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FLOWS
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Monday, 8
October, 2012
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BUY
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PETGAS,
CIMB, UEMLAND
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SELL
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UMW,
TNB, AXIATA
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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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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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QL is expected to grow earnings by high teen as company plans to
increase production in all divisions. 1) Indonesia surimi and fishmeal lines
will see capacity double to 10Mtpa. 2) Its integrated livestock farming in
Cianjur will also see doubling of production of eggs per day and chicks per
day. 3) Plantation in East Kalimantan begins to mature with 2,000 hectares
being planted annually. Share price is trading around PE of 16xFY03/13 with
PEG below 1. Recent fall in corn prices could also improve its margins.
Technically it is forming a reverse head and shoulder with potential upside
of 16sen and retest its all-time high of RM3.40. Trading buy
(TYK)
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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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On Friday share price broke above its double bottom neckline signaling
potential upside of 34sen with target price of RM4.95. This could retest its
all time high of RM5.11 as company has finally started production for its
2mil MT capacity cement plant. Investors’ interest is expected to pickup
given HLI attractive dividend of 5% with upside coming from the new plant
that is expected to benefit from Malaysia’s infrastructure spendings.
Implementation of minimum wage next year as well as recently announced people
focus budget could see pickup in sales for its Yamaha motocycles. BUY.
(TYK)
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Calls for OCT 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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TARGET PRICE
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KEURO
(3565)
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1/10/2012
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RM1.02
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ACCUMULATE
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RM1.13
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MYEG
(0138)
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1/10/2012
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RM0.745
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ACCUMULATE
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RM0.82
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TIMECOM
(5031)
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2/10/2012
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RM3.14
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BUY
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RM3.40
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IJMLAND
(5215)
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2/10/2012
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RM2.15
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BUY
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RM2.60
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MAHB
(5014)
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3/10/2012
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RM5.63
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ACCUMULATE
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RM5.84
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MPHB
(3859)
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3/10/2012
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RM3.56
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BUY
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RM3.80
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WASEONG
(5142)
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4/10/2012
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RM1.76
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ACCUMULATE
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RM1.92
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HIAPTECK
(5072)
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4/10/2012
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RM0.49
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Long Term BUY
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RM0.60
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HSL
(6238)
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5/10/2012
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RM1.57
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Trading BUY
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RM1.80
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DRBHCOM
(1619)
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5/10/2012
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RM2.39
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Trading BUY
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RM2.70
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