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FLOWS
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Tuesday, 25 June 2013
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BUY
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IOICORP, DIALOG, GENM
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SELL
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MAS, MPHB, MAHSING
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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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KOSSAN(7153)
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25/6/2013
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RM4.81
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SELL into Strength
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RM4.00
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Stock
has been outperforming in the industry with share price gaining 44% YTD.
Although group’s fundamentals are expected to improve in 2013 (with
them introducing its new surgical glove production line in 4QFY12 and to
increase capacity) the recent strength in the share price was largely inline
with the stronger USD against MYR. Currently the share price is trading at
13x PE vs its 5 year average of 11x. Current price also trades close to most
of the analyst’s target (RM4.83 mean) thus upside from here could be limited.
Technical indicators are overbought with RSI at 73%, and MACD at its highest
point YTD. Propose a SELL into strength behind the weaker overall market
condition and a BUYBACK at RM4.00 based on 11x PE.
(RL)
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AIRASIA(5099)
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25/6/2013
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RM3.06
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ACCUMULATE
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RM3.60
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Airasia’s
fundamentals are strong with the group retaining its pre-eminent position in
the ASEAN region as the most successful low cost airline and best positioned
to benefit from the region’s open skies agreement. Looking ahead, group’s
fundamentals are expected to improve as latest acquisition, Zest Air
Phillipines, has been yielding results as fleet utilization was ramped up.
Furthermore, the group is taking matters into account as they plan to
terminate their loss making arm, Airasia
(RL)
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Calls for JUNE Week 3 & 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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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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RM1.93
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+1.0%
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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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RM2.78
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-2.7%
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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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RM0.300
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-4.8%
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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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RM1.05
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-6.2%
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KKB(9466)
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20/6/2013
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RM2.10
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ACCUMULATE
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RM2.80
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RM1.88
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-10.5%
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CANONE(5105)
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20/6/2013
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RM3.44
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ACCUMULATE
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RM5.00
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RM3.25
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-5.6%
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IHH(5225)
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21/6/2013
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RM4.03
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TAKE PROFIT
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-
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RM3.89
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-3.4%
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E&O(3417)
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21/6/2013
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RM1.84
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BUY
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RM2.05
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RM1.77
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-3.9%
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FAVCO(7229)
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24/6/2013
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RM2.86
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ACCUMULATE
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RM3.40
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RM2.69
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-6.0%
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TROP-WA(5401WA)
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24/6/2013
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RM0.865
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Trading BUY
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RM1.50
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RM0.81
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+6.4%
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Tuesday, June 25, 2013
Morning Call | 25 June 2013
