FLOWS
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Tuesday, 9 July, 2013
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BUY
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MAYBANK, SUNWAY, AFFIN
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SELL
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BJTOTO, MRCB, 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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FITTERS (9318)
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9/7/2013
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RM0.745
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ACCUMULATE
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RM1.15
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Its
foray into property development is beginning to bear fruit with plans for its
50 acres land in Rawang to be developed over 5 phases with a total GDV of
RM300mil and another 2.8 acres of land in Jalan Ipoh that will be developed
into an apartment with a GDV of RM154m which they will launch by year end. Unlocking
of value in its fire fighting division will be via a merger with Singapore
based Deluge Fire protection and eventually list it on local stock exchange
as the biggest fire fighting unit in Asean. Lastly, group’s green mill
project had made its maiden profit last year and is currently targeting to
tap into operating mills in Indonesia. Group is considerably cheap as it
trades at only 6.7x PE, 0.8x P/b and expects a 20% growth in net profit for
the next 2 years. Technical chart shows the forming of an ascending flag with
a potential break out upside to RM0.79 in the near term. MACD cutting
upwards, SMA 14, 25, 50 consolidated well at current level. Accumulate with a
TP of RM1.15 based on 6.7x FY14 PE and 17sens est eps with 20% growth.
(RL)
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OLDTOWN (5201)
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9/7/2013
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RM2.75
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BUY on weakness
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RM3.40
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With
recent development where 168 Oldtown White Coffee outlets were certified
halal by JAKIM, we believe that this unlocks a huge portion of potential
customers as more than 50% of the population in the country consists of the
Muslim race. Looking forward, the group is working on getting its chains in
East Malaysia certified as well. Although group is currently trading at the
high end of its PE band of 20x, the group stands a chance of being rerated based
on recent development; the group will also continue to benefit from the
recent weakness in coffee. Share price is currently trading at the
61.8% retracement level. MACD creeping upwards and about to cut above,
RSI only 41. Chart reveals an ascending flag with a potential upside to
RM3.12 from RM2.82. Buy on Weakness.
(RL)
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Calls for JULY week 1 / week
2
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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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GTRONIC (7022)
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2/7/2013
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RM2.18
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Strong BUY
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RM2.97
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RM2.35
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+7.7%
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IGB (1597)
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2/7/2013
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RM2.54
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Trading BUY
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RM3.00
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RM2.50
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-1.6%
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YTL(4677)
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3/7/2013
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RM1.64
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ACCUMULATE
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RM2.00
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RM1.63
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-0.7%
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INTEGRAX (9555)
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3/7/2013
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RM1.64
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BUY
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RM2.00
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RM1.56
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-4.9%
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MRCB(1651)
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4/7/2013
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RM1.53
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ACCUMULATE
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RM1.80
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RM1.57
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+1.9%
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KPJ(5878)
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4/7/2013
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RM6.78
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SELL
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RM6.11
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RM6.57
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-3.1%
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ILB (5614)
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5/7/2013
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RM1.44
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BUY
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RM1.80
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RM1.39
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-3.5%
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SCOMIES(7045)
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5/7/2013
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RM0.78
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Take
Profit into Strength
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RM0.66
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RM0.825
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+5.7%
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PADINI(7052)
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8/7/2013
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RM1.89
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ACCUMULATE
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RM2.20
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RM1.85
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-2.2%
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IJMLAND(5215)
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8/7/2013
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RM2.85
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ACCUMULATE
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RM3.30
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RM2.87
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+0.7%
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