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FLOWS
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Thursday, 27 June, 2013
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BUY
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SIME, COASTAL, CIMB
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SELL
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GENTING, DIALOG, MPHB
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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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UOADEV(5200)
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27/6/2013
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RM2.23
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BUY
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RM2.70
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Share
price has retraced 19% from its May high of RM2.75 with RSI sitting at 30
indicating oversold levels. Valuation is undemanding as it trades at only
7.7xFY13PE with attractive dividend yield of 5.8%. Earnings will be supported
by estimated total sales of RM1.5bn for FY12 with targeted launches of RM3bn
for next 12-18months. UOADEV has diversified its landbank from Bangsar South
with upcoming major launches such as Kencana Square (GDV:RM1.5bn), Kepong V
(RM1.5bn) as well as just announced 11acres acquisition in Jln Ipoh. Proposed
acquisition in addition to existing land will see UOADEV launch a 28acres
mixed development project worth approximately RM2.5bn. Company has just
declared its 12sen dividend with DRP set at RM2.07 per share. BUY TP: RM2.70
(TYK)
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LIONIND(4235)
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27/6/2013
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RM0.975
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BUY
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RM1.40
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Share
price has tumbled 20% from its recent high of RM1.22 with prices likely to be
well supported at the RM0.95 level. Post GE13 shall see higher demand for
long steel products as projects such as MRT1, Power plant projects and TRX
garner pace. MITI removed the duty exemption on 18 grades of steel imports
effective 1 Feb 2013 which is expected to assist upstream players such as
Megasteel that is the sole local HRC maker. Current price is also
significantly below chairman, Tan Sri William Cheng, recently acquired 25.34%
stake in LionInd at RM1.40 from Lion Corp. JunFY14 PE is estimated at only
6.6x with P/B of 0.22x significantly lower than historical P/B of 0.4x. Buy
TP: RM1.40
(TYK)
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Calls for JUNE Week 3 & 4
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STOCK
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Initiation Dates
|
Initiation price
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BUY/SELL
|
TARGET
PRICE
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LAST PRICE
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% Change since Initiated
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KKB(9466)
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20/6/2013
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RM2.10
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ACCUMULATE
|
RM2.80
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RM1.90
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-10%
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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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RM3.31
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-2.7%
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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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RM3.88
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-3.8%
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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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RM1.95
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+5.9%
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FAVCO(7229)
|
24/6/2013
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RM2.86
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ACCUMULATE
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RM3.40
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RM2.80
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-2.1%
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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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RM0.80
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-7.6%
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KOSSAN(7153)
|
25/6/2013
|
RM4.81
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SELL
into Strength
|
RM4.00
|
RM4.82
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-0.2%
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AIRASIA(5099)
|
25/6/2013
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RM3.06
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ACCUMULATE
|
RM3.60
|
RM3.06
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0.0%
|
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GAMUDA(5398)
|
26/6/2013
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RM4.45
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ACCUMULATE
|
RM5.20
|
RM4.45
|
0.0%
|
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SKPETRO(5218)
|
26/6/2013
|
RM3.86
|
ACCUMULATE
|
RM4.50
|
RM3.89
|
+0.7%
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Thursday, June 27, 2013
Morning Call | 27 June 2013
