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FLOWS
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Wednesday, 23 January, 2013
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BUY
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IHH, MISC, DIGI
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SELL
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MAYBANK, GENTING,
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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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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Share
price has retraced 11% from its 7th Jan recent high. This offers
an opportunity to accumulate into a defensive sector with upside coming from
GE13. Share price trades at only 11xPE with dividend yield forecasted at
5.6%. management is eyeing to record a 5%-7% annual gross adex growth rate in
2013, and fully ready for the digitalisation of TV broadcasting by 1HFY13.
This would see CAPEX normalising with room for dividend. Buy with TP RM2.40
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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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Share
price has retraced 11% from its 4th Jan recent high of RM1.94.
Padini which reported weaker 1QFY13 due to higher provisioning of inventory
loss and aggressive discounting is expected to see earnings boosted by
upcoming festive season. Padini are also planning to add 3 new openings by
year end namely 2 (1 Brands Outlet, 1 Padini Concept Store) will be
opened in a mall in Miri while another Brands Outlet will be opened in a mall
in Seremban. Share price currently trades at 9.5x June ending FY14 with
dividend yield of 4.6% and RSI 30. Buy with TP: RM2.00
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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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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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RM2.01
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-1.0%
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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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RM3.09
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-3.4%
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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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RM3.79
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-0.60%
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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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RM0.505
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-5.9%
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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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RM0.505
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-3.9%
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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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RM1.19
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-6.7%
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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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RM1.75
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-2.8%
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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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RM0.61
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-3.2%
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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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RM9.60
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+0.25%
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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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RM2.14
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+0.4%
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