Wednesday, July 17, 2013

Morning Call | 17 July 2013

FLOWS
Wednesday, 17 July, 2013
BUY
MAYBANK, PCHEM, CIMB
SELL
BJTOTO, MPHBCAP, GENM
STOCK ALERT
STOCK NAME
DATE
PRICE
BUY/SELL
TARGET PRICE
PRESBHD (5204)
17/7/2013
RM2.11
Trading BUY
RM2.80
Stk broke out yesterday on noticeably heavier volume, breaking above the neckline of the reverse head and shoulder pattern. Despite making a new high, MACD has been oversold and is just showing signs of cutting upwards. Recent emergence of EPF as a new substantial s/h with 5.2% shows confidence in co even as it maintains its div yield of between 5-6%. It’s much touted UniMy (new boutique ICT university) just started operations this month and is expected to see 300 new enrolments for its foundation courses with another 300 students for degree courses by Sept. This is expected to enhance its recurring income which already contributes about 60% to bottomline. Expect also to benefit from more ICT orders especially in o&g ICT related prog and software management programmes. Trades at PER’14 of 10x-trading buy
(LJN)
 
  

 
HSL(6238)
17/7/2013
RM2.02
BUY
RM2.60
Stk is a laggard in recent interest in 2nd tier construction names as it has been consolidating arnd the RM1.90-RM2 lvl. Technically MACD looks poised to cut upwards after being oversold for past 2 months. Safe bet as backed by cash hoard of RM200m and 890ac landbank in Sarawak apart frm being a good proxy to SCORE growth. Outstanding OB of RM1bn with not much replenishment so far this yr, bodes well for co going into the 2H as it expects more awards of contracts eg Kuching Centralised Waste Water Proj (which is LT in nature) and upcoming Budget spending may focus on rural infrastructure concentrated in Sabah/Sarawak. Buy
(LJN)
 

 
Calls for JULY week 2 / week 3
STOCK
Initiation Dates
Initiation price
BUY/SELL
TARGET PRICE
LAST PRICE
% Change since Initiated
POS(4634)
10/7/2013
RM4.80
ACCUMULATE
RM5.50
RM4.78
-0.5%
TMCLIFE(0101)
10/7/2013
RM0.395
BUY
RM0.50
RM0.395
0.0%
SUPERMX(7106)
11/7/2013
RM2.00
SWITCH
RM2.32
RM2.09
+4.5%
CRESBLD(8591)
11/7/2013
RM1.23
BUY
RM1.44
RM1.35
+9.7%
MTDACPI(5924)
12/7/2013
RM0.555
BUY
RM0.76
RM0.60
+8.1%
GENTING (3182)
12/7/2013
RM9.98
BUY
RM10.58
RM9.99
+0.1%
WCT (9679)
15/7/2013
RM2.49
ACCUMULATE
RM2.98
RM2.44
-2.1%
JCY(5161)
15/7/2013
RM0.705
Trading SELL
RM0.53
RM0.71
+0.7%
JOHOTIN(7167)
16/7/2013
RM1.97
BUY
RM2.60
RM1.91
-3.1%
GENM(4715)
16/7/2013
RM3.99
Take profit
RM3.68
RM3.93
-1.6%