Monday, February 18, 2013

Morning Call | 18 Feb 2013


FLOWS
Monday ,18 February, 2013
BUY
GAMUDA, DIALOG
SELL
GENTING, GENM, CIMB, AXIATA
STOCK ALERT
STOCK NAME
DATE
PRICE
BUY/SELL
TARGET PRICE
DIALOG(7277)
18/2/2013
RM2.35
BUY
RM2.80
Dialog(RM2.35) –back to the lower end of its trading range of RM2.30-2.55 with MACD way oversold and RSI 40. Fundamentally will continue to see improvement from maiden contributions from its Ph 1 Pengerang proj (land reclamation works and construction of tanks) in addition to the Balai marginal field RSC with its ptnrs Roc Oil and Petronas as well as additional 2-3 small field RSCs to expand recurring income. Accumulate at current lvls which coincides with the 200D SMA.                  (LJN)
  
 
 
CYPARK (5184)
18/2/2013
RM1.53
BUY
RM1.80
Cypark (RM1.53) –share price has retraced from high of RM1.82 back to support lvl of RM1.50, forming a head and shoulder neckline here. MACD is way oversold with RSI at 36. Upcoming qtrly results will continue to see growth as RE electricity sales gain traction as evident in last quarter’s rslts. Co is in negotiations to sign a 25yr concession for biogass and biomass in N9 which will add another 20MW capacity to further boost future earnings. In addition, its 8MW in Pajam is expected to reach 60MW capacity by end of 2013. Increasing gas prices will also be a boon for RE sales in future. Trades at PER ’13 mere 4x as earnings expected to see a boost from its RE parks-accumulate.                                                                         (LJN)
 
Calls for JAN WEEK 4 / FEB WEEK 3
STOCK
Initiation Dates
Initiation price
BUY/SELL
TARGET PRICE
LAST PRICE
% Change since Initiated
GASMSIA(5209)
25/1/2013
RM2.62
DEFENSIVE ACCUMULATE
RM2.53 >
RM2.69
+2.67%
PMETAL (8869)
25/1/2013
RM1.87
ACCUMULATE on weakness
RM1.87 >
RM1.80
-3.74%
AIRASIA (5099)
30/1/2013
RM2.78
BUY
RM3.40
RM2.70
-2.87%
WCT (9679)
30/1/2013
RM2.26
Long Term BUY
RM2.90
RM2.24
-0.88%
KLK (2445)
31/1/2013
RM21.74
SELL
RM20.50
RM21.50
-1.1%
ALAM (5115)
31/1/2013
RM0.84
Trading SELL
RM0.65-70
RM0.805
-4.1%
P&O(6009)
4/2/2013
RM1.26
BUY
RM1.80
RM1.33
+5.55%
HUAYANG (5062)
4/2/2013
RM1.60
BUY
RM2.60
RM1.59
-0.6%
TOPGLOV(7113)
6/2/2013
RM5.50
SELL
RM4.80
RM5.50
+0.00%
GENM (4715)
6/2/2013
RM3.77
Trading SELL
RM3.40
RM3.70
-0.18%