Tuesday, February 19, 2013

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%