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FLOWS
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Wednesday, 8 May, 2013
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BUY
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MAYBANK, PCHEM, AXIATA
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SELL
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BJTOTO, AMMB, DRBHICOM
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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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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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laggard in recent o&g run up
as stk has been consolidating slightly below RM4. Technically MACD is still
oversold and looking to cut up, RSI 58-still not overstretched. Stk has
been trading within a tight range this yr despite earlier award of RM2.3bn
FPSO contract from ONGC,
(LJN)
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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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one of the worst performing
quasi GLCs, despite recovering from recent low of RM1.21. Technically this
laggard has just broken out yesterday as it spiked above RM1.60 lvl as it
plays catch up to other situational stks (It finally broken above LT 200D SMA
lvl). Immediate rerating catalyst will be the upcoming EGM to approve recent
proposed Nusa Gapurna acquisition will be held in June. This will enhance
MRCB’s depleting landbank with 4 parcels of prime land in Klang Valley worth
RM459m includes a new proj called PJ Sentral (diversify from KL Sentral which
is due to complete in 2014). Limited downside as shr swap deal is at RM1.55
providing base case for stk. Also, just received LoI from GOvt to upgrade
(LJN)
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Calls for APRIL Week 4/ May
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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PETGAS(6033)
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30/4/2013
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RM19.64
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Sell into strength
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RM18.50
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RM20.12
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+2.4%
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PCHEM(5183)
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30/4/2013
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RM6.49
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Sell into strength
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RM6.00
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RM6.58
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+1.3%
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WTK(4243)
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02/5/2013
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RM0.975
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BUY
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RM1.20
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RM1.02
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+4.6%
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MPHB(3859)
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02/5/2013
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RM3.52
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BUY
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RM4.20
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RM3.71
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+5.3%
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MISC(3816)
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3/5/2013
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RM4.30
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BUY
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RM4.97
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RM4.60
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+6.9%
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PETDAG(5681)
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3/5/2013
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RM23.52
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Trading SELL
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RM20.00
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RM24.40
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+3.7%
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TAMBUN(5191)
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6/5/2013
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RM0.94
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ACCUMULATE
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RM1.12
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RM1.06
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+12.7%
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SENDAI(5205)
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6/5/2013
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RM1.07
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BUY
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RM1.41
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RM1.22
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+14%
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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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RM8.74
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+1.1%
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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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RM1.04
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+3.0%
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Wednesday, May 8, 2013
Morning Call | 8 May 2013
