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FLOWS
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Tuesday, 2 April 2013
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BUY
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DIALOG, MAYBANK,
GAMUDA
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SELL
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TENAGA, UEMLAND,
MAHSING
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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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YTL(4677)
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2/4/2013
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RM1.64
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ACCUMULATE
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RM2.00
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YTL (RM1.64) – defensive
stock with strong earnings visibility from its concessions protected by its
co share buybacks with imminent re-rating catalysts: privatisation of
subsidiaries-imminently YTLPower, infra contract for KL-Spore high speed rail
proj or any M&A as co eyes distressed European assets. Co is armed with
warchest of RM4bn, targeting to maintain div yield of 5%. Technically back to
its neckline of RM1.60lvl with MACD flattening out and RSI neutral
49-accumulate.
(LJN)
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PERISAI(0047)
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2/4/2013
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RM1.08
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BUY
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RM1.40
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Perisai (RM1.08) – stk has
retraced some 15% since peaking at RM1.17 and has been on uptrend since
recent announcements of acquiring another FPSO and jack up drilling rig.
Contribution from this FPSO will trickle in in 2H13 and its recent order of 2nd
drilling rig will provide co with LT recurring income. Trades within its
ascending trendline at attractive PER 11x – buy for breakout to RM1.40.
(LJN)
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Calls for MARCH Week 4/ APRIL
Week 1
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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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TM(4863)
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26/3/2013
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RM5.30
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ACCUMULATE
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RM5.80
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RM5.39
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+1.7%
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AFG(2488)
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26/3/2012
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RM4.33
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Trading BUY
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RM5.20
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RM4.41
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+1.9%
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MHB(5186)
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27/3/2013
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RM3.82
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ACCUMULATE
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RM4.40
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RM3.77
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-2.6%
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BENALEC(5190)
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27/3/2013
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RM1.17
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BUY
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RM1.50
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RM1.17
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0.0%
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MMCCORP(2194)
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28/3/2013
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RM2.55
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BUY
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RM2.75
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RM2.58
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+1.1%
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MUDAJYA(5085)
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28/3/2013
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RM2.38
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ACCUMULATE
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RM2.70
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RM2.38
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0.0%
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OLDTOWN(5201)
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29/3/2013
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RM2.46
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Trading SELL
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RM2.20
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RM2.39
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-2.9%
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JTIASA(4383)
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29/3/2013
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RM1.80
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ACCUMULATE
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RM2.14
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RM1.79
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-0.5%
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TSH(9059)
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1/4/2013
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RM2.18
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Long Term BUY
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RM2.70
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RM2.20
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+0.9%
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HUAYANG(5062)
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1/4/2013
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RM1.81
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Strong BUY
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RM2.10
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RM1.86
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+2.7%
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