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FLOWS
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Tuesday, 23 April, 2013
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BUY
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AMMB, CIMB, SIME,
MRCB
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SELL
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IOIC, MAXIS, IJM
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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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SKPETRO(5218)
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23/4/2013
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RMRM3.10
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BUY on weakness
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RM3.80
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Stock is retracing
from new high of RM3.22 with MACD oversold and RSI at 53 creating a good
opportunity to accumulate this stk on weakness. In today’s EGM s/h should
approve the share swap and private placement to finance the acquisition of
SeaDrill’s assets to create an international behemoth with massive OB of
RM18.2bn with access to more international waters. Full impact of SeaDrill’s
acquisition will be felt later part of the year whilst its 1st
marginal oilfield contract will be imputed in 4Q13. Co hopes to secure more
pipe lay supply vessel (PLSV) contracts from Petrobras as it is one of two
shortlisted bidders. (LJN)
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TOPGLOV(7113)
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23/4/2013
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RM6.09
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Take Profit
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RM5.50
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Stock
has surpassed our target of RM5.80 (refer morning call dated 14/3/13) as it
led the spike in glove sector recently on fears of H7N9 virus spreading.
Since then, glove manufacturers have been making statements that there has
been no immediate impact on demand due to this new flu outbreak in
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Calls for APRIL Week 2-3
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STOCK
|
Initiation Dates
|
Initiation price
|
BUY/SELL
|
TARGET
PRICE
|
LAST PRICE
|
% Change since Initiated
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TAGB(5158)
|
16/4/2013
|
RM0.245
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ACCUMULATE
|
RM0.33
|
RM0.245
|
0.0%
|
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IJM-WC (3336WC)
|
16/4/2013
|
RM1.36
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BUY
|
RM1.80-RM2.00
|
RM1.47
|
+8.0%
|
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AIRPORT(5014)
|
17/4/2013
|
RM5.70
|
BUY on weakness
|
RM6.40
|
RM5.80
|
+1.7%
|
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PLENITU(5075)
|
17/4/2013
|
RM1.97
|
Strong BUY
|
RM2.52
|
RM1.94
|
+1.5%
|
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WASEONG(5142)
|
18/4/2013
|
RM1.63
|
ACCUMULATE
|
RM1.84
|
RM1.63
|
0.0%
|
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PANTECH(5125)
|
18/4/2013
|
RM0.755
|
BUY
|
RM0.85
|
RM0.75
|
-0.6%
|
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HSL(6238)
|
19/4/2013
|
RM1.54
|
ACCUMULATE
|
RM1.74
|
RM1.54
|
0.0%
|
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TAANN(5012)
|
19/4/2013
|
RM3.52
|
BUY on weakness
|
RM4.10
|
RM3.50
|
-0.5%
|
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TCHONG(4405)
|
22/4/2013
|
RM5.61
|
Take Profit
|
RM5.05
|
RM5.55
|
-1.0%
|
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MAHSING(8583)
|
22/4/2013
|
RM2.28
|
BUY
|
RM3.00
|
RM2.29
|
+0.4%
|
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Tuesday, April 23, 2013
Morning Call | 23 April 2013
