Tuesday, March 5, 2013

Morning Calls | 5 March 2013


FLOWS
Tuesday, 5 March, 2013
BUY
DIGI, CIMB, TUNEINS
SELL
SIME, MPHB, TIMECOM
STOCK ALERT
STOCK NAME
DATE
PRICE
BUY/SELL
TARGET PRICE
E&O(3417)
5/3/2013
RM1.57
ACCUMULATE
RM1.82
in view of recent interest in property names esp IDR-linked ones, E&O has been largely resilient as it hovers arnd its technical support of RM1.52 or its 200D SMA lvl. Recent filings show long foreign funds have been accum as well as GK Goh (who sold to Sime earlier) has been buying back at current lvls. Co expects to launch RM2.5bn new properties this year concentrated on new growth areas in IDR and London besides its core staple Pg and KL vicinity eg Andaman Block 3, Medini Integrated Wellness Capital and Princess House in prime London area. Possible rerating catalyst should the much talked about M&A or GO by Sime Darby happen. Accumulate.
(NL)
 
  
IJMLAND(5215)
5/3/2013
RM2.15
BUY
RM2.62
stk has been languishing at current lvls looking to break above its 200D SMA after falling from its recent high of RM2.72. Comfortable to achieve its sales target of of RM1.5bn for 2013 as 9mth13 chalked up RM1.4bn in sales driven mainly by Johor (Nusa Duta), Light Collection III, Seri Riana and S2 Centrio, Wangsa Maju.  Its new RM1.7bn sales target for 2014 seems achievable given its new launch of Sanctuary Garden@Bkt Mertajam (estimated GDV of RM100-150m) and the widely anticipated launch of Bandar Rimbayu following its Ph 1 launch which was fully booked. Buy            (NL)
 
Calls for FEB WEEK 3/4
STOCK
Initiation Dates
Initiation price
BUY/SELL
TARGET PRICE
LAST PRICE
% Change since Initiated
AMFIRST(5120)
25/2/2013
RM1.06
Defensive BUY
RM1.10
RM1.06
0.0%
AZRB(7078)
25/2/2013
RM0.69
TRIM
-           
RM0.705
+2.17%
AMBANK(1015)
26/2/2013
RM6.29
ACCUMULATE
RM6.50
RM6.30
+0.15%
TM(4863)
26/2/2013
RM5.32
ACCUMULATE
RM6.00
RM5.30
-0.37%
UZMA(7250)
27/2/2013
RM1.65
Trading BUY
RM2.00
RM1.60
-3%
BSTEAD(2771)
27/2/2013
RM4.75
ACCUMULATE
RM5.20
RM4.82
+1.47%
SCOMI(7158)
28/2/2013
RM0.315
BUY
RM0.37
RM0.315
+0.00%
PUNCAK(6807)
28/2/2013
RM1.35
Switch
RM1.60
RM1.35
+0.00%
MUDAJYA(5085)
1/3/2013
RM2.45
ACCUMULATE
RM2.90
RM2.43
-0.82%
GAMUDA(5398WD)
1/3/2013
RM1.10
BUY
RM1.30
RM1.16
+5.45%