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FLOWS
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Monday, 15 Oct, 12
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BUY
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AFFIN,
CIMB, SKPETRO
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SELL
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TNB,
DIGI, GENM
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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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REDTONE (0032)
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15/10/2012
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RM0.395
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Trading BUY
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RM0.50
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Share price broke above its reverse head and
shoulder neckline of 40sens on Fridays signaling share price could
potentially reach as high as RM0.525. This bullish momentum is on the back of
launches by Maxis of its IPhone 5 packages on the Oct 26th. Redtone is the
strategic partner with Maxis for its LTE (4G) spectrum which is required for
the IPhone 5. Redtone has a net cash position of RM17mil. Given Maxis
relative stronger in balance sheet, Redtone could instead be renting the
spectrum similar to YTLE which were guaranteed RM75mil pa as the license
holder. Assuming RM20-30mil in fees, this could price Redtone at only low
single PE.
(TYK)
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3A (0012)
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15/10/2012
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RM1.10
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ST BUY
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RM1.25
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3A(RM1.10): Share price rebounded from its recent low of
RM0.98 and reached RM1.13 on Friday. Technical indicators shows a clear
breakout from the RM1.17 levels would see a move above its downward channels
and clear the 200MA indicating a trend reversal to retest the RM1.25 and
RM1.40 levels. 3A’s 50:50 JV with Wilmar in China has also started
operations, this could see earnings contribution from China as operations
reach economies of scale. Major shareholders and directors have taken the
recent price weakness as an opportunity to increase their stakes in 3A
signalling confidence in the business model. Buy on growth and contribution
from China, and recovery of its margins. Trades at 14.5x FY13 PE.
(TYK)
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Calls for OCT Week 1
/ Week 2
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STOCK
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Initiation Dates
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PRICE
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BUY/SELL
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TARGET PRICE
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LAST PRICE
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% Change since Initiated
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QL (7084)
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8/10/2012
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RM3.20
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Trading BUY
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RM3.50
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RM3.20
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0.00%
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HLI (3301)
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8/10/2012
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RM4.70
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BUY
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RM5.12
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RM4.80
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2.12%
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UEMLAND (5148)
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9/10/2012
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RM1.83
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Trading BUY
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ST RM2.00
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RM1.82
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-0.05%
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MUHIBAH (5703)
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9/10/2012
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RM0.93
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Trading BUY
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RM1.11
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RM0.92
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-1.08%
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KOSSAN (7153)
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10/10/2012
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RM3.05
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BUY
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RM4.00
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RM3.10
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1.6 %
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BENALEC (5190)
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10/10/2012
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RM1.30
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Trading BUY
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RM1.28
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RM0.93
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-1.5%
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GENTING (3182)
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11/10/2012
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RM8.65
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LT Accumulate
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RM10.20
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RM8.80
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1.7%
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GLOMAC (5020)
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11/10/2012
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RM0.815
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Mid Term BUY
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RM0.865
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RM0.815
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0.00%
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NAIM (5073)
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12/10/2012
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RM1.80
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LT Accumulate
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RM2.02
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RM1.78
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-1.1%
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YTL (4677)
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12/10/2012
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RM1.74
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Mid Term BUY
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RM1.92
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RM1.75
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0.5%
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