Morning Call | 19 Feb 2013

FLOWS

Tuesday, 19 February, 2013

BUY

CIMB,DIALOG, MRCB

SELL

MAS, PBBANK, AXIATA

STOCK ALERT

STOCK NAME

DATE

PRICE

BUY/SELL

TARGET PRICE

DIJACOR (5401)

19/2/2013

RM2.35

SELL

RM1.20

Technically share price appears overbought after rising 27% from RM1.05 on 7 Feb after announcing plans to acquire 5.974acres of land in Johor Bahru with plans for hotel and mixed development. Dijacor will be buying the land for RM85.8mil with GDV of RM1.02bn. Valuation appears stretched at 16xFY13PE for mid size property developer while RSI stands at 90.4. SELL with first support RM1.20.

UEMLAND (5148)

19/2/2013

RM2.24

SELL

RM2.00

Share price is trading at the higher end of its trading range touching a high of RM2.32 before seeing pullback to RM2.24 yesterday. Share price which has risen 18% from RM1.98 low on 7th Feb still offers an opportunity to sell ahead of Singapore premier Lee Hsien Loong visitation to IDR. Premier Lee will be attending groundbreaking of wellness resort development. Share price trades at 22.4xFY13PE with RSI 58. SELL with target buy back level at RM2.00

Calls for JAN WEEK 4 / FEB WEEK 3

STOCK

Initiation Dates

Initiation price

BUY/SELL

TARGET PRICE

LAST PRICE

% Change since Initiated

AIRASIA (5099)

30/1/2013

RM2.78

BUY

RM3.40

RM2.66

-4.5%

WCT (9679)

30/1/2013

RM2.26

Long Term BUY

RM2.90

RM2.25

-0.44%

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

RM0.795

-5.6%

P&O(6009)

4/2/2013

RM1.26

BUY

RM1.80

RM1.32

+4.80%

HUAYANG (5062)

4/2/2013

RM1.60

BUY

RM2.60

RM1.57

-2.0%(ex)

TOPGLOV(7113)

6/2/2013

RM5.50

SELL

RM4.80

RM5.50

0.00%

GENM (4715)

6/2/2013

RM3.74

Trading SELL

RM3.40

RM3.70

-1.18%

DIALOG (7277)

18/2/2013

RM2.35

BUY

RM2.80

RM2.35

0.00%

CYPARK (5184)

18/2/2013

RM1.53

BUY

RM1.80

RM1.53

0.00%