FLOWS
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Monday, 3 December 2012
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BUY
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CIMB, SUPERMX, YTL
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SELL
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DIALOG, IOIC, PCHEM
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STOCK ALERT
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STOCK NAME
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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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MISC (3186)
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3/12/2012
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RM4.02
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Mid Term BUY
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RM4.48
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MISC (RM4.02) – price has drifted down back to its lower end of its
consolidation range of between RM4.00-RM4.50. The current weakness can
partially be attributed to the larger than expected loss in its winding down
ops of the linear business and also weak performance of MMHE. On a positive
note its 2 floating storage units are already contributing positively in its
3Q numbers and no further provisions are expected for the FPSO Cendor
project. Its parent company Petronas is awaiting a response from Canadian
officials over the proposed acquisition of Progress Energy due around Dec 10,
which could provide long term +ve prospects for MISC. Good levels to
accumulate for a medium term recovery story. Short term resistance RM4.48.
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OSK (5053)
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3/12/2012
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RM1.39
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ACCUMULATE
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RM1.71
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OSK (RM1.44 EX 5 Sens) – Stock has been trading at a comfortable range
of 1.37 – 1.54 since announcing its merger between OSK – RHB in May.
The merger sees OSK disposing 100% of its investment bank bhd (including 100%
of its Labuan arm), 20% of its OSK trustees leaving OSK with little to none
core business, cash RM208 mil with 10% stake of RHBCap. With no commitments
left, OSK group CEO hinted that they might pay 60-70% of its profit as
dividend next year vs its 30+% currently (4%). Price chart forming a higher
high, higher low indicating an uptrend, currently trading at the bottom of
the Bollinger band, MACD touched the baseline and is poised for a rebound,
Stochastics have yet to trigger a buy, RSI almost at an oversold level.
Downside of stock seems limited at this point. Accumulate. (RL)
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Calls for Week 4
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STOCK
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Initiation Dates
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Initiation price
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BUY/SELL
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TARGET
PRICE
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LAST PRICE
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% Change since Initiated
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WCT (9679)
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26/11/2012
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RM2.72
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Accumulate
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RM2.96
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RM2.75
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+1.1%
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AIRPORT (5014)
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26/11/2012
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RM5.48
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Trading BUY
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RM5.70
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RM5.31
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-3.2%
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GLOMAC(5020)
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27/11/2012
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RM0.815
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BUY on weakness
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RM1.00
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RM0.805
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-1.2%
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BENALEC (5190)
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27/11/2012
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RM1.29
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BUY on weakness
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RM1.60
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RM1.30
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-0.8%
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SUNREIT (5167)
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28/11/2012
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RM1.46
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Accumulate
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RM1.60
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RM1.46
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0.0%
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PADINI (7052)
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28/11/2012
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RM1.85
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SELL
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RM1.60
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RM1.75
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-5.7%
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SPSETIA (8664)
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29/11/2012
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RM3.05
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Accumulate
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RM3.40
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RM3.04
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+0.03%
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KULIM (2003)
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29/11/2012
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RM4.28
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BUY
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RM4.70
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RM4.36
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+1.8%
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KPJ (5878)
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30/11/2012
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RM5.80
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BUY on weakness
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RM6.20
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RM5.90
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+1.7%
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LIONIND (4235)
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30/11/2012
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RM0.91
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BUY
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RM1.15
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RM0.915
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+0.05%
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