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FLOWS
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Wednesday, 2 January, 2013
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BUY
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SIME, COASTAL, CIMB
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SELL
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GENTING, DIALOG, TM
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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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STAR (6084)
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2/1/2013
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RM2.58
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BUY
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RM3.00
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Share price has
tanked 17.3% since Nov’12 after results disappointed due to falling print
adex and higher operating expenses and finance cost. Higher expenses were due
to Star’s decision to offer higher discount for ePaper bundle and marketing
expenses. Earnings are expected to recover in 4QFY12 which is seasonally stronger
adex while discount offered for ePaper has also narrowed since 4Q. Election
which is slated by Mar 2013 could also give a boost to media companies such
as Star. Current price offers dividend yield of 7% which is attractive
with share price possibly finding a bottom given it is now trading at april
2010 level. MACD has turned with RSI only at 6. Balance sheet remains strong
with net cash 31sen per share. Buy with TP:3.00
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BENALEC (5190)
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2/1/2013
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RM1.39
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BUY
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RM1.60
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Share price has
retraced from its recent high of RM1.47. Currently sits at its 50MA. Benalec
recently announced RM27mil gain from sale of 80acres Melaka land. This could
be the beginning of greater news flow for company as news reported Benalec to
be in advanced negotiations with 2 foreign O&G companies to invest in its
project in Johor. Earnings visibility remains strong with 500acres land to be
reclaimed in Melaka and 5485acres in Johor. 9.4xJunFY14PE. TP:1.60
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Calls
for DEC 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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TMCLIFE (0101)
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14/12/2012
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RM0.33
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BUY
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RM0.41
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RM0.380
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+13.2%
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BAT (4162)
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14/12/2012
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RM61.10
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SELL
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RM56.40
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RM62.00
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+1.5%
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CYPARK (5184)
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19/12/2012
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RM1.54
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BUY
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RM2.00
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RM1.60
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+3.8%
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DIALOG (7277)
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19/12/2012
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RM2.39
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BUY on weakness
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RM2.80
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RM2.40
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+0.5%
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GCB (5102)
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20/12/2012
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RM1.61
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BUY
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RM1.90
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RM1.64
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+1.8%
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NAIM (5073)
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20/12/2012
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RM1.79
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BUY
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RM2.30
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RM1.76
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-1.5%
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MAHSING (8583)
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21/12/2012
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RM2.16
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Accumulate
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RM2.50
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RM2.07
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-4.3%
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QL (7084)
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21/12/2012
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RM3.07
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BUY on Weakness
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RM3.60
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RM3.10
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+0.6%
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FGV (5222)
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27/12/2012
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RM4.67
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SELL into Strength
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RM4.30
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RM4.62
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-1.0%
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AIRASIA (5099)
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27/12/2012
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RM2.53
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Trading BUY
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RM3.40
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RM2.74
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+8.3%
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