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FLOWS
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Monday, 21 January, 2013
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BUY
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MRCB,
TM, UOADEV
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SELL
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ARMADA,
GENTING, TOPGLOVE
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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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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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YTL (RM1.80) –Group is armed with a hefty warchest
of RM4bn is looking for more distressed European assets to acquire with the
latest being the takeover with MAHB of Stansted Airport worth over £1bil.
Limited downside and strong technical indicators presents an opportunity to
enter as pull back from recent high rally of RM1.90 to close slightly above
the strong support of RM1.78 (50% retracement level). Buy on Weakness. TP
RM2.00 (RL)
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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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Fitters gaining traction as its Green mill palm oil
renewable energy is now proven to be commercially viable and it’s the only
company with the rights to this technology. The green mill converts empty
fruit bunches (EFB) and palm oil mill effluents (POME) into commercial
products and provides the mill with additional income of 25% to 30%.
Group has currently made its first signing to upgrade an oil mill in Indonesia
and is looking for more local mills to support this clean energy
breakthrough. Group plans to grow its green tech division into a core
business with a target of 50% revenue contribution by 2014. Share price chart
formed a reverse head and shoulder with an upside target of RM0.68 and
eventually RM0.72. Volume picked up significantly on Friday. Currently only
trading at only 6x PE. Accumulate. TP RM0.84 (RL)
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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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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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RM1.64
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+2.5%
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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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RM5.50
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-2.1%
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HLIND (3301)
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15/1/2013
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RM4.53
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ACCUMULATE
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RM5.20
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RM4.49
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-0.2%
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BSTEAD (2771)
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15/1/2013
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RM4.95
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ACCUMULATE
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RM5.50
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RM4.94
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-0.3%
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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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RM2.08
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+2.5%
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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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RM3.19
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-0.3%
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ARMADA (5210)
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17/1/2013
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RM3.81
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ACCUMULATE
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RM4.12
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RM3.84
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+0.9%
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MALTON (6181)
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17/1/2013
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RM0.535
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Trading BUY
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RM0.62
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RM0.535
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+0.0%
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KNM (7164)
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18/1/2013
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RM0.525
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Trading BUY
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RM0.66
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RM0.535
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+2.0%
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SENDAI (5205)
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18/1/2013
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RM1.27
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ACCUMULATE
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RM1.87
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RM1.26
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-0.8%
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