FLOWS
|
Monday, 29 October, 2012
|
||||||||||||
BUY
|
MAYBANK, PCHEM, AXIATA
|
||||||||||||
SELL
|
BJTOTO, MISC, DRBHCOM
|
||||||||||||
Stock Alert
|
|||||||||||||
STOCK
|
DATE
|
PRICE
|
BUY/SELL
|
TARGET PRICE
|
|||||||||
TRC
(5054)
|
29/10/2012
|
RM0.585
|
BUY
|
RM0.73
|
|||||||||
TRC (RM0.585): Recent pick up in buying interest of construction names such as MRCB,
Gamuda and HSL could see spillover effect into TRC Synergy which is trading
near its ytd low of RM0.58. Share price has consolidated around the
RM0.58-0.60 level for almost 2 months with volume showing signs of picking up
in the last trading session. Weakness in share price could be due to
disappointing 1H2012 earnings which was only at RM1mil. However earnings is
expected to recover in 2H and beyond on the back of its orderbook which
stands at RM2.1bn or 6.2xFY11 revenue. Orderbook are mainly from the LRT
(RM950mil) and MRT (743mil). Trades at only 7xFY13PE with net cash of RM0.126
capping downside. Breaking above RM0.62 would clear its downward trend with
mid term target of RM0.73 (TYK)
 |
|||||||||||||
MKLAND
(8893)
|
29/10/2012
|
RM0.375
|
Buy
|
RM0.465
|
|||||||||
MKLAND (RM0.375): Share price has consolidated well within the
range of RM0.36-RM0.38 since recovering from its low of RM0.315 as it looks
poised to resume its uptrend and retest its recent high of RM0.435 back in
August. Should it break above the RM0.39 neckline share price could reach
another high of RM0.465. MACD has also just turned positive. Buying interest
in MKLAND has picked up recently as they are the largest land owner in
Damansara Perdana with land size measuring 586acres. Carry value of the land
is only at RM16.50psf compared to recent sale of RM111psf in 2011.This is the
last large tract of land in the vicinity that will benefit from accessibility
to the MRT station as well as governments infrastructure and land development
in the nearby rubber reserve land.
Trades at only 0.5xPBV and net gearing of 0.1x. (TYK)
 |
|||||||||||||
Calls for OCT Week 3 / Week 4
|
|||||||||||||
STOCK
|
Initiation Dates
|
PRICE
|
BUY/SELL
|
TARGET
PRICE
|
LAST
PRICE
|
% Change since Initiated
|
|||||||
LIONIND (4235)
|
19/10/2012
|
RM1.10
|
Strong BUY
|
Mid
- RM1.70
|
RM1.11
|
0.90%
|
|||||||
FAVCO (7229)
|
19/10/2012
|
RM1.63
|
Trading BUY
|
RM1.81
|
RM1.65
|
1.20%
|
|||||||
SUNWAY (5211)
|
22/10/2012
|
RM2.32
|
Trading BUY
|
RM2.60
|
RM2.40
|
3.40%
|
|||||||
HAIO (7668)
|
22/10/2012
|
RM2.18
|
BUY
|
RM2.50
|
RM2.20
|
0.90%
|
|||||||
ARMADA (5210)
|
23/10/2012
|
RM3.70
|
BUY
|
RM4.20
|
RM3.80
|
2.70%
|
|||||||
PMETAL (8869)
|
23/10/2012
|
RM1.75
|
Trading BUY
|
RM1.91
|
RM1.73
|
-0.11%
|
|||||||
SCABLE (5170)
|
24/10/2012
|
RM1.69
|
BUY
|
RM2.20
|
RM1.70
|
0.59%
|
|||||||
FABER (1368)
|
24/10/2012
|
RM1.49
|
Trading BUY
|
RM1.72
|
RM1.48
|
-0.67%
|
|||||||
DIJACOR (5401)
|
25/10/2012
|
RM1.04
|
Trading BUY
|
RM1.20
|
RM1.05
|
0.96%
|
|||||||
MAXIS (6012)
|
25/10/2012
|
RM6.89
|
Buy
|
RM
7.50
|
RM6.93
|
0.58%
|
|||||||