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FLOWS
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Wednesday, 19 June, 2013
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BUY
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PERISAI, CIMB, SKPRES
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SELL
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TENAGA, DIGI, 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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SKPRES(7155)
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19/6/2013
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RM0.315
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BUY
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RM0.37
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Currently trades at its lower
trading band of RM0.295-0.375, we believe valuation appears attractive
at 6xMarFYE14 earnings with a dividend yield of 5.7%. Although recent quarter
earnings were lower because of implementation of minimum wages, we believe
SKPRES earnings growth remains intact with Dyson’s penetration in China’s
market gaining momentum. Dyson has setup over 40 point of sales in China with
17 outlets concentrated in Shanghai and Beijing. Share price is also
supported by its net cash position of 10.2sen. BUY with TP RM0.37
(TYK)
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YTLLAND(2577)
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19/6/2013
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RM1.12
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BUY
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RM1.36
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Share price has fallen 15.7% from
its recent peak of RM1.33 and is hovering at is key support line of RM1.12 we
believe this offers opportunity to accumulate ahead of announcement of MRT2
line that is expected to be approved by cabinet in July. Sentul has been
identified as an interchange for MRT2 & 3 and this bodes well for
upcoming launches. Earnings will be backed by unbilled sales of RM400mil as
well as launches worth an estimated RM1.7bn. Launches includes Fennel Condos
in Sentul East, Shorefront Residences condos in Penang, U-Thant condos next
to Micasa Hotel which are all located in prime areas. BUY with TP: RM1.36
(40% discount to RNAV of RM2.27)
(TYK)
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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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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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RM3.19
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-1.0%
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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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RM10.44
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+4.4%
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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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RM1.54
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+0.7%
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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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RM0.81
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0.0%
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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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RM3.13
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+2.2%
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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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RM1.98
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+3.6%
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MAHSING (8583)
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18/6/2013
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RM2.86
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BUY
|
RM3.60
|
RM2.91
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+1.7%
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Wednesday, June 19, 2013
Morning Call | 19 June 2013
