Morning Calls | 01 Nov 2012

FLOWS

Thursday, 01 November, 2012

BUY

MAXIS, IJM, MAS

SELL

GENM, TENAGA, KNM

Stock Alert

STOCK

DATE

PRICE

BUY/SELL

TARGET PRICE

MAS (3786)

01/11/2012

RM1.03

TRADING BUY

RM1.24

MAS (RM1.03) – Khazanah’s commitment to meet MAS funding demands has help buy time for the airline to get its house in order. Recent moves of addressing legacy problems of inefficiencies and ageing fleet will help reduce cost and improve yield. News flow has also improved with the recent announcement of inclusion into the Oneworld Alliance by Feb 2013. It could also eke out a small profit in its 3Q numbers from a cut in capacity, higher load factors and lower fuel cost. Technical indicators are showing a positive divergence and a breakout from RM1.08 could possibly see a short term target of RM1.24. Trading BUY

POS (4634)

01/11/2012

RM3.02

BUY

RM3.80

POS (RM3.02) – Re energized with DRB as its new shareholder. Introducing new revenue stream products such as direct mail to leverage on its large database. It is also taking advantage of the wide reach of its parent with synergies through Bank Muamalat, Uni Asia and its auto group. Unlocking of its hidden value in its land bank could also begin soon with the redevelopment of a 2 acre plot of land in Brickfields which does not fall under the Postal Act. Price has consolidate down to its SMA 100 support level of RM2.96, we rate it a medium term accumulate with a target of RM3.80

Calls for OCT Week 3 / Week 4

STOCK

Initiation Dates

PRICE

BUY/SELL

TARGET PRICE

LAST PRICE

% Change since Initiated

SCABLE (5170)

24/10/2012

RM1.69

BUY

RM2.20

RM1.68

-0.59%

FABER (1368)

24/10/2012

RM1.49

Trading BUY

RM1.72

RM1.45

-2.68%

DIJACOR (5401)

25/10/2012

RM1.04

Trading BUY

RM1.20

RM1.06

1.92%

MAXIS (6012)

25/10/2012

RM6.89

BUY

RM 7.50

RM6.96

1.00%

TRC (5054)

29/10/2012

RM0.585

BUY

RM0.73

RM0.595

1.70%

MKLAND (8893)

29/10/2012

RM0.375

BUY

RM0.465

RM0.375

0.00%

DIALOG (7277)

30/10/2012

RM2.36

BUY

RM2.58

RM2.40

1.69%

GENM (4715)

30/10/2012

RM3.48

Accumulate

RM3.80

RM3.59

3.16%

SENDAI (5205)

31/10/2012

RM1.44

BUY

RM1.65

RM1.44

0.00%

JTIASA (4383)

31/10/2012

RM2.33

Accumulate

RM2.60

RM2.30

-1.28%