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FLOWS
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Thursday, 13 August 2013
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BUY
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MAYBANK, PERDANA, 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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WCT(9679)
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13/8/2013
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RM2.52
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BUY
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RM3.08
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Share price has started
ticking higher recently and could see further upside after piercing through
its key resistance level of RM2.50 lvl. YTD WCT has only gains 7% while still
trades below pre GE13 level of RM2.58. Key catalyst includes potential job
awards from Doha that could be worth RM1bn, RM1b earthworks package for the
RRI Land, RM800m hospital in Sabah and accelerated property launches in
2H2013. Qatar is expected to see a infra boom ahead of 2022 world cup with
estimated spending exceeding USD100bn. Given WCT’s track record, orderbook
replenishment is expected to be healthy. Property launches in 2013 will
surpass RM1bn this year, following recent successful launches. This could see
upside from company’s internal target of RM775m in sales. Orderbook stands at
RM3bn and trades at 11.8xFY14 PE. Buy with TP: RM3.08 (14.5xFYPE)
(TYK)
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CENSOF (5195)
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13/8/2013
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RM0.525
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BUY
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RM0.69
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Share price has fallen almost 20% from June peak of RM0.645 and
hovering near its key support neckline of RM0.515. This is also a 38.2%
retracement thus expecting strong support near this level. Past 2 weeks has
seen CENSOF announcing RM2.8mil in contracts awards which pushes its
orderbook to around RM45mil. CENSOF is expected to be a key beneficiary in
government’s push to bring e-commerce to the public sector as well as the upcoming
implementation of GST. CENSOF owns various portals such as Max-paygate, Cpay
web portal that encourages settlement of payment of bills and taxes between
businesses and Govt. Govt decision to increase cost of cheque issuance could
also expedite the process. Company is also the frontrunner to acquire
Khazanah’s 45.03% stake in TIME Engineering. TIME owns Dagang Net which
operates a custom duties portal. This would give CENSOF an upper hand in
participating in any GST payment solutions. Currently trades at PE of 12.2x
FY13 vs MYEG of 35x. Buy with TP: RM0.69 (15xPE)
(TYK)
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Calls for AUGUST 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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KIMLUN (5171)
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1/8/2013
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RM2.00
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ACCUMULATE
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RM2.60
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RM2.06
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+3.0%
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DELEUM (5132)
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1/8/2013
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RM3.28
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BUY
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RM3.90
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RM3.79
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+15.5%
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UEMS (5148)
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2/8/2013
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RM2.70
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BUY
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RM3.15
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RM2.75
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+1.8%
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MISC(3816)
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2/8/2013
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RM5.37
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BUY
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RM5.80
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RM5.15
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-4.1%
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KPJ(5878)
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5/8/2013
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RM6.67
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ACCUMULATE
on weakness
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RM7.25
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RM6.75
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-1.1%
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MYEG(0138)
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5/8/2013
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RM1.88
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ACCUMULATE
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RM2.20
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RM1.97
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+4.7%
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PANTECH(5125)
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6/8/2013
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RM1.04
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BUY
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RM1.40
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RM1.09
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+4.8%
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SKPETRO(5218)
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6/8/2013
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RM3.84
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ACCUMULATE
on weakness
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RM4.60
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RM3.73
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-2.9%
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MUHIBAH(5703)
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12/8/2013
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RM2.48
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ACCUMULATE
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-
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RM2.44
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-1.7%
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SUNREIT(5176)
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12/8/2013
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RM1.36
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ACCUMULATE
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-
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RM1.35
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-0.8%
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We’ve added
an extra feature (first column from right) to indicate our recommendation for
our call.
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HOLD
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CONT SELL
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SELL/ TAKE PROFIT
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CONT BUY
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STRONG BUY
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