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FLOWS
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Tuesday, 18 June 2013
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BUY
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CIMB, KLK, MAYBANK
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SELL
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DIALOG, IOICORP, WASEONG
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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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SUPERMX(7106)
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18/6/2013
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RM1.91
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BUY on weakness
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RM2.40
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Share
price of group peaked at RM2.20 and has fallen 15% to low of RM1.88. The
pressure on the share price was linked to the weakening of the USD against
the MYR which has eased for 2 days now indicating a reversal. Also, the
falling ASP of raw material as well as healthy demand for rubber gloves will
continue to benefit Supermx as the 2nd largest glove maker in the
world. Looking ahead, group reported that its new manufacturing facilities
would be fully automated negating the rising manual labour cost and is also
optimistic on its expansion of its Klang plant which will commence by year
end (This would increase production by 6.9 billion gloves which is more than double
the Supermax group's current Nitrile capacity from 5.4 billion pieces per
annum to 12.3 billion pieces per annum). At current share price stock is only trading at only 9x PE FY13 vs
sector average of 14x and only 1.4x p/b vs average of 3.4x. MACD is still in
negative territory, RSI only 41%. BUY on weakness with a TP of RM2.40.
(RL)
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MAHSING (8583)
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18/6/2013
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RM2.86
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BUY
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RM3.60
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Group is one of the most aggressive property developer to
expand its landbank this year. Only last month, the group purchased of 2
parcel of land in Senibong, Iskandar and Taman Wahyu, Kepong for (RM238psf)
366mil and (RM135psf) 73mil respectively. Mahsing’s Iskandar land will be
turned into Meridin@ Senibong which will be an integrated development with a
GDV of RM4.35bil while Lakeville@ Taman Wahyu will have a GDV of RM1.15bil.
With Mahsing increasing exposure in Iskandar recently, group is fast being
proxy and will benefit from the Johor play looking forward. Stock is
currently trading at only 9.5xFY14PE with dividend yield of 3.7%. RSI only at
46% and has begun creeping up, MACD wide divergence with signs of it turning
upwards. BUY with a TP of RM3.60
(RL)
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Calls for JUNE 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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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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RM3.96
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+4.2%
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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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RM3.19
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-3.1%
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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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RM5.49
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+0.7%
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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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RM3.18
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-0.6%
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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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RM1.73
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-1.1%
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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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RM0.74
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-2.7%
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MAYBANK(1155)
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14/6/2013
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RM10.04
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BUY
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RM10.58
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RM10.38
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+3.3%
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MRCB(1651)
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14/6/2013
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RM1.55
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BUY
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RM1.80
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RM1.53
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+1.3%
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GADANG(9261)
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17/6/2013
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RM0.81
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BUY
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RM1.04
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RM0.80
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-1.3%
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DELEUM(5132)
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17/6/2013
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RM3.06
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ACCUMULATE
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RM3.50
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RM3.12
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+1.9%
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Tuesday, June 18, 2013
Morning Call | 18 June 2013
