Tuesday, December 18, 2012

Morning Call | 18 Dec 2012


 FLOWS
Tuesday, 18 Dec 2012
BUY
GENTING, TM, SPSETIA
SELL
TNB, SIME, AXIATA
STOCK ALERT
STOCK NAME
DATE
PRICE
BUY/SELL
TARGET PRICE
CYPARK (5184)
18/12/2012
RM1.54
BUY
RM2.00
Share price has retraced from recent high of RM1.70 back to support lvl of RM1.50. Base building now ahead of announcement of a good set of FYE12/12 rslts estimated out on 28th Dec-annualized consensus of net RM26m, eps 17c as RE electricity sales gain traction as evident in 9mths rslts. Co is in negotiations to sign a 25yr concession for biogass and biomass in N9 which will add another 20MW capacity to further boost future earnings. In addition, its 8MW in Pajam is expected to reach 60MW capacity by end of 2013. Increasing gas prices will also be a boon for RE sales in future. Trades at PER ’13 mere 4x as earnings expected to see a boost from its RE parks-trading buy with target RM2.00.
(LJN)
 
DIALOG (7277)
18/12/2012
RM2.39
BUY on weakness
RM2.80
Back to the lower end of its trading range of RM2.30-2.55 with MACD turning oversold and RSI 44. Fundamentally will continue to see improvement from maiden contributions from its Ph 1 Pengerang proj (land reclamation works and construction of tanks) in addition to the Balai marginal field RSC with its ptnrs Roc Oil and Petronas as well as additional 2-3 small field RSCs to expand recurring income. BOW on stronger support at RM2.33 which coincides with the 200D SMA. 
(LJN)
 
Calls for DEC Week 1/ Week 2
STOCK
Initiation Dates
Initiation price
BUY/SELL
TARGET PRICE
LAST PRICE
% Change since Initiated
FAVCO (7229)
10/12/2012
RM1.64
BUY
RM2.00
RM1.64
+0.0%
DIJACOR (5401)
10/12/2012
RM1.04
BUY
RM1.20
RM1.03
-1.0%
ALAM (5115)
11/12/2012
RM0.705
Trading BUY
RM0.85
RM0.68
-2.8%
PENERGY(5133)
11/12/2012
RM1.70
Accumulate
RM2.00
RM1.58
-7.1%
CRESBLD (8591)
12/12/2012
RM0.84
BUY
RM1.00
RM0.845
+0.4%
MRCB (1651)
12/12/2012
RM1.57
Trading BUY
RM1.70
RM1.56
-0.8%
HSL (6238)
13/12/2012
RM1.48
Accumulate
RM1.70
RM1.47
-0.8%
UNISEM (5005)
13/12/2012
RM0.90
Trading BUY
RM1.20
RM0.875
-2.8%
TMCLIFE (0101)
14/12/2012
RM0.33
BUY
RM0.41
RM0.35
+5.8%
BAT (4162)
14/12/2012
RM61.10
SELL
RM56.40
RM59.42
-8.3%