUY
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-9.09%
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RM 2.50
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SKPEtrol – Expect further contract wins as it
leverages on its scale and global reach to replenish its existing order book
of RM16bn.
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PARKSON
(5657)
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7/9/2012
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RM4.50
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Trading
BUY
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-7.22%
|
RM 4.70
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Parkson – Slowdown in China and Vietnam, operations
have been largely discounted in the price with valuations now down to 13x PE.
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MISC
(3816)
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7/9/2012
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RM4.12
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Trading
BUY
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-7.00%
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RM 4.54
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MISC – Improved 2Q numbers should continue for the
balance of the year. Longer term prospects to be enhance from its LNG fleet
expansion.
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AIRASIA
(5099)
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7/9/2012
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RM3.38
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Trading
BUY
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-6.89%
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RM 3.58
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AirAsia – Position in Indonesia should be further
enhanced with the completion of its acquisition of Batavia Air.
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SELL
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DIALOG, JCY, SIME
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Calls for August Week 1/ 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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QCAPITA
(5123)
|
30/8/2012
|
RM1.14
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Long
Term BUY
|
RM1.20
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MBSB
(1171)
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30/8/2012
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RM2.36
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Trading
BUY
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RM2.70
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CANONE
(5105
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3/9/2012
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RM2.79
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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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RM1.90
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NAIM
(5073)
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4/9/2012
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RM1.87
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BUY
|
RM2.20
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PERDANA
(7108)
|
4/9/2012
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RM0.715
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Short/Mid Term BUY
|
RM0.81/RM1.00
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SUPERMAX
(7106)
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5/9/2012
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RM2.13
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BUY
on weakness
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RM2.50
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JAYATIASA
(4383)
|
5/9/2012
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RM2.45
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Accumulate
|
RM2.80
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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
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RM5.40
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UOADEV
(5200)
|
6/9/2012
|
RM1.66
|
BUY
|
RM1.82
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