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FLOWS
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Thursday, 29 August, 2013
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BUY
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MUHIBBAH,
SKPETRO, ALAM
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SELL
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ARMADA, AXIATA
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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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UMW (4588)
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29/8/2013
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RM12.12
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Trading BUY
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-
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Share
price has corrected >16% over the last 2 weeks vis-à-vis the KLCI index’s
6%, and is trading close to the 1 year 61.8% retracement support at RM11.89
& the consolidation band of RM11.80 – 12.20 before it surged to RM15.60
high. Its technical indicators are also flashing extremely oversold levels
with big macd divergence & RSI of 15%. UMW
is more defensive than other institutional stocks as PNB, EPF & KWAP
control close to 70% of its paid up capital hence there would be less foreign
shareholding & the likelihood of support from local main funds. The
catalysts for performance will be the listing of the O&G unit where
existing UMW shareholders will be entitled to 5% of UMW O&G Corp shares,
and a better 2H13 earnings from higher auto sales from new model launches
& all 4 rigs will in service for the rest of the year with one on higher
contractual rates compared to only 2 rigs were in operation in 1Q13.
(PT)
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SUNWAY (5211)
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29/8/2013
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RM2.74
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Trading BUY
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-
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Stock
has defensive characteristics with core major shareholders holding > 70%
of its shareholdings and sell at relative lower valuations with prospective
PER & p/bk of 12.3x & 1.12x versus its peers’ average prospective PER
of 14.5x & p/bk of 1.56x. Given that the 2 projects launched earlier in
Singapore have been fully taken up, the launch of the Novena land medical
cluster in 2H13 and its pipelines of projects in Iskandar, starting with
Phase 1 of Lenang Heights & Sunway Iskandar at Medini, the forward
earnings of Sunway are assured. The market consensus 12-momth buy target
price is at RM3.73. Sunway has also retraced 21% over the past month with an
oversold RSI of 24% and a positive candlestick chart.
(PT)
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Calls for AUGUST Week 3/Week 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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CBIP (7076)
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22/8/2013
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RM2.79
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BUY
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RM3.60
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RM2.59
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-7.2%
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WTK(4243)
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22/8/2013
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RM1.33
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ACCUMULATE
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1.74
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RM1.22
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-8.3%
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GAB (3255)
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23/8/2013
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RM18.00
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SELL
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RM16.00
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RM16.92
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-6.0%
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UOADEV(5200)
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23/8/2013
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RM2.24
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ACCUMULATE
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RM2.60
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RM2.03
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-9.4%
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BAT (4162)
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26/8/2013
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RM62.30
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Trading SELL
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-
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RM61.00
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-2.1%
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GENM (4715)
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26/8/2013
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RM4.20
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Take Profit
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-
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RM4.07
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-3.1%
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AAX(5238)
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27/8/2013
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RM1.10
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BUY
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RM1.44
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RM1.02
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-7.3%
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PRESBHD (5204)
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27/8/2013
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RM1.94
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BUY
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RM2.60
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RM1.79
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-0.7%
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SCABLE (5170)
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28/8/2013
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RM1.76
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ACCUMULATE
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RM2.24
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RM1.81
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+2.8%
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SENDAI (5205)
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28/8/2013
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RM1.44
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ACCUMULATE
on weakness
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RM1.91
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RM1.42
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-1.2%
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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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