FLOWS
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Monday, 15 April, 2013
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BUY
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RHBCAP, IOI,
DRBHICOM
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SELL
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TENAGA, MAXIS, CIMB
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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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AIRASIA(5099)
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15/4/13
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RM2.84
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Situational BUY
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RM3.30
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Airasia
(RM2.84) – Price of the stock has been suppressed behind the rise of a new
competitor, Lion Air (Malindo), threatening to eat into Airasia’s local
market share but LionAir’s recent unfortunate incident in Bali could see
passangers opt back for AirAsia with its strong safety record. Group has
shown steady growth over the past couple of years and still manage to hold on
to a significant market share in the domestic region (56% FY12). Its foray
now into the Indian subscontinent will be its main earnings driver in the
medium term. See price moving back to the Rm3.00 level in the near
term. 1Q results also TBA soon. Situational BUY. TP: RM3.30
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DIGI(6947)
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15/4/2013
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RM4.69
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Technical BUY
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RM5.08
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Digi
(RM4.72) – Most innovative company in the sector and could be the first to
launch a business trust structure to maintain its premium yield.
Post-election, the group is set to benefit from from the passing on the
6% service tax to prepaid subscribers increasing revenue. Moving forward, we
believe DiGi will be the next to roll out of 4G LTE as the group already has
the means to do so but is currently working on a centralize system structure
called the S-RAN which supports all bands from 2G-4G which the chief
technician officer anticipates the release of the high speed bandwidth only
at the end of the year. Share price charts formed a reverse head and shoulder
pattern with a RM0.36 cents upside from here. Technical BUY. With a TP of RM
5.08, start profit taking around the RM5.03 level.
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Calls for APRIL Week 1-2
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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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FITTERS(9318)
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8/4/2013
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RM0.62
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ACCUMULATE
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RM0.75
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RM0.610
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-1.6%
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CMMT(5180)
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8/4/2013
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RM1.89
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Defensive BUY
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RM2.06
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RM1.92
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+1.6%
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CRESBLD(8591)
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9/4/2013
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RM0.95
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Trading BUY
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RM1.20
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RM1.01
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+6.3%
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MYEG(0138)
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9/4/2013
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RM0.87
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Trading BUY
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RM1.20
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RM0.84
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-3.5%
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KNM(7164)
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10/4/2013
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RM0.495
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Trading BUY
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RM0.60
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RM0.485
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+2.0%
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YEELEE(5584)
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10/4/2013
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RM0.92
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Trading BUY
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RM1.10
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RM0.945
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+2.7%
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DIALOG(7277)
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11/4/2013
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RM2.39
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ACCUMULATE
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RM2.80
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RM2.37
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+0.8%
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GBGAQRS(5226)
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11/4/2013
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RM0.94
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ACCUMULATE
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RM1.04
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RM0.945
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+0.5%
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CMSB(2852)
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12/4/2013
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RM3.25
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ACCUMULATE
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RM3.53
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RM3.17
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-2.5%
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TDM(2054)
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12/4/2013
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RM4.52
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Trading SELL
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RM3.90
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RM4.44
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-1.8%
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