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FLOWS
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Wednesday, 16 January, 2013
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BUY
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CIMB, DIGI, BAB
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SELL
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GAMUDA, MUDAJYA,
BJTOTO
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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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COASTAL (5071)
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16/1/2013
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RM2.03
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BUY
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RM2.40
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COASTAL (RM2.03): Recent contract awards for
Perdana (RM430mil) & ALAM (RM576mil) could spill interest into shipyard
owners as local flagged vessels are awarded contracts lasting up to 5 years,
thus reducing the supply of OSV’s in the market. Upcoming results from Pan
Malaysia Topside contracts could further fuel demand for OSVs of which
Coastal could benefit from outright sales of vessels such as AHTS and
workbarges. Coastal are also planning to boost its product offerings by
building better capability vessels and diversify into offshore structure
fabrication business and to move into the upstream segment of the oil &
gas industry. Orderbook remains healthy at around RM600mil. Trades at PE of
5.9xFY13. Buy with target price RM2.40 (TYK)
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SPSETIA (2771)
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16/1/2013
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RM3.20
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BUY
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RM3.70
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SPSETIA
(RM3.23): Since its retracement from RM3.70 level after being removed from
MSCI Index, share price has been steadily building base near the RM3.00-3.20
range. Yesterday saw share price broke above the 50MA. Share price look
poised to track higher as company saw healthy takeup rate of 75% for its
Battersea Power Station project. SPSETIA 40% portion equates to RM1.6bn thus
achieving 30% of SPSETIA target sales for FY13 of RM5.5bn. Trades at only
14.6xFY13PE against 10 year historical average of 17x and dividend yield of 4%.
TP: RM3.70 with first resistance at RM3.40 (TYK)
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Calls for JAN WEEK 2/WEEK 3
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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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UOADEV (5200)
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9/1/2013
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RM1.77
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BUY
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RM2.70
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RM1.79
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+1.1%
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MUDAJYA (5085)
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9/1/2013
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RM2.69
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BUY
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RM3.64
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RM2.74
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+1.85%
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DIALOG (7277)
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10/1/2013
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RM2.43
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ACCUMULATE
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RM2.90
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RM2.42
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-0.41%
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SCOMI (7158
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10/1/2013
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RM0.365
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Trading BUY
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RM0.41
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RM0.355
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-2.7%
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MISC (3816)
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11/1/2013
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RM4.15
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Trading BUY
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RM4.80
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RM4.18
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+0.72%
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WCT-WB (9679WB)
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11/1/2013
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RM0.435
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ACCUMULATE
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RM1.00
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RM0.43
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-1.15%
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YTLPOWR (6742)
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14/1/2013
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RM1.60
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ACCUMULATE
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RM1.80
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RM1.66
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+3.75%
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AIRPORT (5014)
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14/1/2013
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RM5.62
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BUY
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RM6.34
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RM5.55
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-0.12%
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HLIND (3301)
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15/1/2013
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RM4.53
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ACCUMULATE
|
RM5.20
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RM4.54
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+0.22%
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BSTEAD (2771)
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15/1/2013
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RM4.95
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ACCUMULATE
|
RM5.50
|
RM4.93
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-0.40%
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Wednesday, January 16, 2013
Morning Call | 16 Jan 2013
