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FLOWS
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Friday, 31 May, 2013
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BUY
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MAYBANK, IJMLAND
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SELL
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DAYANG, GENM
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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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TIENWAH(7374)
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31/5/2013
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RM2.55
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ACCUMULATE
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RM3.00
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Offers an attractive yield of
6.7% in a relatively defensive sector. Company core business is in
specialising printing of cigarette cartons, consumer goods packaging,
advertising materials as well as trading of cigarette packaging cartons.
Company has a 10 year concession that expires in 2018 to supply BAT printing
requirements in Australasia, Vietnam, Singapore and Malaysia. Tienwah also
has a manufacturing plant in Vietnam which allows them to tap a market in
Southeast Asia with strong growth. Revenue has been growing steadily in high
single digit for past 3 years. Trades at PE of 8x. Accumulate TP:3.00
(TYK)
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FAJAR(7047)
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31/5/2013
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RM0.72
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BUY on weakness
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RM0.83
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Remains a laggard to
construction play as it is only trading at 6.8xJunFY14PE. Recent earning
weakness was mainly due to delays in executing LRT project. Orderbook stands
at RM700mil. Company is a proxy for infra play such as MRT2 & 3. Fajar
has also ventured into property development after purchasing freehold land in
Sentul and Puchong. Expect to see strong support at 68-70sen lvl. TP: RM0.83
(8xFY14)
(TYK)
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Calls for MAY Week 3/ Week 4
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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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TAS (5149)
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23/5/2013
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RM0.51
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BUY
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RM0.69
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RM0.500
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-2.0%
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GLOMAC (5020)
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23/5/2013
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RM1.36
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SELL
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RM1.22
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RM1.29
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-5.2%
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MULPHA (3905)
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27/5/2013
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RM0.445
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BUY
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RM0.68
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RM0.465
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+4.4%%
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GENTING (3182)
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27/5/2013
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RM10.30
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Accumulate
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RM11.78
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RM10.26
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-0.4%
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PRESBHD (5204)
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28/5/2013
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RM1.70
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ACCUMULATE
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RM2.30
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RM1.79
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+5.2%
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KIMLUN(5171)
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28/5/2013
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RM1.91
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ACCUMULATE
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RM2.26
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RM2.33
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+18.3%
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HUNZPTY(5018)
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29/5/2013
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RM2.35
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LONG TERM BUY
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RM2.80
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RM2.32
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-1.3%
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LAFMSIA(3794)
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29/5/2013
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RM10.98
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TRADING SELL
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RM9.75
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RM10.90
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-0.8%
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TSRCAP(5042)
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30/5/2013
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RM0.81
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Trading BUY
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RM1.00
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RM0.81
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0.0%
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BPURI(5932)
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30/5/2013
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RM0.805
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Trading BUY on
Weakness
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RM1.00
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RM0.785
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+2.5%
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Friday, May 31, 2013
Morning Call | 31 May 2013
