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FLOWS
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Thursday, 13 June, 2013
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BUY
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GAMUDA, CIMB, AMBANK
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SELL
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AIRASIA, UMW, TM, 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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GCB(5102)
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13/6/2013
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RM1.75
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BUY
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RM2.40
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Share price is 12% off its recent
high of RM1.98 in early May due partly to weaker 1Q earnings that was
impacted by lower average selling prices for cocoa products. Chart is showing
positive signs as MACD has turned while share price look poised to clear its
Flag pattern neckline of RM1.75. Recent strength in share price, recovering
from its bottom of RM1.66 could be due to 15% gain in Cocoa price since March
as well as a stronger USD that is expected to benefit exporters. GCB has
undergone major expansion over past year raising its total capacity from 140k
MT/yr to 200k MT/yr and is expected to reap from better prices and lesser
competition following consolidation in the industry. Currently trades at
7xFY13 with a reasonable dividend of 4.57%. 5 year PE average was 11x. Buy
with TP: RM2.40 (10xFY13 consensus)
(TYK)
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NOTION(0083)
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13/6/2013
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RM0.76
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BUY
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RM0.89
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Share price has fallen sharply since
mid 2012 as company were impacted by slower HDD sales as well as fire that
occurred at its main factory in Klang. We believe NOTION could have seen the
worse as management has noted that overall orders had picked up by 30% in
April and expect sustainable recovery for the 2H. The group is also
undergoing a transition period currently with its focus mainly on new
components in the industry of oil & gas, aerospace, robotics, and
consumer electronics predominantly in tablets. Share price currently sits on
key support of RM0.74 and trades at only 5.6x SeptFYE14 compared to 7year
average of 7.5x. Recent strength in USD would also benefit the company. Buy
with TP: RM0.89 (7xFY14)
(TYK)
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Calls for JUNE Week 1 &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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TA(4898)
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6/6/2013
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RM0.585
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BUY
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RM0.85
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RM0.62
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+5.9%
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COASTAL(5071)
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6/6/2013
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RM2.28
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BUY
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RM2.60
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RM2.17
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-4.9%
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CMSB(2852)
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7/6/2013
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RM5.11
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BUY
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RM6.10
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RM5.70
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+11.5%
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PENERGY(5133)
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7/6/2013
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RM1.92
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ACCUMULATE
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RM2.23
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RM2.07
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+7.8%
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PMETAL(8869)
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10/6/2013
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RM2.57
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ACCUMULATE
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RM3.00
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RM2.46
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-4.3%
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MUHIBAH(5703)
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10/6/2013
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RM1.43
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BUY
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RM2.09
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RM1.42
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-0.7%
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PARKSON(5657)
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11/6/2013
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RM3.80
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ACCUMULATE
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RM4.45
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RM3.80
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0.0%
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QL(7084)
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11/6/2013
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RM3.29
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Trading BUY
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RM3.59
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RM3.25
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-1.3%
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TM(4863)
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12/6/2013
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RM5.45
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ACCUMULATE
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RM6.00
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RM5.44
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-0.2%
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DSONIC(5216)
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12/6/2013
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RM3.16
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SELL
into Strength
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RM2.50
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RM3.08
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-2.6%
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Thursday, June 13, 2013
Morning Call | 13 June 2013
