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FLOWS
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THURSDAY, 31 Jan 2013
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BUY
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GENTING, TM, SPSETIA
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SELL
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TENAGA, SIME, AXIATA
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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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KLK (2445)
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31/1/2013
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RM21.74
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SELL
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RM20.50
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CPO price has
recovered off lows of RM2200/ton to current RM2500/ton helped recently by
Indo’s increase in export taxes. However, the outlook for CPO is still weak
as inventories still remain at lofty levels (above 2m tones). Furthermore,
technically challenging outlook for CPO px as RSI is at a high 60 and MACD at
overbought levels. KLK trades at a premium in the sector at a rich
PER’13 18.8x and is trading below the 200D SMA lvl - sell into
strength.
(LJN)
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ALAM (5115)
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31/1/2013
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RM0.84
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Trading SELL
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RM0.65-0.70
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Stock
has outperformed and surpassed our target px of 85c to touch a hi of 94c
following co’s latest award of its 1st long term charter contract worth
RM576m by Petronas Carigali recently. Technically extended as RSI at 60 and
MACD is peaking and just starting to cut downwards. With the recent run up,
stk is now trading at PER’13 13x- Advocate to take profit with aim to buy
back nearer 65-70c lvls on improving environment as Petronas is still due to
tender out more OSV contracts.
(LJN)
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Calls for JAN WEEK 3/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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YTL (4677)
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21/1/2013
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RM1.80
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BUY on weakness
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RM2.00
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RM1.69
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-6.5%
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FITTERS (9318)
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21/1/2013
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RM0.63
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ACCUMULATE
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RM0.84
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RM0.595
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-5.8%
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GENTING (3182)
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22/1/2013
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RM9.58
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SELL
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RM8.48
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RM9.35
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-2.4%
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YINSON (7293)
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22/1/2013
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RM2.13
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BUY
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RM2.70
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RM2.24
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+5.0%
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MEDIA (4502)
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23/1/2013
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RM2.17
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BUY
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RM2.40
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RM2.25
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+3.6%
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PADINI (1052)
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23/1/2013
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RM1.73
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BUY
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RM2.00
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RM1.83
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+5.5%
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GASMSIA(5209)
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25/1/2013
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RM2.62
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DEFENSIVE ACCUMULATE
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RM2.53
>
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RM2.65
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+1.2%
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PMETAL (8869)
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25/1/2013
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RM1.87
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ACCUMULATE on
weakness
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RM1.87
>
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RM1.83
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-3.3%
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AIRASIA (5099)
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30/1/2013
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RM2.78
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BUY
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RM3.40
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RM2.76
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-0.7%
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WCT (9679)
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30/1/2013
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RM2.26
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Long Term BUY
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RM2.90
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RM2.23
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-1.4%
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