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FLOWS
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Monday, 22 April, 2013
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BUY
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CIMB, DIGI, BENALEC
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SELL
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GAMUDA, MUDAJAYA,
MAS
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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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TCHONG(4405)
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22/4/2013
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RM5.61
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Take Profit
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RM5.05
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Group
jump started the year with a sales boom from its recently launched B segment
car, Nissan Almera, which did well to help Nissan secure 9% market share of
total vehicle sale in Malaysia for the first 3 months of 2013 and recent
weaker YEN. However latest industry numbers are already showing a slowdown as
more uncertainty from the GE13 as well as a potential car price exercise duty
reduction after the GE keeping buyers
at bay until further clarification. Stock rose some 18% since the beginning
of the year behind more +ve news flow but looks like it has peaked at RM5.72
and have started its pull back. Current RSI at 66% while MACD is turning
down; we recommend investors to lock in profit and buy back at RM5.05 (50%
fibo) Take profit. Buy back of TP
RM5.05 (RL)
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MAHSING(8583)
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22/4/2013
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RM2.28
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BUY
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RM3.00
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Mahsing
is fast becoming a proxy in the Malaysian property sector as it is currently
the 2nd largest developer by sales value and is currently working on 40
projects. The group has been aggressively expanding and buying more land to
prepare for the future. Mahsing’s product range spans from affordable housing
to premium up market homes, high rise units, commercial properties and
industrial. Beside the 6 new projects launches this year, M Residence 2 in
the Klang Valley, Ferringhi Residence in Penang island, Mah Sing
iParc@Tanjung Pelepas and The Meridin@Medini which are located in Iskandar
Malaysia and Sutera Avenue in Kota Kinabalu, the group is also excited to
start developing Southville City, Bangi which has a gdv of RM3.6b where 1/3
of it is expected to be launched this year. Management is confident that the
group’s growth is sustainable and has revised this year’s sales target to
3bil from 2.5bil. Technical – MACD currently trading above the baseline (0)
and looks like it’s about to cut up. Currently only trading at cheap
valuations of 8x PE, pays 5% div, est RNAV at RM3.18. BUY with a TP of
RM3.00. (RL)
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Calls for APRIL Week 2-3
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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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AIRASIA(5099)
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15/4/2013
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RM2.84
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Situational BUY
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RM3.30
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RM2.95
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+3.9%
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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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RM4.67
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-0.4%
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TAGB(5158)
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16/4/2013
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RM0.245
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ACCUMULATE
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RM0.33
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RM0.24
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-2%
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IJM-WC (3336WC)
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16/4/2013
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RM1.36
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BUY
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RM1.80-RM2.00
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RM1.50
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+10.2%
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AIRPORT(5014)
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17/4/2013
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RM5.70
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BUY on weakness
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RM6.40
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RM5.81
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+1.9%
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PLENITU(5075)
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17/4/2013
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RM1.97
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Strong BUY
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RM2.52
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RM1.98
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+0.5%
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WASEONG(5142)
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18/4/2013
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RM1.63
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ACCUMULATE
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RM1.84
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RM1.63
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0.0%
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PANTECH(5125)
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18/4/2013
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RM0.755
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BUY
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RM0.85
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RM0.75
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-0.6%
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HSL(6238)
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19/4/2013
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RM1.54
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ACCUMULATE
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RM1.74
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RM1.55
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+0.6%
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TAANN(5012)
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19/4/2013
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RM3.52
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BUY on weakness
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RM4.10
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RM3.52
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0.0%
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