|
FLOWS
|
Tuesday, 2
October, 2012
|
|||
|
BUY
|
AIRASIA,
CIMB, IJM
|
|||
|
SELL
|
AXIATA,
IOI, MAS
|
|||
|
|
|
|||
|
Stock Alert
|
||||
|
STOCK
|
DATE
|
PRICE
|
BUY/SELL
|
TARGET PRICE
|
|
TIMECOM
(5031)
|
2/10/2012
|
RM3.14
|
BUY
|
RM3.40
|
|
TimeCom (3.14) – stock has retraced 54% from high of RM3.65 and is at
levels where the major shareholder, Global Transit, has started again to
increase its stake in the company (commenced buying from last week when
TimeCom was above 3.20, since then the stock has dropped another 3%). TimeCom
owns 275m shares in Digi with a current market value of RM1,443.8m versus
TimeCom’s market capitalization of RM1,796.3m. This substantially undervalues
its wholesale international & domestic bandwidth and domestic corporate
& data center business at a PER of 8.4x and they are in their early stages
of growth.
Buy
(PT)
|
||||
|
IJMLAND
(5215)
|
2/10/2012
|
RM2.15
|
BUY
|
RM2.60
|
|
Time to relook at this stock which has
retraced back to its head and shoulder neckline RM2.00 support level after
peaking at RM2.70. MACD has been consolidating since Jul at oversold levels
and has since started to cut upwards. Recently announced RPGT increase in
Budget 2013 was at a smaller quantum than expected may result in renewed
interest in property names. Rerating catalyst should there be a
possible privatization play by IJM which owns 66% of co. Sitting on unbilled
sales of RM1bn, with target new sales of RM1.5bn by 2013 to be driven mainly
by Bandar Rimbayu (BR) (ex- Canal City), The Light Collection 3&4 in
Penang. The much awaited maiden launch of BR expected in 4Q12. Co also
recently added landbank in prime Bangsar South area. Trades PER 2013 12x
(LJN)
|
||||
|
|
|
|||
|
Calls for SEPT Week 4 / OCT Week 1
|
||||
|
STOCK
|
DATE
|
PRICE
|
BUY/SELL
|
TARGET PRICE
|
|
KULIM
(2003)
|
25/9/2012
|
RM4.68
|
BUY
|
RM5.00
|
|
GENM
(4715)
|
25/9/2012
|
RM3.40
|
ACCUMULATE
|
RM3.60
|
|
IJM
(3336)
|
26/9/2012
|
RM4.75
|
Trading BUY
|
RM4.92
|
|
CANONE
(5105)
|
26/9/2012
|
RM2.54
|
ACCUMULATE
|
RM3.20
|
|
IGB
(1597)
|
27/9/2012
|
RM2.24
|
BUY
|
RM2.54
|
|
SUPERMX
(7106)
|
27/9/2012
|
RM2.01
|
Situational BUY
|
RM2.30
|
|
DIALOG
(7277)
|
28/9/2012
|
RM2.30
|
ACCUMULATE
|
RM2.50
|
|
SKPETRO
(5218)
|
28/9/2012
|
RM2.31
|
Trading BUY
|
RM2.60
|
|
KEURO
(3565)
|
1/10/2012
|
RM1.02
|
ACCUMULATE
|
RM1.13
|
|
MYEG
(0138)
|
1/10/2012
|
RM0.745
|
ACCUMULATE
|
RM0.82
|