FLOWS
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Tuesday, 14 May, 2013
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BUY
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MRCB, TM, UOADEV
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SELL
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ARMADA, GENTING, TOPGLOVE
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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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TAANN(5012)
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14/5/2013
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RM3.52
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BUY
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RM4.03
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TAANN (RM3.52) – upstream oil palm plantation player with a young palm
oil profile (6~ Years) in Sarawak as well as an integrated timber player that
owns timber concessions. Recent stabilisation of CPO prices and lower
inventory could see a rebound with TAANN as a strategic proxy for
momentum play. For every RM100/t change in CPO ASP, Taann’s net profit
increases by 10m which is approximately 9%. Its young plantation profile is
expected to record a double digit production growth for the next few years
increasing the group’s bottomline. Furthermore, with the current revival in
Japan stimulating higher infrastructure spending pushing better timber
demands, helping its timber division. Technically, price has breached above
the 14,25,50 MA and is currently trading just below the 100MA; more upside
should follow should the share price breaks above this level. MACD cutting
upwards, RSI picking up (57%). BUY with an immediate TP of RM4.03.
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YTLPOWR(6742)
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14/5/2013
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RM1.55
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ACCUMULATE
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RM1.85
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YTLPower (RM1.55) – The group was recently short listed for take part in
the tender exercise for the 2,000MW coal-fired power plant to be developed at
their own sites. The project comprising a
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Calls for MAY Week 1/ Week 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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RHBCAP(1066)
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7/5/2013
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RM8.65
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BUY
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RM10.00
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RM8.82
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+1.9%
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GLOMAC(5020)
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7/5/2013
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RM1.01
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BUY
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RM1.16
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RM1.15
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+13.8%
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ARMADA(5210)
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8/5/2013
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RM3.98
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ACCUMULATE
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RM4.40
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RM3.94
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-1.1%
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MRCB(1651)
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8/5/2013
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RM1.63
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Trading BUY
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RM2.00
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RM1.73
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+6.1%
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GADANG(9261)
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9/5/2013
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RM0.695
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BUY
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RM0.86
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RM0.825
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+18.7%
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MALTON(6181)
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9/5/2013
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RM0.535
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Mid-term BUY
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RM0.70
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RM0.605
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+13.3%
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MAS-OR(3786OR)
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10/5/2013
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RM0.075/RM0.365
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BUY
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RM0.545
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RM0.65
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-13.3%
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LIONIND(4235)
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10/5/2013
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RM1.08
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BUY
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RM1.40
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RM1.11
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+2.7%
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DAYA(0091)
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13/5/2013
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RM0.22
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Trading BUY
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RM0.26
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RM0.225
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+2.2%
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MYEG(0138)
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13/5/2013
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RM1.18
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Trading SELL
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RM1.06
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RM1.24
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+5.0%
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